Summary of 33,554% Return over 5 years | Trade Like a Stock Market Wizard | Interview with Mark Minervini

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00:00:00 - 01:00:00

In this video, Mark Minervini discusses how to trade like a stock market wizard. He emphasizes the importance of using a daily chart to screen for potential buys and recommends a starting position size of 5-10 percent. He also recommends avoiding obvious levels on intraday charts and entering all positions at once if applicable.

00:00:00 Mark Minervini, a veteran trader with over 35 years of experience on Wall Street, shares his insights on achieving super performance, including his advice on setting goals and priorities. He also suggests that new traders focus on developing discipline and following rules strictly in order to achieve success.
00:05:00 Mark Minervini, a 56-year-old stock market wizard, shares his strategies for success, including daily routine, stock selection, and mindset. He explains that the stock market is simply responding to supply and demand, and that even standard chart patterns can be difficult to understand and trade successfully without understanding the nuances behind them.
00:10:00 The author provides tips for finding winning stocks, emphasizing the importance of having a trend template and the importance of analyzing historical stock data. He also discusses the importance of fundamentals.
00:15:00 In this video, Mark Minervini discusses how to trade like a stock market wizard, focusing on fundamental analysis. He discusses how to determine when a stock is in an uptrend or downtrend and when to buy or sell. He also discusses how to use trend templates and pivot points to make better trading decisions.
00:20:00 Mark Minervini, a stock market wizard, shares principles that can be used to trade like a professional. He emphasizes the importance of using a daily chart to screen for potential buys and recommends a starting position size of 5-10 percent. He also recommends avoiding obvious levels on intraday charts and entering all positions at once if applicable.
00:25:00 Mark Minervini discusses how he trades like a stock market wizard by taking small, consistent profits while minimizing risk. He also advises risk management and suggests increasing one's positions gradually rather than all at once when the market is trending in the desired direction.
00:30:00 In this video, Mark Minervini discusses progressive exposure and how it can be used to make money in the stock market. He discusses the importance of market indicators and how momentum can override sentiment. He also discusses how to analyze price and volume action to determine when to get out of a stock.
00:35:00 The video discusses the return of 33,554% over 5 years that a trader achieved by trading like a stock market wizard. The trader points out that the key to success is to time your trades well and be very careful when trading volatile stocks.
00:40:00 In this video, Mark Minervini discusses how he has been successful in trading stocks by following a similar strategy to that used by stock market wizards. He points out that, while the market can be unpredictable, following a consistent plan and acting responsibile can lead to profitable trading.
00:45:00 The video discusses how to trade like a stock market wizard by following rules and sticking to a strategy. The presenter highlights the importance of keeping track of your summary statistics, such as average gain, average loss, and batting average. He suggests that traders should keep track of these statistics in order to set appropriate stop losses and determine when to sell a stock.
00:50:00 The video discusses the importance of knowing your numbers in hindsight and forward, and how this math can work into your trading decisions. The interviewer talks about how he rarely gets into trouble, and how he does it by being prudently risk-taking. There is a selling section in the interviewer's most recent stock book which provides more detail on how to sell when things are going wrong.
00:55:00 When discussing the stock market, Mark Minervini says that when the stock has an accelerated rate of advance, it doesn't mean the investor shouldn't sell the stock. However, if the stock is not done going up, it doesn't matter how much money the investor makes. The key is what happens during the trade, and what has happened before and after is not as important as making more than the risk taken. Michael Jordan can teach people how to dribble and toss a basketball, but to be a professional basketball player, the player must first have some experience playing in games. For new traders, making a commitment to learning and doing what they love will help shorten the learning curve.

01:00:00 - 01:00:00

Minervini shares his advice on how to make money in the stock market by accessing the whole world and hiring talent from all over. He explains that today's market conditions are excellent.