2:59 Start 5:06 3 Keys for Super performance 7:23 Rule 1 Concentrate 12:45 Rule 2 Turn Over your Portfolio 18:37 Rule 3 Time your trade 20:46 VCP setup 23:16 David Comments 25:20 Rule 4 Manage Risk Reward relationship 31:24 Approach every trade “Risk First” 33:03 No Big Loses No Forced Trades 37:53 Rule 5 Trade Directionally 47:52 Rule 6 Build on Success 55:05 Rule 7 Protect Your Breakeven Point ASAP 58:40 Order of Priorities 1:01:12 Holding a super performance 1:04:44 When does this work. Correction to Bull Market 1:06:20 Rule 8 Sell into Strength 1:15:25 Rule 9 Conduct Post Analysis REGULARLY 1:23:50 Rule 10 Avoid style Drift 1:25:28 Responsibility Action Believe in yourself Rules are to be followed 1:29:10 Q & A How to Screen 1:29:52 Volume on Buy Decision 1:31:18 Indicators 1:32:20 Market Condition 1:34:35 VCP 1:35:31 Scaling In 1:37:32 Whipsaw Environment buy on pullbacks
If you're not working for a firm and just learning on your own without specific guidance and mentorship, I wouldn't expect to be profitable within 3 years. I saw a brokerage review today that said 69-83% of its client accounts go bust.
@@morehn yeah I don't expect to be profitable before 3 years but I wonder if I have it in me to fail my way forward for a whole 7 years. I guess only time will tell
@@bagholderwithaplan I had it in me to fail for 19 years. You'll be alright. Don't worry about it. Truth is, you need to really know what kind of irrational decisions you are likely to make with your money. If you lose money, do you close your eyes and pray? If you make, do you celebrate before you close the deal? Are you anxious with money? Are you deliberate in assessing a trading position? Do you like to analyze? If it goes against you, but you still believe in your analysis, do you sell? Buy more? The answers should guide the best strategy suitable for you. If you answer them in a reply comment, I can try and help guide you. Whatever you answer will get you the best strategy for you. Doesn't matter if you think it's a good or bad answer. You just need a methodology that fits your way of thinking and is well suited for your insecurities.
@@morehn If you lose money, do you close your eyes and pray? I usually sell too soon when I lose money If you make, do you celebrate before you close the deal? I have multiple profit targets. I usually don't celebrate when I hit my first target but I celebrate when the stock goes through my second target and I'm able to ride a massive trend up with a1/4 position Are you anxious with money? I'm currently trading with a small portion of my current account balance so my anxiety with money has reduced. Are you deliberate in assessing a trading position? Yup, I do all my analysis the night before and I've done a pretty good job of not making impulsive trades in the last 4 months Do you like to analyze? I like to analyze. If it goes against you, but you still believe in your analysis, do you sell? Buy more? I haven't traded long enough to believe in my analysis even when a trade goes against me so I usually sell. I'm working on this though. My past trades have taught me that I'm much better off respecting my original stop loss rather than exiting the position prematurely
@@bagholderwithaplan it sounds to me that if you learn the price volume relationship and what's called the market structure, you'll be well suited to buy stocks as they are nearing their turning points and the buying along the bottom, where your mentally prepared in advance for it to go a little lower and you'll buy more. I wouldn't be buying breakouts if I were you. I would recommend studying the Wyckoff trading method and Volume Spread Analysis, VSA. The trouble with buying breakouts is that once it breaks out, your perspective becomes that you're either right or wrong, it's black and white, which really can mess around with your thinking if that doesn't suit you well. Wyckoff and the volume spread analysis has more room for error, creativity, fewer ironclad rules, and you feel like you're buying with a comfortable amount of room for error. I trade based on Wyckoff and VSA but I also study market structure and investors business daily cup and handle type formations and stuff, but that's really just additional commentary when it comes to my method. I find that if I were just buying breakouts I wouldn't do too well. Wyckoff and VSA should be your next projects to study. These are my opinions, you can see if you like the concepts.
Its for stock trading for investment. Currency hardly devaluate. And can't increase easily coz it's controlled by government import export and forex reserve.
Thank you Mark and David for posting this webinar and always educating. You are both great in your field and I feel privileged to learn from your knowledge and teachings. Even though this webinar is from 8 years ago, it is timeless! Thank you again.
