Mark Minervini (Meltdown)

destriero · Oct 21, 2021

Specterx said:
He claims to have made something like 250% in the first seven months of the year swing trading equity breakouts. I find those numbers pretty hard to believe. Most likely he is faking the results; I doubt this 'contest' looks too hard, most likely they accept self-reported statements or balances without question. If he's really trading then he's essentially risking the whole account.

Zadeh only requires screenshots. He was duped years ago by someone resetting a TOS paper trading account. I'd bet that Minervini is using TDA/TOS. Zadeh does not monitor the accounts directly.

deaddog · Oct 21, 2021

longandshort said:
The problem with having stops is that when you are filled it’s typically in an adverse situation (e.g. at worst point).

The worst point would be below my stop.

deaddog · Oct 21, 2021

destriero said:
Zadeh only requires screenshots. He was duped years ago by someone resetting a TOS paper trading account. I'd bet that Minervini is using TDA/TOS. Zadeh does not monitor the accounts directly.

According to the web site

The purpose of this competition is to uncover rising financial stars, and help them rapidly attract new investors.

This competition is designed for smaller traders who want to make a name for themselves.

There's no prize for winning, only bragging rights.
It's up to the contestant to supply the brokerage statements to Zadeh. I guess there's lots of room to photoshop or adjust the statements, but you'd certainly make a name for yourself if you got caught cheating.

longandshort · Oct 22, 2021

deaddog said:
According to the web site
There's no prize for winning, only bragging rights.
It's up to the contestant to supply the brokerage statements to Zadeh. I guess there's lots of room to photoshop or adjust the statements, but you'd certainly make a name for yourself if you got caught cheating.

there's no incentive because of the conflict of interest. you are paying zadeh.

deaddog · Oct 22, 2021

longandshort said:
there's no incentive because of the conflict of interest. you are paying zadeh.

Would such a contest be of any interest to someone like yourself who is contemplating getting into the money management business? $350 would seem like inexpensive advertising.

Put your hard earned money with me, here's proof I know what I'm doing. Minervini seems to be riding the hype. Getting interviewed on CNBC can't hurt your exposure.

longandshort · Oct 22, 2021

deaddog said:
Would such a contest be of any interest to someone like yourself who is contemplating getting into the money management business? $350 would seem like inexpensive advertising.

Put your hard earned money with me, here's proof I know what I'm doing. Minervini seems to be riding the hype. Getting interviewed on CNBC can't hurt your exposure.

Nope. Put it simply, investors who are qualified to pay performance fees aren't looking for fund managers using these types of competitions. Investors are more interested in managers who have a repeatable process, strong risk management, and transparency. Minervini, and other traders like him, are simply retail.

deaddog · Oct 23, 2021

I can't say for sure that this is how Minervini trades but it is very similar to how I look at charts.
FWIW I'm not looking at COIN and probably won't until it makes a new all time high.

Is Coinbase a Buy? | COIN Stock Analysis and Trade Review | NFT Catalyst? - YouTube

morganpbrown · Oct 23, 2021

I have one of his books. He searches for stocks with earnings acceleration. Too bad none of todays highfliers have actual earnings.

longandshort · Oct 23, 2021

morganpbrown said:
I have one of his books. He searches for stocks with earnings acceleration. Too bad none of todays highfliers have actual earnings.

For pre earnings companies rev growth and ebit growth can be good proxies. What makes accelerating earnings a good driver of stock returns is that it requires investors to revalue the stock at much higher prices. Revenue and ebit lead earnings, and only when a company is in its earnings phase (nature company) does it become more important.

Butterfly · Oct 23, 2021

smallfil said:
That is not Mark Minervini. I know he was called Mark but, doesn't look like him, compared to his picture on his book which I have. Have asked him on Twitter when I still was on it and he did answer some of my questions. This guy was totally evasive. Is this the same guy? Compare this guy's nose on the video with the picture on Mark Minervini's book. Totally, different. Did he get facial surgery? I doubt it.

he sounds like a cheat, tbh