Out of all the techniques and skills you need to learn to trade super successfully, top of the list is the patience and discipline to sit out and wait for proper conditions to develop. Then just the opposite; the willingness to put the pedal to floor when conditions are right.
More from Mark Minervini
Oil, copper and other commodities came under heavy selling pressure today and that's a good thing because it's mounting evidence that inflation may be peaking.
Positive signs on inflation include fertilizer prices peaking and trending downward. Used Car prices are also down (which led inflation). The recent price break on the $XLE - which emerged almost to the day the market topped, could be an indication that we are close to a low. pic.twitter.com/2MtcKjjmAz
— Mark Minervini (@markminervini) June 23, 2022