10:50 for me- David, 12:00 - MM - pyramid quickly- few days, 25:30 real batting avg, 29: 20 loss mgmt formulae, 49:00 fresh run 5%- 10%, build small profit cushion first, then scale up rapidly 50%, 54:50 prefer small and mid-cap, 56:00 moving some stop up to avg gain, when 2-3 times risk is hit and sell some, 59:00 avg stop loss ~3.4%, 1:04:30 sell some, 1:06:00 sell into strength, 1:11:00 David sell overextended but maintain next base to buy more, 1:13:00 vanishing gains, 1:39:30 whipsaw market- buy mainly pullback and bounce
This video is the reason I was able to make 17% gains this past week (while the market ended down 1%) Nov 11-20, 2020. It might be 5 years old but it really is a game changer.
I have been studying historical charts for a couple months now and I must say... it feels so good to realize that observations that I have been making (but lacking in confidence to reference as fact) follow the same principles you employ. This confirms that, although I have yet a lot to learn and much that I do not know, I am on the right track. Thank you Mark and David for releasing your knowledge onto the world. Although the information is of an older date... it is certainly NOT outdated.
I have bought four of your books( MINDSET SECREST FOR WINNING, TRADE LIKE A STOCK MARKET WIZARD, THINK AND TRADE LIKE A CHAMPION, MOMENTUM MASTERS). It is very good
5:05 3 keys for superperformance 7:20 Concentrate (FOCUS on the BEST names) 12:45 Turn over your portfolio 18:40 *Time is money* 27:25 Where to cut your loss 33:00 *No big losses; No forced trades* 55:00 Never let a decent size gain turn into a loss 1:03:30 Using the 50 DMA to hold a stock longer term 1:09:00 *Selling (half) into strength* 1:15:25 Conduct post-analysis regularly 1:31:15 Indicators (price and vol relative to 50 DMA) 1:34:30 VCP vs flat base 1:38:10 Sit out power; when to buy on pullbacks
Hi I read Mark Minervini book,I have some selling question The following selling rules all need to calculate days, but how to calculate them? 1.70% up days over a 7 to 15 day period 2.AFTER extended move stock moves up 25-50% in 1-3 weeks (12 of 15 days up over 3 weeks) 3.6-10 days of accelerated advance with all but 2 or 3 days up
Thanks alot sir I really appreciate your help with this video, I became successful in the online trading market because I decided to do my homework and not enter the market as a novice Thanks to your mentoring program Mr Romero pieto.
Mr Romero pieto trades on my behalf due to my tight schedules and he is indeed absolutely doing great, in my recent investment of $15,000 he gave me my ROI of $63,000 in a period of two weeks of trading isn't that amazing.
When it comes to consistent profiting I only know of one man called Mr Romero pieto ever since I started investing with him he has indeed been a great blessing to me and my family.
Jessie Willians Am from England 🏴 and am also a newbie in the online Trading market so please how can I get hold of Mr pieto and his trading services ?
Saw this reposted on your Twitter feed a bit back and really really learned a lot from this. I only wish I had listened to it earlier this year as it’s principles and Rules would have saved me thousands. Nothing like losing money in a bull market to make you realize you know nothing 🤦♂️. Thank you for all you and David do.
@@bharatdubey8738 he suggests 4-5 stocks for best results and focus. Sell when stock move up too fast in a day or two. Buy his book "think and trade like a champion". He explain most of this. If you can't join his group then all you need is his books and follow him on Twitter, as he is really active on there.
Mark I have followed you, read your books and after watching this it all just clicked. I now get it enough to better increase my performance and look forward to continuing to learn from you. Thank you!
@@jamescomm2647 I do make all my trades with Mr Dean Larsen Wilson, he handles my investment/trade capital on my behalf using his high trading strategy and experience in maximizing profits.
Your wrong the audio is not correct, the main speaker is a little quiet and the second speaker is quite loud possibly because I had to put speaker on max to I can hear the main speaker.
My sincere thanks, You are my eye opener. You presented and made me understand such important things, so easily. This will work as very valuable guide to me.
Thank you for this. Rewarding listen for a person that uses very similar trades and framework you guys speak of in this video. A few years old, but spot-on for 2021 the like.
After a year of following Mark, I've begun to read his first book very closely. He says his Trend Template and filters for earnings, sales and margin growth, relative strength and price volatility eliminate 95% of the names from his first pass screens. For the remaining names, he begins a close investigation of fundamentals, kinship with Super Performers, and entry patterns. My question: how does one efficently incorporate all that Mark goes through at this stage to arrive at potential trades? He views his teachings as transferable. Look at the The Five Key Elements of SEPA (Specific Entry Point Analysis) that begins on page 32 of the Kindle version of Trade Like a Stock Market Wizard. The entry point analysis is a huge sequence / compendium of detailed financial analysis. How can one convert and integrate that even in a year's time? He's brilliant and intriguing to read. But how does one replicate and master what appears to be the decisive second leg of his process. He encompasses a huge swath of idiosyncratic analysis as he goes from Trend Template and preliminary filters to names to buy.
