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Some important quotes by Jesse Livermore... pic.twitter.com/UklL86oTvb
— Mark Minervini (@markminervini) June 16, 2021
Some important quotes by Jesse Livermore... pic.twitter.com/UklL86oTvb
— Mark Minervini (@markminervini) June 16, 2021
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!
— Mark Minervini (@markminervini) April 26, 2021
A few key decisions early in my trading career and my financial life completely changed for the better in just a few years.
— Mark Minervini (@markminervini) June 13, 2021
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
Only losers discourage dreamers. Only those who never achieved big things discourage those attempting to achieve big things. Only those who think small discourage those who think big. Never believe discourages. The have no credibility! Believe winners. Believe in YOU! \U0001f447 pic.twitter.com/JdAhRy3lRJ
— Mark Minervini (@markminervini) June 14, 2021
With so many pops and drops in the market lately... I'm sure many could relate to this... pic.twitter.com/0bQ1WF8zkp
— Mark Minervini (@markminervini) May 6, 2021
My top trading rules...
— Mark Minervini (@markminervini) July 5, 2021
1. Cut all losses short.
2. Never average down on a loss.
3. Only get aggressive when my trades are working.
4. Never let a good size gain turn into a loss.
5. Always get odds on your money.
Here's some trading rules to increase your returns and lower your risk. These are the very rules I use every day. Try it and get back to me. pic.twitter.com/UNVqyX17AP
— Mark Minervini (@markminervini) June 21, 2021
— Mark Minervini (@markminervini) June 9, 2021
The grand majority of your problems trading will stem from breaking the following rules... pic.twitter.com/EVek8G6hDZ
— Mark Minervini (@markminervini) May 26, 2021
You gain 100% and lose 50% 10 times, you break even. You gain 10% and lose 5% 10 times, you make 71.64%. The key to big returns is optimal math, not the biggest wins. pic.twitter.com/FShPKSI5d2
— Mark Minervini (@markminervini) April 29, 2021
Some important advice and keys to my success:
— Mark Minervini (@markminervini) August 26, 2021
1. Don't force trades - wait for proper stocks setups. How long? As long as it takes!
2. Only buy in the direction of the trade.
3. Only get aggressive when trades are working well; scale back when their not.
5. Never add to losers.
4 keys to my success:
— Mark Minervini (@markminervini) May 12, 2021
1. I wait for easy dollars while the amateurs fight for hard pennies.
2. I get aggressive when amateurs doubt the setups.
3. I take profits when amateurs get greedy and hysterical.
4. I religiously manage my risk while amateurs hold losers. pic.twitter.com/ArLX8pfvZH
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.
— Mark Minervini (@markminervini) May 21, 2021
This formula is so important and so powerful, I Tweet it regularly. It is literally what I attribute my success to in all aspects of my life. A timeless and universal process. pic.twitter.com/XIkHSrGWDr
— Mark Minervini (@markminervini) August 30, 2021
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.
— Mark Minervini (@markminervini) May 23, 2021
Let's assume you make 200% on your money over 4 years during a bull market (a respectable 32% per per year). In year 5 you fail to avoid a bear market decline and you give back 50%. Your 5-year return is now just a little over 8% per year. Not even worth taking stock risk. pic.twitter.com/XaYx31xeYG
— Mark Minervini (@markminervini) September 15, 2021
I have a basic rule of thumb... when someone makes $millions more than me... I shut up and listen. Call me crazy. \U0001f92a But that's how I learned to be one of the ones making the millions. \U0001f60e
— Mark Minervini (@markminervini) July 20, 2021
I dedicated 37 years to learning and perfecting the craft of stock trading. If there was a way around risk management, I probably would have found it. PhDs, Nobel prize winners and geniuses haven't been able to do it. Your losses must be managed smaller than your gains.. period.
— Mark Minervini (@markminervini) July 5, 2021
I love when breakouts don't work for a while and the crowd starts saying buying breakouts is a strategy of the past and they give up on it. It eliminates the noise and then it works like a charm. Been doing the same thing successfully for more than 3 decades. How? Discipline! pic.twitter.com/9WwIolOzEM
— Mark Minervini (@markminervini) June 15, 2021
One of the big misconceptions in sports, business, trading and in life... is that practice makes perfect. Wrong! Practice makes habit. If you are practicing incorrectly... practice will just engrain bad habits. Only perfect practice makes perfect.
— Mark Minervini (@markminervini) July 21, 2021
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5
@MiteshFan @Mitesh_Engr @Abhishekkar_ MY TRADING SETUP .... I've been using it for a long time .. result good try it \U0001f607 pic.twitter.com/XThUD0ftbl
— itrade(DJ) (@ITRADE191) June 13, 2020
Volume Should always be above 20 pic.twitter.com/CPgxLgpPKF
— itrade(DJ) (@ITRADE191) June 13, 2020
— itrade(DJ) (@ITRADE191) August 25, 2020
— itrade(DJ) (@ITRADE191) October 20, 2020
The story doesn\u2019t say you were told not to... it says you did so without approval and they tried to obfuscate what you found. Is that true?
— Sarah Frier (@sarahfrier) November 15, 2018