Mark Minervini

[ms33]

Does 8% seem like a tight stop to you? Tight stops is his mantra.

 

[zghorner]

Does 8% seem like a tight stop to you?

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.

 

[ironchef]

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Same numbers from Schwager interview;
wonder what happened in 2000-2020?? 10 years or 20 years is much harder......................................................................................Good read!!

Where can I find Schwager interview of him?

Thanks.

 

[murray t turtle]

Where can I find Schwager interview of him?

Thanks.

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Most any good library;
public or private/ top trader books. Don't remember if it was MW/or NMW/New Market Wizards...………………………………………………………………………………………………………………….. SINCE [IBD system noted 7or 8% max stop loss to make $24; then no way is $7 or 7or 8% anything but an average max stop]

 

[Laissez Faire]

Where can I find Schwager interview of him?

Thanks.

 

[Same Lazy Element]

you are bashing the dude hard because his methods didnt work for you, but is the problem the method, or you?

Considering that he's selling seminars instead of trading, it must be the method.

 

[ironchef]

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Most any good library;
public or private/ top trader books. Don't remember if it was MW/or NMW/New Market Wizards...………………………………………………………………………………………………………………….. SINCE [IBD system noted 7or 8% max stop loss to make $24; then no way is $7 or 7or 8% anything but an average max stop]

Thanks.

I have three of Schwager's books on market wizards but don't remember reading about Minervini in them? Let me go back and reread.

 

[ironchef]

Yes thank you. Found him in the first market wizard book.

 

[ironchef]

Wow! A Market Wizard who ran a hedge fund, an institutional research firm selling trading seminar.

 

[murray t turtle]

Does 8% seem like a tight stop to you? Tight stops is his mantra.

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In the book he mentioned 10%;
but he favored exceptional stocks...……...And actually @ that interview time commissions were a bigger factor. Slippage still matters/depends on the market also.
Cut a 4% loss on SDOW; 10%stop is a waste of money; except if it makes 30% weekly --thats different. SDOW seldom makes 30% a week, even though it did better than that this year /not very often...……………………………………………………………………………………………………………..
Inverse etf is much different trend than regular long etfs.