Yesterday's rally was strong but so are most oversold technical bounces. Some of the biggest up days occur during corrections. After the market comes under distribution I generally ignore the first rally and wait to see if it fails in coming days. Holding my shorts with stops.
More from Mark Minervini
The word is sacrifice. You are not going to be the best at day trading, swing, value and growth investing. It will be amazing if you can master just one. And you only need one. So pick one and sacrifice the rest! There is no other way unless you want to suck at a bunch of things.
What is the single unavoidable thing you must do to be the best or great at one thing? One word?
— Mark Minervini (@markminervini) April 14, 2021