Mark Minervini...Legit or Not?

Kris Qullamaggie, Swedish guy who went from 5K to 80 mil in 10 years, mentioned in one of his Twitch streams that he thinks Minervini didn't have the nerve to trade larger and larger sizes as his account progressed. He certainly believed his methods were real as they had a positive effect on his trading. He went on to say that anyone who starts taking money from other traders in the edu biz has given up on account size building through prior years of successful trading (that is, if they were legit in the first place).

Kris is a rare find in the trading world if you're looking for free help from a great trader.

It was noted in Ross Cameron's recent SEC run-in that he spent over 25 mil total in advertising. Since his edu biz inception. Say WHAT!?
 
Ross C. trading style is cretainly not scalable and with his followers it is easier for him to make (more) money on the edu biz. Mark Minervini and Andrea Unger are both talented but also bit lucky. They have problems to be consistent profitable over a longer term period, say more than just a few years. Kris Q. is an exception and certainly scalable to at least a billion, then it gets more difficult to hold his equity growth rate. I have attached a screenshot that you only need one good trade within a day, say something at Reward-Risk-Ratio of 8:1 and then scale in instantly according to Euler and voila it is done. So far I had no luck, it is also not that easy to implement it with bigger lot/contract sizes. But for anyones illustration, here is the picture. With 'only' $30k risk in one trade within a day (or swing over several days) $80 million could be made. And your risk is no more than $30k initial risk to any point later with that trailing stop and scaling in. I took the SP500 cfd contract as example here, with a 20 point trailing stoploss and a 160 point profit target. Position Sizing (as step in a whole system or trading strategy development) is where the most money comes from. Cool or ?
Prop Firm Risk.gif
 
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If his street credit goes back to 20+ years ago, there is no way we can form a legit opinion on him TODAY. Markets change in 2 decades, what worked then may not work today. As someone else has pointed out, he may have a psychological (or execution) barrier with size.

Short answer is, we just don't know, unless he has legit results from the last few years.
 
Pekelo said:
If his street credit goes back to 20+ years ago, there is no way we can form a legit opinion on him TODAY. Markets change in 2 decades, what worked then may not work today. As someone else has pointed out, he may have a psychological (or execution) barrier with size.

Short answer is, we just don't know, unless he has legit results from the last few years.
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True, but he won the USIC in 21' so that's saying something
 
zghorner said:
ET is trader skeptic HQ...they cant help it honestly, this business is like a magnet for scammers.
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Yeah I just picked up his books, and O'Neills and reading some of these criticisms makes me think I'm falling for a big sham lol. This happens a lot when I'm doing research on trading resources. I feel like a sucker.

But idk, we all have different brain chemistry and different styles and strategies, maybe the info in these books will be of value to me
 
Minervini is the real deal. His accomplishments speak for themselves. He won the 2021 championship +334.8%. Oliver Krell won in 2020 +941%, he is a disciple of Minervini.

Schwager wrote: “Minervini’s performance has been nothing short of astounding. Most traders and money managers would be delighted to have Minervini’s worst year — a 128 percent gain — as their best. His average annual return has been a towering 220 percent, including his 155 percent first-place finish in the 1997 U.S. Investing Championship. But the return is only half the story. Amazingly, Minervini achieved his lofty gains while keeping his risk very low: He had only one down quarter — barely — a loss of a fraction of 1 percent.
 
comagnum said:
Minervini is the real deal. His accomplishments speak for themselves. He won the 2021 championship +334.8%. Oliver Krell won in 2020 +941%, he is a disciple of Minervini.

Schwager wrote: “Minervini’s performance has been nothing short of astounding. Most traders and money managers would be delighted to have Minervini’s worst year — a 128 percent gain — as their best. His average annual return has been a towering 220 percent, including his 155 percent first-place finish in the 1997 U.S. Investing Championship. But the return is only half the story. Amazingly, Minervini achieved his lofty gains while keeping his risk very low: He had only one down quarter — barely — a loss of a fraction of 1 percent.
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If someone could truly print money in the market....why the hell would they be talking about it, and giving it away, selling the wisdom?
That's a flawed fallacy with all these so-called great Holy wisdomic trading teachers dum-basses look up to and praise.

If I had the talent to rob a bank....daily....I certainly wouldn't sell the process, I would rob the f'n bank myself everyday.
If someone could make $400,000 a day in the market....do you think they would talk about it and teach it to everyone for a small, tiny, fee?

Money is always made, somehow. If you don't know who the con and conner is....it's You. Amateur, naive, gullible, fools. Similar thing with the Vatican church throughout the history of mankind, civilization. And social media personalities and the sheep who consume them.
 
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