This video teaches lessons not just for the stock market but also for living life in general. "Self Confidence is the key and 50% selling is a psychological relief on both sides of the trade" Thanks for being so generous in sharing such precious wisdom.
Having struggled with series of reoccurring losses as a newbie trying to find good footing in the market, honestly I think it’s general necessity to get invested under a professional trader. If I’m correct, it’ll reduce the chances of risk
It’s incredible how much success one stands to attain with professional assistance, with professional assistance from an expert funds manager Mr Ronald Furey. I owe all my success to his contributions in my swift and consistent profit returns
@@ux4kv3yb2t He provides an investment management service where he handles my trading analysis and executed trades using his superior expertise giving me a much better standpoint and chance of earning colossal profit returns. His ability to create strategies that works in accordance with the market trends is something that comes easy to him and I’m glad I took advantage of that
Nishit Mehta what’s your average percentage gain over the last year? Around 15%? Take half profits there and let the rest ride for a bigger profit. If it turns back down to around say, 5%, sell the rest. If it goes up more than 15% use a trailing stop.
Excellent content ! Thanks a ton Mark. This compliments very well to the learning from the books. One observation though. For some funny reason, YT is not allowing to click on the "Bell" icon. Any idea how that can be overcome? It would help to get notified whenever Mark releases any fresh videos.
It means 5% of the stock price. If you're taking a long position and buying a stock at $100, you would set your stop loss at $95.00, which is $5.00 (5%) below the price you bought it at, since 100 x 0.05 = 5. That means if the stock dropped to $95.00, you will be automatically stopped out of the trade, and would have lost $5.00 per share. If you bought 200 shares, your risk per share is $5.00, and you would lose a total of $1000 on the trade if it didn't go your way. Many traders go by the rule of never risking more than 1- 2% of their account size per trade, so if your total account size is $30,000, you wouldn't want to risk more than $600 (2%) on any one trade. If your account size is $5000, you wouldn't want to risk any more than $100 (2%) on any trade. This helps you to determine how many shares to buy per trade. Note: if you have a lower account size, or you are more risk aversive, you may want to lean towards 1% of your account size. You could have multiple trades in play, with each trade no more than 1-2% of the total account size. So, using the above example, if the price per share is $100, and your stop loss is 5%, you are risking $5.00/share. If your account size is $30,000, you could buy 120 shares at $100 each for a total investment of $12,000 since $600 (2% of account size) ÷ $5.00 (risk per share) = 120. Using the 1% rule, if your account size is $5000, you could buy 10 shares for a total investment of $1000 since $50 (1% of account size) ÷ 5 (risk per share) = 10. 2% of account size: $30,000 × 0.02 = $600 $600 ÷ $5.00 = 120 Total loss (risk) could be $600: 120 shares x $5.00/ share = $600 Total investment: $100/share x 120 shares = $12,000 1% of account size: $5000 x 0.01 = $50 $50 ÷ $5.00 = 10 Total loss (risk) could be $50: 10 shares x $5.00/share = $50.00 Total investment: $100.00/share x 10 shares = $1000
It means 8% of the stock price. If you're taking a long position and buying a stock at $100, you would set your stop loss at $92.00, which is $8.00 below the price you bought it at, since 100 x 0.08 = 8. That means if the stock dropped to $92.00, you will be automatically stopped out of the trade, and would have lost $8.00 per share. If you bought 200 shares, your risk per share is $8.00, and you would lose a total of $1600 on the trade if it didn't go your way. Many traders go by the rule of never risking more than 2% of their account size per trade, so if your total account size is $30,000, you wouldn't want to risk more than $600 on any one trade. If your account size is $5000, you wouldn't want to risk any more than $100 on any trade. This helps you to determine how many shares to buy per trade. So, using the above example, if your stop loss is 8%, you are risking $8.00/share. If your account size is $30,000, you could buy 75 shares at $100 each for a total investment of $7500 since 600 (2% of account size) ÷ 8 (risk per share) = 75. If your account size is $5000, you could buy 12 shares for a total investment of $1200 since 100 (2% of account size) ÷ 8 (risk per share) = 12.5 (round down to 12). $30,000 × 0.02 = $600 $600 ÷ $8.00 = 75 Total loss could be $600: 75 x $8.00 = $600 $5000 x 0.02 = $100 $100 ÷ $8.00 = 12.5 (round down to 12) Total loss could be $96: 12 x $8.00 = $96.00
I'm confused because it sounds like financial advice, yet you don't seem to have slightest fucking clue what you are talking about. You don't warn the audience that historic return isn't representative of future performance. Meaning you're not even a financial advisor. I mean… If you're a fiduciary you should delete this video 5 years ago, but you're not. I won't even bother to look it up. Even with an MBA from Syria you don't spew this kind of purely fictional bullshit. I see you have a website. I will click the link with the assumption that you don't sell anything. Because if you do I will have to bother reporting you to the FTC. Shame on you.
