Categories Trading tips
But out them 5 are incredible 👍
Which are also summary of his book.
Here are that five 5⃣ tweets 👇
Ignore the naysayers. They will always be here and they will always be skeptical of your dreams and try to discourage you. Success is the best revenge. And now I'll hear the excuses for my 2021 USIC performance as well. LOL! pic.twitter.com/2hziplVEzf— Mark Minervini (@markminervini) September 29, 2021
Rules I built a 38-year career on...— Mark Minervini (@markminervini) December 23, 2021
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
If you want to make great returns consistently and do it w/ minimal drawdown, you must get off the idea of being right or wrong and instead learn how to lose much less when you're wrong than you make when you're right. I'm wrong just as much as I'm right. That's why I use stops.— 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
A free FAILED BREAKOUT analysis for you - 🧵
A technical analysis term, used to show a rise in a stock’s price above its resistance level (such as its previous high price) or drop below its support level (commonly the last lowest price.)
The assumption is that the stock will continue to move in the same direction following the breakout, which generates a buy or sell signal.
Trading breakouts is an excellent trading strategy that involves buying or selling an asset after a long period of consolidation.
However, the biggest risk of trading a breakout is when the price suddenly reverses, in what is known as a false breakout. In this report, we will look at what a false breakout is, how you can identify it, and how you can use it in the market.
Let's look at plenty of False Breakout Examples ⚡️
1. #INFIBEAM ⚡️
We saw a top out pattern, interesting part is the candle that gave a top was a heavy buying candle. No follow-up and stock is down nearly 30%.