Mark Minervini
@markminervini
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Author Trade Like A Stock Market Wizard and Think & Trade Like a Champion. Featured in Stock Market Wizard by Jack Schwager. Before following read disclosure.
Joined January 2010
I dropped out of school in 8th grade. I started with only a couple thousand dollars. I lost money and failed my first 6 years. If I can succeed, so can you. especially now that you have my guidance, something I had little of. Go for it, you can do it!.
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Today is my birthday. I'm 57 years old, and I'm blessed beyond words to have a wonderful life, a wonderful wife, a beautiful daughter and great friends. I am greatful for my followers, my clients and even the trolls. I wish you all health, wealth and happiness. Peace and love.
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During my 40 years trading none of my success came from picking a bottom right at the low. The low happens on one day, the bull market last for years. The big money is made spotting trends not bottoms.
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I am humbled, honored and proud to report that I am now a 2-time U.S. Investing Champion, winning the 2021 USIC $1 million division with a 334.8% return and producing the largest return across all divisions, including leveraged futures and options. 😇🙏🥳💪
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-- 40-years ago when I told my family and friends I was going to be a stock trader, I was told all the reasons why I shouldn’t and couldn’t. It’s gambling, it’s not a real job, they said. -- When I made my first million dollars, I was told I was lucky. -- When I won the 1997 U.S.
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The big turning point in my trading came when I made a decision and vowed to NEVER EVER let a loss exceed 8%. During the next 5 years I averaged 220% per year for a total compounded return of 33,500%. It's been 28 years since and I have never broken that discipline not even once!.
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Today is the day crypto traders turn into crypto investors.
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My 6 key trading rules.1. Wait in cash for proper setups. How long? As long as it takes!.2. Always trade with a stop loss; keep all losses small.3. Never get bold when running cold.4. Nail down decent profits.5. Never let a good size gain turn into a loss.6. Never add to losers.
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While my gut says we are getting close to a bottom, experience tells me to stick to the rules and let the weight of evidence guide my trading. A low happens on one day, the bull market last for years. The big money is made spotting trends not bottoms. The current trend is down.
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India. I am in harmony with you at this very moment. 🙏
To all my wonderful friends in India. Happy Diwali. Best wishes in health, wealth and happiness.
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Halting activity on stocks like $GME to stop the bleeding for the shorts is ridiculous. The hedge funds are big boys; they made a bet and now should pay the consequences of making the wrong decision. They are pros, they don't need to be protected.
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You may agree with Twitter banning Trump's tweets, but it's a slippery slope towards China type selective sensorship and in direct conflict with the fundamental principle that makes the U.S. great. I MAY NOT LIKE WHAT YOU HAVE TO SAY, BUT I WILL FIGHT FOR YOUR RIGHT TO SAY IT.
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I can promise you that if you become really great at reading charts and managing risk, money will follow. But if your goal is just money, you won't outlast the learning curve. The key is to fall in love with the journey, not the money. Perfect the process and success will follow.
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Rules I built a 38-year career on. 1. always use a stop loss.2. define your stop before you enter.3. never risk more than you expect to gain.4. nail down decent profits.5. never let a good size gain turn into a loss.6. never average down.7. never get bold when running cold.
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My good friend called me a month ago, said his 25 year old son wanted to get into stock trading. I sent him my books and told him to start there, but don't trade until I talk with him. Today he texted me his son lost 120k of a 175k investment in $TSLA options. SIgn of the times.
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The rules I built a 41-year career and a personal fortune on. 1. always use a stop loss.2. define your stop before you enter a trade.3. never risk more than you expect to gain.4. nail down decent profits.5. never let a good size gain turn into a loss.6. never average down.7.
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Happy Diwali!! 🕯 .Thank you @ashwinp3 for the robe. He traveled all the way from India to bring it to me personally. ❤️ 😇🙏
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When I look back at my near 40-year stock trading career, it makes me feel old but also fortunate to have stood the test of time through bull markets, bear markets, crashes, recessions an everything in between.
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I was informed that the great William J. O'Neil has passed. No one man has contributed more to aspiring investors as Bill. I am grateful to have been inspired by him almost 40-years ago. Bill was a great American success story, and a great American. He will be missed and always
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This is NOT a time to walk away from the market. It's a time to double up on your research, your education, your post-analysis and to prepare for the next opportunities. The goal is preparation. so when the next major up leg occurs you are properly in sync.
