Ep. 230: Mark Minervini Interview with Michael Covel on Trend Following Radio

My guest today is Mark Minervini, a technical analyst, acclaimed author, instructor, and independent trader. He has over 30 years of experience in finance, and was featured in Jack Schwager's Stock Market Wizards; Conversations with America's Top Stock Traders.
The topic is his book Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market.
In this episode of Trend Following Radio we discuss:
▪️ Importance of influences outside of the finance world
▪️ Minervini’s atypical background in music and how he got to where he is today
▪️ Capturing 'super performance' and the trend
▪️ The importance of cutting your losers short
▪️ How Minervini spends his day
▪️ Richard Love and 'super performance' stocks
▪️ Why Minervini is not a fan of diversification beyond the minimum amount that you can get away with
▪️ Richard Donchian, Jesse Livermore and their influence on Minervini
▪️ Timeless strategies
▪️ Paul Tudor Jones and 'losers average losers'
▪️ The importance of not just trading what you know
▪️ 'New high ground' and not being afraid of buying higher highs
▪️ Risk management and bet sizing
▪️ The biggest areas where new traders often start off on the wrong foot
▪️ Howard Lederer and poker players as an analogy to traders
▪️ Why you shouldn’t even turn on the television as a stock trader
Jump in!
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: www.trendfollowing.com/trend/
You can watch a free video here: www.trendfollowing.com/video/
Can’t get enough of this episode? You can choose from my thousand plus episodes here: www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!

[@bobmiller6328]

Sage advice from THE stock trading fountain of knowledge helping us all.
Please stay the course 🙏

[@goncaloveiga]

This was such a great interview. Great back and forth. Thank you

[@k.6160]

I am an ultra fan of Mark. He has three books! 📚

[@cdh5805]

Two of the very best at what they do

[@stephenrager2579]

I utilized Richard Donchain and shifted to RC Allens MA's, interesting interview as usual.

[@kennethgoodreau8144]

I have the PTJ "losers average losers" picture framed on my wall, from Michaels post over 10 years ago. Thk u

[@k.6160]

When was the interview from? I'm thinking it's an old interview, but timeless.

[@nathansmith8187]

They mention the iPhone 5S which was released in Sep. 2012 so maybe around that time

[@TrendFollowing]

I'm in the process of bringing my whole podcast to RUclips.

[@alphabeta8403]

15:00 Study timeless strategies
22:00 Importance of ATHs
24:00 Risk Management
27:00 Discipline
37:30 Style Drift