"Conventional wisdom will get you conventional returns." Fabulous quote! If a person is looking for conventional returns, put that money in an index fund.
Priceless!! Thank you Mark. Looking forward to learn more from you.
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Ultimate presentation. It's an eye opener 🙂
@@noiba33 aaaaaa
Just watched this again. Invaluable as always.
Me too. I keep watching this over and over. Seems like i pick up on something subtle, but important, each time.
2:59 Start
5:06 3 Keys for Super
performance
7:23 Rule 1 Concentrate
12:45 Rule 2 Turn Over your
Portfolio
18:37 Rule 3 Time your trade
20:46 VCP setup
23:16 David Comments
25:20 Rule 4 Manage Risk
Reward relationship
31:24 Approach every
trade
“Risk First”
33:03 No Big Loses
No Forced Trades
37:53 Rule 5 Trade
Directionally
47:52 Rule 6 Build on Success
55:05 Rule 7 Protect Your
Breakeven Point ASAP
58:40 Order of Priorities
1:01:12 Holding a
super performance
1:04:44 When does this work.
Correction to Bull Market
1:06:20 Rule 8 Sell into Strength
1:15:25 Rule 9 Conduct Post
Analysis REGULARLY
1:23:50 Rule 10 Avoid style Drift
1:25:28 Responsibility Action
Believe in yourself
Rules are to be followed
1:29:10 Q & A
How to Screen
1:29:52 Volume on Buy Decision
1:31:18 Indicators
1:32:20 Market Condition
1:34:35 VCP
1:35:31 Scaling In
1:37:32 Whipsaw Environment
buy on pullbacks
Thanks for this index, great help!
This bit about personal epiphanies is absolutely spot on. And what a great feeling it is.
Wow! I took some Golden Nuggets out of that! Even a 5 year old discussion! Solid base trading information. Thanks!
Hi Mark and Dave, I have a question according to you what is good volume ?
Two OGs having a conversation 😮
im your diehard fan
Dang, 7 years before becoming profitable??? and Here I was wanting to quit after 3 months of frustration lol. Glad I didn't
If you're not working for a firm and just learning on your own without specific guidance and mentorship, I wouldn't expect to be profitable within 3 years.
I saw a brokerage review today that said 69-83% of its client accounts go bust.
@@morehn yeah I don't expect to be profitable before 3 years but I wonder if I have it in me to fail my way forward for a whole 7 years. I guess only time will tell
@@bagholderwithaplan I had it in me to fail for 19 years. You'll be alright. Don't worry about it.
Truth is, you need to really know what kind of irrational decisions you are likely to make with your money.
If you lose money, do you close your eyes and pray?
If you make, do you celebrate before you close the deal?
Are you anxious with money?
Are you deliberate in assessing a trading position?
Do you like to analyze?
If it goes against you, but you still believe in your analysis, do you sell? Buy more?
The answers should guide the best strategy suitable for you.
If you answer them in a reply comment, I can try and help guide you.
Whatever you answer will get you the best strategy for you. Doesn't matter if you think it's a good or bad answer. You just need a methodology that fits your way of thinking and is well suited for your insecurities.
@@morehn
If you lose money, do you close your eyes and pray? I usually sell too soon when I lose money
If you make, do you celebrate before you close the deal? I have multiple profit targets. I usually don't celebrate when I hit my first target but I celebrate when the stock goes through my second target and I'm able to ride a massive trend up with a1/4 position
Are you anxious with money? I'm currently trading with a small portion of my current account balance so my anxiety with money has reduced.
Are you deliberate in assessing a trading position? Yup, I do all my analysis the night before and I've done a pretty good job of not making impulsive trades in the last 4 months
Do you like to analyze? I like to analyze.