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Here are some of the biggest mistakes I made when I was new to trading and very likely the same mistakes you will make a well. They all stem from one thing!
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When I first started trading it took me 6 years to become profitable. during which I blew up my account twice. David Ryan worked for William O'Neil and it still took him a few years and he also blew up his account before learning the important lessons. Be patient with yourself.
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In my 57 years, I've learned something about life. If you take some hard steps and sacrifice & suffer a bit in the short term, you can lay the groundwork for a great long term future. Or you can be lazy and take what appears to be the easy road now and suffer forever.
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We are 16-months into this bear market. If you are feeling worn out and frustrated, know that so are many others in the market. and that's precisely what creates a major bottom. It may get worse before it get better. The key is to remain disciplined and not to lose sight of the.
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If you work hard at your job, you can make a living. If you work hard at trading, you can make a fortune. If you work hard on yourself, you can make a life.
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We just witnessed the most pathetic scam in sports history. Boxing hit an all-time low tonight.
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A few key decisions early in my trading career and my financial life completely changed for the better in just a few years. 1. No big losses.2. No averaging down .3. No chasing extended stocks.4. No giving back decent profits.5. Always get odds on my money.
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Out to dinner with my beautiful wife. Cheers! 🍾 17 years together, and happier than ever!
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RIP🙏 Charlie Munger. A great investor, and a great man that always spoke his mind honestly. Respect & admiration for your wisdom and your legacy. 🦉
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As ugly as the market has been, at this stage it's time to get off the indexes and focus on leading stocks. The best names ALWAYS bottom BEFORE the averages. Now is the time to START looking for names that will lead the next bull market which is certain to follow this correction.
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You only need one strategy to get rich in the stock market. The sooner you commit to being great at it, the sooner it will pay you. But you will never get paid well for knowing a little about many strategies. To be great at one thing you have to sacrifice others. Now get to work.
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To all my wonderful friends in India. Happy Diwali. Best wishes in health, wealth and happiness.
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I've seen "overvalued" stocks go up 1000% and "undervalued" names plummet to zero. I've learned it's much better to be in an overvalued asset that everyone is buying than in a undervalued one that no one wants. I've made millions through the perception of value, not value itself.
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A trilogy for traders. Everything you need to know about fundamentals, technicals and mindset to dramatically improve your performance.
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5 Principles to Build Your Trading Career On.1. Get off the money, get off results and concentrate purely on perfecting process. 2. Commit to just one style. Commit to just one mentor; someone who has already achieved what you are aiming to accomplish. 3. Don’t judge too soon.
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First, let me say, I'm not a Trump fan. I'm a fan of doing what's best for the country with a long-term horizon in mind. There are those who argue that we no longer need a manufacturing base in our economy—that it's an outdated sector, and we can comfortably rely on technology.
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I grew up poor; I value a dollar. Once I get a decent profit, I don't give it back. That's one of my success "secrets." Never let a good size gain turn into a loss. I've never met a highly success trader that routinely allows gains to turn into losses.
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Everyone is trying to nail the bottom of this "once is a lifetime" buying opportunity. First of all, it's not a once in a lifetime opportunity. Second, picking the bottom isn't the opportunity. The bull market that follows is the opportunity. And there's plenty of time for that.
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It's great to see the market strong this morning but remember, the nature of the bear is to to open strong and then fade. Before I get aggressive, I always let the market prove itself first. The intelligent traders looks to enter at the right price, not the lowest price.
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Had dinner last night with my good friend Stan Weinstein and our wonderful wives. Stan is one of the most colorful personalities you will ever meet and a living legend of Wall Street. Last night he was literally colorful. 😎 #goodpeople
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This is where traders get frustrated and break discipline. when the indexes take off but there are few stocks to buy. You MUST learn to get off the indexes and stay tuned into the individual stocks. Don't let the indexes pressure into breaking discipline. Until stocks offer buy.
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Today is my wedding anniversary to the greatest wife and mother on the planet. 16 years together ❤️. I am blessed in many ways. and this is the biggest of them all. 😇🙏.
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I have a simple rule: If someone is more successful than me, I get pad & pen, shut up and take notes. If you haven't made your first $10mil. or at least $1mil. and haven't traded for+10 yrs. YOU DON'T KNOW SHIT! And guess what, I didn't know shit either when I was at that point.
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I’ll be the first to admit—this rally has unfolded with very few stocks truly in buyable position (at least, speaking for my strategy), and for me, the results have been mixed at best. I did manage to latch onto a few nice winners, but the volatility whipped me in and out on a.
