Mark Minervini

I think it is closer to tight than loose. He mentioned in one interview that upon reviewing his past trades his average losing exit was (iirc) -3.5%. He obviously adheres to the strategy that if soon upon entering a trade It goes against you, that is proof you were wrong and need to exit...re-enter if it sets up again or look elsewhere for a trade. Idk maybe I’m wrong here, but that doesn’t sound like bad advice to me.

Reading further into him, he closes out most positions with a 3-5% loss. 8% is an O'Neill-ism.
 
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