If it goes against you, but you still believe in your analysis, do you sell? Buy more? I haven't traded long enough to believe in my analysis even when a trade goes against me so I usually sell. I'm working on this though. My past trades have taught me that I'm much better off respecting my original stop loss rather than exiting the position prematurely
@@bagholderwithaplan it sounds to me that if you learn the price volume relationship and what's called the market structure, you'll be well suited to buy stocks as they are nearing their turning points and the buying along the bottom, where your mentally prepared in advance for it to go a little lower and you'll buy more.
I wouldn't be buying breakouts if I were you.
I would recommend studying the Wyckoff trading method and Volume Spread Analysis, VSA.
The trouble with buying breakouts is that once it breaks out, your perspective becomes that you're either right or wrong, it's black and white, which really can mess around with your thinking if that doesn't suit you well.
Wyckoff and the volume spread analysis has more room for error, creativity, fewer ironclad rules, and you feel like you're buying with a comfortable amount of room for error.
I trade based on Wyckoff and VSA but I also study market structure and investors business daily cup and handle type formations and stuff, but that's really just additional commentary when it comes to my method. I find that if I were just buying breakouts I wouldn't do too well.
Wyckoff and VSA should be your next projects to study.
These are my opinions, you can see if you like the concepts.
Can this strategy work for a Forex Market? Hoping for your opinion. Thanks
Its for stock trading for investment. Currency hardly devaluate. And can't increase easily coz it's controlled by government import export and forex reserve.
Yes, but in stocks is easier
@@rafaelosorio2251 this strategy also applies in forex. Im trading forex using it and its doing a very good job..
@@handryphindela what kind of returns on average does forex produce per year In your experience?
Thank you Mark and David for posting this webinar and always educating. You are both great in your field and I feel privileged to learn from your knowledge and teachings. Even though this webinar is from 8 years ago, it is timeless! Thank you again.
I just finish reading "Momentum Masters: A Roundtable Interview with Super Traders" , it is an excellent book to read.
I read it too..gr8 book.
I have it
10:50 for me- David, 12:00 - MM - pyramid quickly- few days, 25:30 real batting avg, 29: 20 loss mgmt formulae, 49:00 fresh run 5%- 10%, build small profit cushion first, then scale up rapidly 50%, 54:50 prefer small and mid-cap, 56:00 moving some stop up to avg gain, when 2-3 times risk is hit and sell some, 59:00 avg stop loss ~3.4%, 1:04:30 sell some, 1:06:00 sell into strength, 1:11:00 David sell overextended but maintain next base to buy more, 1:13:00 vanishing gains, 1:39:30 whipsaw market- buy mainly pullback and bounce
Kgupta thanks much for this breakdown. Very helpful!
@@ttraderjim actually both have very different styles and should not be interviewed together
@@kgupta2205 Nevertheless, I appreciate your efforts!
This is really generous sharing of knowledge and wisdom. Thanks so much for posting the video.🙏
The super-quality technical review is worth listening to, but David’s radio is really too loud~"~
I love re-watching this every few months or so! Thank you mark!
same here
me too i watch this like every 2 months @@lthlongcd
That's it! Im watching this webinar in full every other day until I have figured this thing out 😵💫
I been trading for 10 years this is probably the most important video .... I have ever watched. I have watch a lot of videos
This video is the reason I was able to make 17% gains this past week (while the market ended down 1%) Nov 11-20, 2020. It might be 5 years old but it really is a game changer.
Celebrate with club in vegas
@@keertheshm8082 😆
I have been studying historical charts for a couple months now and I must say... it feels so good to realize that observations that I have been making (but lacking in confidence to reference as fact) follow the same principles you employ. This confirms that, although I have yet a lot to learn and much that I do not know, I am on the right track.
Thank you Mark and David for releasing your knowledge onto the world. Although the information is of an older date... it is certainly NOT outdated.
42:45 i just made this mistake few days ago,today i sold that on loss , admitting my mistake.i feel great learning this now
One of the best trader of all time !
You and David are my best teacher.
Yes, I think these guys are my best teachers too
"You have the ability to do serious damage to yourself today"...I like it!
Notes:
Rule #1 07:27
Rule #2 12:46
Rule #3 18:36
Rule #4 27:22
Rule #5 37:55
Rule #6 47:52
Rule #7 55:06
Rule #8 1:05:57
Rule #9 1:15:26
Rule #10 1:23:49
Thank you for posting this!!
can u also add the rule(s) to the time hacks.
Selling half 1:09:35 ''either way you are right''.
Boy, what a relief!