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A study was done on 77,000 accounts at a large discount broker from 1990 to 1996. The findings revealed:. 1. Investors are more likely to allow a stock to reach a large loss than they are to allow a stock to attain a large gain; they hold losers too long and sell winners too.
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When the best setups don't work, you don't go to the worst setups. you go to cash.
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I am Buddhist, but I have to say, the parody of The Last Supper during the opening ceremony at the Olympics was not just in poor taste. it was despicable and completely unnecessary (not to mention the threesome at the hotel scene). It was an insult to all people of faith
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Here are some of my personal rules for wealth creation.
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My top three trading rules: .1. Keep losses small. 2. Avoid big losses. 3. Don’t lose too much money.
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The goal during a bear market is not to make lots of money, it's to survive with your account intact so when the next bull arrives you can compound capital instead of just digging out of a hole. Amateur traders want too much too fast. They are impatient and lack that vision.
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Trading is risky. Life is risky. You must take some risks to get rewarded. But there is one huge risk you should avoid at all costs. That is, the risk of doing nothing. The brave do not live forever, but the overly cautious will never live at all.
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Do you want to know how and why starting with no virtually money and no education I've been able to earn tens of millions of dollars and perform year after year? Because when someone is more successful than me I don't troll them. I get a pad and pen and take notes.
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The crazy thing is. it's not just amateurs that go through this.👇
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Quote of the day: 40-years of trading has taught me that during volatile periods I should always let others fight for the hard pennies and wait for easy dollars.
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In my 55 years, I've learned something about life. If you take some hard steps and sacrifice & suffer a bit in the short term, you can lay the groundwork for an much better future for the long term. Or you can be lazy and take the easy road and suffer forever.
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In my personal trading, I'm down slightly for 2023 but waiting patiently for better conditions while holding high levels of cash; exercising what I'm best at. discipline.
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I've seen this type of market reset so many times in my career, it's like an old boring movie.
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7 trading rules that changed my life.1. Always use a stop loss.2. Keep losses small in relation to gains.3. Never add to a loser.4. Sit out as long as it takes for stocks to meet my buy criteria.5. Never let a good size gain turn into a loss .6. Never get bold when running cold.
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There's a lot of talk and worry about a recession. But the stock market is a discounting mechanism, and while there may be more to go on the downside, we are likely in the late innings. Just as it lead on the downside, the stock market will lead the economy on the upside.
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Don't give up on yourself. You have what it takes, but it takes time to develop as a trader.
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Would you like to know my personal secret to trading success and hear some blunt truth? 👇.4 decades ago - when I first started trading - I went 6 years without making a dime trading, and never once did I seriously entertain the thought of quitting OR changing strategy. I made.
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The longer I trade, the less I focus on or worry about what the indexes are doing. It's all about the stocks in my wheelhouse that meet my criteria. I have developed the patience to wait as long as it takes and the discipline to act on a moment's notice.
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As I've said a million times, to gauge the real "market" get off the indexes and look at individual stocks. 80% of S&P 500 stocks are down 10% or more and only 38% of NASDAQ stocks are above their 200-day moving averages. The correction has already been happening.
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I'm wrong on my trades just as often as I'm right. My long-term success is due to three things:.1. When I'm wrong, I change my position, even if my mind doesn't change. 2. I never stay wrong very long. 3. I make lots of errors, but I avoid the big errors.
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When I first started trading, I was bottom fishing stocks in downtrends. What I learned was. even bottom fishing "good" stocks is a terrible idea, because the only stock that is good is a stock that is going up. The rest are avoids.
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People will go to school for 8 years (or more) for a paycheck, but they get discouraged if they're not killing it in the stock market after only a few years. Make a champion commitment and you will have a chance at champion results.
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With the right knowledge, a willingness to succeed and a commitment not to give up, anyone with a working brain can do what I have done 👇 The key is to work at being great at something. You only need one strategy, so specialize, specialize, specialize.
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We did it! Twitter did the right thing and VERIFIED ME!!! . Thank you Twitter and thank you to EVERYONE who reached out to Twitter on my behalf. Blue check verified. 👍😇🏆😎
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The last time I was bullish on Gold was in 1993 when I loaded up on gold stocks just before they doubled in a few months. A few weeks ago, I told our members that it looks like institutional "smart" money is moving into gold. Today's big breakout suggests the same. Pic: news
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My secret to trading success comes down to one word. discipline. You can have knowledge, skill and even superior intellect, but if you don't have discipline all that means nothing. My advantages: .I execute my plan flawlessly .I don't skip steps.I never chase or go on tilt.