I have bought four of your books( MINDSET SECREST FOR WINNING, TRADE LIKE A STOCK MARKET WIZARD, THINK AND TRADE LIKE A CHAMPION, MOMENTUM MASTERS). It is very good
5:05 3 keys for superperformance
7:20 Concentrate (FOCUS on the BEST names)
12:45 Turn over your portfolio
18:40 *Time is money*
27:25 Where to cut your loss
33:00 *No big losses; No forced trades*
55:00 Never let a decent size gain turn into a loss
1:03:30 Using the 50 DMA to hold a stock longer term
1:09:00 *Selling (half) into strength*
1:15:25 Conduct post-analysis regularly
1:31:15 Indicators (price and vol relative to 50 DMA)
1:34:30 VCP vs flat base
1:38:10 Sit out power; when to buy on pullbacks
Thank you.
Great listening and slides! This was delivered before the “Think and Trade like a Champion“! was published. Book is amazing
Hi I read Mark Minervini book,I have some selling question
The following selling rules all need to calculate days, but how to calculate them?
1.70% up days over a 7 to 15 day period
2.AFTER extended move stock moves up 25-50% in 1-3 weeks (12 of 15 days up over 3 weeks)
3.6-10 days of accelerated advance with all but 2 or 3 days up
This video is a treasure. No wonder 95% of traders lose money. Only 148k views, maybe 5x coming from me already😁
Thanks alot sir I really appreciate your help with this video, I became successful in the online trading market because I decided to do my homework and not enter the market as a novice Thanks to your mentoring program Mr Romero pieto.
His trade execution quality and profiting is well structured with great financial features.
Mr Romero pieto trades on my behalf due to my tight schedules and he is indeed absolutely doing great, in my recent investment of $15,000 he gave me my ROI of $63,000 in a period of two weeks of trading isn't that amazing.
Great content sir.
When it comes to consistent profiting I only know of one man called Mr Romero pieto ever since I started investing with him he has indeed been a great blessing to me and my family.
Jessie Willians Am from England 🏴 and am also a newbie in the online Trading market so please how can I get hold of Mr pieto and his trading services ?
Mark: sell half
Me: I can only afford 1
Saw this reposted on your Twitter feed a bit back and really really learned a lot from this. I only wish I had listened to it earlier this year as it’s principles and Rules would have saved me thousands. Nothing like losing money in a bull market to make you realize you know nothing 🤦♂️. Thank you for all you and David do.
I couldn’t agree more:)
I love it when Mark says "you do want to suffer a huge gain though".
Amazing webinar. Great learning and very helpful. Thank you so much 😊
Thank You Mark!
I've read your first book 3 times and just finished your second book. I'm saving money and one day will join your team.
Can u guide me whats his max holding period ?
And how many stocks he hold in his portfolio at a time?
@@bharatdubey8738 he suggests 4-5 stocks for best results and focus. Sell when stock move up too fast in a day or two. Buy his book "think and trade like a champion". He explain most of this. If you can't join his group then all you need is his books and follow him on Twitter, as he is really active on there.
@@bharatdubey8738 check out "Traders Reality" RUclips channel. This man has a different perspective to trading
The one thing I don't understand is if you sell strength, then why not buy into weakness?
he is spitting golden nuggets out of his mouth guys! Thanks Mark
Mark I have followed you, read your books and after watching this it all just clicked. I now get it enough to better increase my performance and look forward to continuing to learn from you. Thank you!
Hi I want you to review my platform post on your RUclips channel
my idol. thanks so much.
Great content indeed, Mark Minervni and Mr Dean Larsen Wilson are the two traders i am pretty sure of their tactics till date.
I have been seeing good reviews on Dean Larsen Wilson.
I am pretty much a newbie in trading and lately i have been losing so much, How do y'all go about your trades?
@@jamescomm2647 I do make all my trades with Mr Dean Larsen Wilson, he handles my investment/trade capital on my behalf using his high trading strategy and experience in maximizing profits.
Robert, That sounds pretty nice, How do i speak to Mr Dean then?
@@jamescomm2647 You can speak to Mr Dean Larsen Wilson through his mail at (Deanlarsenwilson@gmail.com)
Your wrong the audio is not correct, the main speaker is a little quiet and the second speaker is quite loud possibly because I had to put speaker on max to I can hear the main speaker.
man, you saved me and my trading process. your perspective on trading is super helpful. thank you so much
My sincere thanks, You are my eye opener. You presented and made me understand such important things, so easily. This will work as very valuable guide to me.
holy fuck, Dave's mic is egregious
This content is heaven to me! I'm pumped up!😁
Thank you for this. Rewarding listen for a person that uses very similar trades and framework you guys speak of in this video. A few years old, but spot-on for 2021 the like.
Thanks for the great video. Do you still buy a stock that breaks out from VCP pattern and overvalued in price?
After a year of following Mark, I've begun to read his first book very closely. He says his Trend Template and filters for earnings, sales and margin growth, relative strength and price volatility eliminate 95% of the names from his first pass screens. For the remaining names, he begins a close investigation of fundamentals, kinship with Super Performers, and entry patterns. My question: how does one efficently incorporate all that Mark goes through at this stage to arrive at potential trades? He views his teachings as transferable. Look at the The Five Key Elements of SEPA (Specific Entry Point Analysis) that begins on page 32 of the Kindle version of Trade Like a Stock Market Wizard. The entry point analysis is a huge sequence / compendium of detailed financial analysis. How can one convert and integrate that even in a year's time? He's brilliant and intriguing to read. But how does one replicate and master what appears to be the decisive second leg of his process. He encompasses a huge swath of idiosyncratic analysis as he goes from Trend Template and preliminary filters to names to buy.
Awesome webinar! Thanks for making and sharing.
What if I told you that this video contains almost all of the most important things you need to be a profitable trader?
This video teaches lessons not just for the stock market but also for living life in general. "Self Confidence is the key and 50% selling is a psychological relief on both sides of the trade"
Thanks for being so generous in sharing such precious wisdom.
Wow thanks mark, why did I found this so late now, you're my guru after boy plunger, thanks a lot!
great sensible approach but video is 8 years old - would love to see some new videos from you, sir!
hahaa just started trading it took me 3 months to find this channel lol I should consider another profession
excellent episode. +1sub ! im so mad now by the 'diamond hands' bs that was preached to me before i learned from top traders
46:30
49:00
57:00 Never give up a decent gain.
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⚔️🛡️Universal treasure 🛡️⚔️
How do I get good in trading,, when a trade comes once in a year? I guess that's what they mean you need a decade to be good in trading?
Mark is the Savant…!😮
Love to see "another seminar about technical" from the 2 great wizards. Hope to get it soon...
Having struggled with series of reoccurring losses as a newbie trying to find good footing in the market, honestly I think it’s general necessity to get invested under a professional trader. If I’m correct, it’ll reduce the chances of risk
It’s incredible how much success one stands to attain with professional assistance, with professional assistance from an expert funds manager Mr Ronald Furey. I owe all my success to his contributions in my swift and consistent profit returns
@@Keelansteele001 How do you run your trades with your fund manager?
@@ux4kv3yb2t He provides an investment management service where he handles my trading analysis and executed trades using his superior expertise giving me a much better standpoint and chance of earning colossal profit returns. His ability to create strategies that works in accordance with the market trends is something that comes easy to him and I’m glad I took advantage of that
@@Keelansteele001 So I’m guessing Ronald Furey has lots of other clients under his management right? how can I get in contact with him??
@@ux4kv3yb2t He’s got hundreds invested under him and manages up to 30 million in invested assets. He’s available for communication via what- s -app
Mark how do you find those set ups?
One of the best trading videos I've watched. Will be looking into your services Mark
I am still struggling with the sell rules...I still need to figure out if I want to hold for 30-40% moves or want to take 15% profit
Nishit Mehta what’s your average percentage gain over the last year? Around 15%? Take half profits there and let the rest ride for a bigger profit. If it turns back down to around say, 5%, sell the rest. If it goes up more than 15% use a trailing stop.
You not after super performance? We talking triple digit gainz here son
Thank you mark
I.hope I can go some day to know in person to Mark and David
Excellent content ! Thanks a ton Mark. This compliments very well to the learning from the books. One observation though. For some funny reason, YT is not allowing to click on the "Bell" icon. Any idea how that can be overcome? It would help to get notified whenever Mark releases any fresh videos.
Anyone succeeded after listening to this.hit like bros
So lucky to have guys like you teaching the markets, Love your new book Trade & Think Like A Stock Market Champion.
what does he mean by 5% position? 5% stop loss risk or 5% of total capital in an equity position?
It means 5% of the stock price. If you're taking a long position and buying a stock at $100, you would set your stop loss at $95.00, which is $5.00 (5%) below the price you bought it at, since 100 x 0.05 = 5. That means if the stock dropped to $95.00, you will be automatically stopped out of the trade, and would have lost $5.00 per share. If you bought 200 shares, your risk per share is $5.00, and you would lose a total of $1000 on the trade if it didn't go your way.