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Sunday advice for better trading results. Step 1. Stop buying dogshit stocks in downtrends hoping to pick up a bargain. Step 2. Buy the best names in the most powerful uptrends emerging from consolidation zones. Step 3. Cut your losses on the stocks that don't work as expected.
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A sharp pullback from a bear market rally only 14 days young is nothing new or surprising; it's classic. The surprising part was how well breakouts behaved recently. This is all part of the bottoming process. Our work suggest if we get another leg down it will likely be the last.
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If you want to turn your performance around, you must get to a point where you simply don't have time to be mediocre anymore. You must get sick and tired of being sick and tired. You have to make a decision once and for all and commit to the following. 1. No more big losses.2.
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A message to those who expressed concern about me on Twitter.
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I hate big losses. Nothing ruins my day more than big losses. And because of that, I use stops. And because I use stops, I've become massively wealthy from stock trading.
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I have a basic rule of thumb. when someone makes $millions more than me. I shut up and listen. Call me crazy. 🤪 But that's how I learned to be one of the ones making the millions. 😎.
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When I was poor I would spend my last few dollars on a book because I knew knowledge was power. Over the years I've spent what most people would think is a lot of money on books, but my return on investment has been over 1000X. Here are a few of my favorite non-trading books. 👇
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If you want to be a great trader, don't concentrate on performance. focus on sticking to sound rules. Can you religiously cut your losses, protect your profits, avoid extended risky stocks, avoid dog shit beaten up stocks, sit out as long as it takes
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With so many pops and drops in the market lately. I'm sure many could relate to this.
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The greatest traders have 6 key attributes:.1. They love their work.2. Consistentcy and risk control come first.3. Being disciplined is more important than being right.4. They always look to learn and improve.5. They specialize .6. They trust their process.
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Stock trading is a business, not a get rich quick scheme. Most get into trading thinking it's easier than it is. Becoming a highly successful trader requires a real commitment to learning just as if you were going to school to become a doctor or lawyer. Be patient with yourself.
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You can have knowledge, skill and even superior intellect, but without discipline - in trading - it all means nothing. My advantages are: .I execute my plan flawlessly .I don't skip steps.I never chase or go on tilt.I always cut my losses short.I never add to losing positions.
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When you make the decision to protect your capital, not your ego. To become a master of one thing, not be an amateur at many things. To forget about the money and the failures and focus on process. And to unconditionally commit and never quit, then your true potential can emerge.
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While some are arguing a bottom is forming in FANG and the $QQQ, I have the opposite outlook. Yes, we are at oversold levels and that will - at some point - fuel convincing snap back rallies. However, my analysis suggests a long term top and years of subsequent underperformance.
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My performance in January was about flat. During difficult periods my priority is capital preservation. Then when conditions improve, I'm compounding gains not compounding mistakes. The first rule for big performance is to not lose big.
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I am considering closing my Twitter account. I can't allow people to scam others under my good name. If you value my posts and want me to continue on Twitter, I need everyone who follows me to help stop these scammers and help me to get twitter to verify my account.
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Quote of the day: Being wrong is unavoidable. staying wrong is a choice.
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This rally has the look and feel of nothing more than a technical bounce. Before a reliable bottom can be established, we are likely to experience more volatility and a test or undercut of the recent lows. With that said, my focus (as always) is on individual stocks. Until stocks.
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I've realized that I'm not a rich person, I'm a person who got rich. As a young boy, at times we couldn't afford food! What I like most about being wealthy is not the cars, watches, boats and homes it can buy. it's going to the grocery store and not having to look at prices.
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To make my current position on the market perfectly clear and to those that like to speculate and twist what my tweets mean, here's the note to my clients released just minutes ago.
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Markets started the week on a very sour note with the VIX spiking above 60 yesterday on the open. This was the largest volatility surge since the Covid crises. The market is now very oversold and will likely bounce, but make no mistake. this is a very dangerous unsettled.
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I quit school at 8th grade. Teachers and "professionals" said I would never amount to anything. All those people earn less PER YEAR than I pay in taxes PER MONTH! Never believe a pessimist. You have far more potential than anyone can imagine, and more that even you can imagine.
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