Many traders go by the rule of never risking more than 1- 2% of their account size per trade, so if your total account size is $30,000, you wouldn't want to risk more than $600 (2%) on any one trade. If your account size is $5000, you wouldn't want to risk any more than $100 (2%) on any trade. This helps you to determine how many shares to buy per trade. Note: if you have a lower account size, or you are more risk aversive, you may want to lean towards 1% of your account size. You could have multiple trades in play, with each trade no more than 1-2% of the total account size.
So, using the above example, if the price per share is $100, and your stop loss is 5%, you are risking $5.00/share. If your account size is $30,000, you could buy 120 shares at $100 each for a total investment of $12,000 since $600 (2% of account size) ÷ $5.00 (risk per share) = 120. Using the 1% rule, if your account size is $5000, you could buy 10 shares for a total investment of $1000 since $50 (1% of account size) ÷ 5 (risk per share) = 10.
2% of account size: $30,000 × 0.02 = $600
$600 ÷ $5.00 = 120
Total loss (risk) could be $600:
120 shares x $5.00/ share = $600
Total investment: $100/share x 120 shares = $12,000
1% of account size: $5000 x 0.01 = $50
$50 ÷ $5.00 = 10
Total loss (risk) could be $50:
10 shares x $5.00/share = $50.00
Total investment: $100.00/share x 10 shares = $1000
Thanks for this
Thanks to u man you are great
Watching this for like the tenth or twentieth time today
🤑🤑🤑🤑🤑❤❤❤❤❤❤
NO BIG LOSSES
NO FORCED TRAES
Love it.
@Mark: You mentioned on Rule#5, you align all the timeframes but didn't mention what all timeframes you look into??
for sure no hourly ,30 mins or 5 mins..its safe to assume he meant daily ,weekly and monthly.
Daily and weekly chart
Thank you Mark and Dave for sharing!
pretty useless in my view. stating the obvious and adding zero value
Keep your "view" to yourself.
Always happy to hear from the great minervini
Thankyou mark uncle ❤ from India 🇮🇳
Very insightful
01:20:38
What set up David focused on ?
Mark when you say stop loss at 8% do you mean 8% of stock price or 8% of your account size or 8% of your risk? I'm just not sure. Thank you
I believe it means 8% of your original position
It means 8% of the stock price. If you're taking a long position and buying a stock at $100, you would set your stop loss at $92.00, which is $8.00 below the price you bought it at, since 100 x 0.08 = 8. That means if the stock dropped to $92.00, you will be automatically stopped out of the trade, and would have lost $8.00 per share. If you bought 200 shares, your risk per share is $8.00, and you would lose a total of $1600 on the trade if it didn't go your way.
Many traders go by the rule of never risking more than 2% of their account size per trade, so if your total account size is $30,000, you wouldn't want to risk more than $600 on any one trade. If your account size is $5000, you wouldn't want to risk any more than $100 on any trade. This helps you to determine how many shares to buy per trade.
So, using the above example, if your stop loss is 8%, you are risking $8.00/share. If your account size is $30,000, you could buy 75 shares at $100 each for a total investment of $7500 since 600 (2% of account size) ÷ 8 (risk per share) = 75. If your account size is $5000, you could buy 12 shares for a total investment of $1200 since 100 (2% of account size) ÷ 8 (risk per share) = 12.5 (round down to 12).
$30,000 × 0.02 = $600
$600 ÷ $8.00 = 75
Total loss could be $600:
75 x $8.00 = $600
$5000 x 0.02 = $100
$100 ÷ $8.00 = 12.5 (round down to 12)
Total loss could be $96:
12 x $8.00 = $96.00
I'm confused because it sounds like financial advice, yet you don't seem to have slightest fucking clue what you are talking about.
You don't warn the audience that historic return isn't representative of future performance.
Meaning you're not even a financial advisor. I mean… If you're a fiduciary you should delete this video 5 years ago, but you're not.
I won't even bother to look it up. Even with an MBA from Syria you don't spew this kind of purely fictional bullshit.
I see you have a website. I will click the link with the assumption that you don't sell anything.
Because if you do I will have to bother reporting you to the FTC. Shame on you.
Watched. Good basic info.
Big fan here! 🎉 Thank u!
the best info out there
46:00 Gold worth for 100 million
"Conventional wisdom will get you conventional returns." Fabulous quote!
If a person is looking for conventional returns, put that money in an index fund.
thank you for this :)
Thank you Mark!!
Great learning strategy .
Lot of respect
Fantastic sharing
VCP
What a treat ,!
Amazing.
Mark, thank you for sharing your wisdom with David
So helpful, thank you so much!
awesome video.. thank you.. :)