- Format: Kindle Edition
- File Size: 65845 KB
- Print Length: 353 pages
- Publisher: McGraw-Hill Education; 1 edition (19 April 2013)
- Sold by: Amazon Australia Services, Inc.
- Language: English
- ASIN: B00C1NKPUE
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Customer Reviews: 377 customer ratings
- Amazon Bestsellers Rank: #102,591 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market Kindle Edition
|New from||Used from|
What other items do customers buy after viewing this item?
About the Author
MARK MINERVINI, one of America's most successful stock traders, has been a veteran of Wall Street for nearly 30 years. He founded Minervini Private Access, an online members-only platform that provides real-time access to his SEPA stock trades. He also conducts a live Master Trader Program where attendees experience hands-on education about his methodology. --This text refers to an alternate kindle_edition edition.
Customers who viewed this item also viewed
Review this product
There was a problem filtering reviews right now. Please try again later.
Top international reviews
Before buying, consider your own capabilities:
* 80% of us are not able to manage our investments, and should buy a global index tracker and forget it. You will do better than most.
* of the other 20%, you can run your own investments if you prepare before starting. Read good books, and become familiar wi the concepts of diversification and asset allocation. Then buy good funds and investment trusts; apart from annual rebalancing forget them.
* finally we have around 1% who have the temperament and dedication, who could be reasonably successful as holders of individual stocks. This book will show you one way to do it; and has some excellent teaching principles for all styles of investor.
Before buying this book you should have a reasonable understanding of how stock markets work; it is not for beginners.
Do not buy this if you seek a system guaranteed to bring success: there is no such thing.
However, this book rewards study even if you decide not to proceed to deal in individual shares.
For myself, I have read it carefully, highlighting key points. Next I shall buy the second Minervini book, and subsequently re-read both. Then I may try to develop a strategy based on Minervini's principles and start with £10,000 in a separate account. If at any stage I give up, I shall not have wasted the benefits learned.
I have been trading for circa 2 years, originally focussing on UK AIM- listed stocks. After a brief period of success (during a roaring bull market, in which even a fool could have made a £ or ££), I came to realise that all the truly great companies (think Amazon, Facebook, Google etc. etc.) tended to emerge from the Capitalist-King of the world; the good old US-of-A. I then started researching UK- based brokers and found that it was achievable to partake in this roaring market. My head was then turned.
I have read both books 3 times over (if not more if considering the individual chapter reads) and each re-read has provided a deeper and more thorough insight into Mark’s method and his work, which takes inspiration and initial guidance from many of the principles laid out by William O’Neill.
This is not a re-fabrication of William O’Neill’s work. Oh no! This is completely original, raw and truly information beyond belief. Mark leaves no stone unturned and his desire to impart all his knowledge (over 30 years!!) into this book shines through.
From start to finish, both books cover off a whole trading strategy. No wonder I now refer to it as my bible! If ever you are in doubt, re-reading the appropriate chapters (if not all!) is a great confirmer and confidence builder.
Mark’s method is truly timeless. He often refers back to stocks spanning decades and you will begin to build an appreciation for how human behaviour doesn’t change over time and that patterns represent themselves time and time again. By applying Mark’s filtering skills to find these stocks and then applying a Specific Entry Point Analysis (SEPA – Mark’s ‘Golden Nugget’) to these stocks, you can then start to define high reward: low risk entry points, whilst also have a good grasp on sell violations and risk management. The complete cycle!!
Post reading, I decided then to attend Mark’s 2017 Master Trader Program – held in the beautiful Myrtle Beach in South Carolina.
If you think the books make good reading, wow!!! – the seminar was UNREAL!!... my thoughts as follows:
I honestly cannot put into words how informative and well-structured the whole weekend was - clearly this has been many months in the making. Personally, coming from the UK and having viewed this as a 'risky' investment, I was a little unsure as to what to expect. I was thrilled to find that the accommodation and location was perfect, the mix of experience of attendees and the diverse of geographies was fantastic and Mark Minvervini and David Ryan portrayed their investment style (and individual traits and personalities) in such an easy-to-learn and fun manner. Whilst both are very passionate about what they do, Mark is very different to David and I think the mix in personas made the whole event very fun and enjoyable. No stone was left upturned and, to be completely honest, I am very much hoping that I can return next year. One thing I did take away from me is that this journey is never complete - you are always learning. Take for instance my first trade since returning to the UK; AMRN, Power Plat setup with a VCP forming in the high tight flag pattern with reduced volume. It looked a nice setup and so I tested the water with a light position, given my 'newness' to this chart pattern and the overall market. Unfortunately, I was stopped out. However, it's strange to think pleased about that! Normally, I would look to increase my stop and skew my risk: reward ratio, but now I can sit back and analyse the trade and look to see where I went wrong. So, in short, the trade was flawed however my discipline was excellent. I'm proud of that as that was an area of mine that I found most difficult. (This trade was made during a difficult trading period and my entry point was a little early – I’d say I was a little trigger happy to make a trade!).
You will not be disappointed by either the books or the seminar. To achieve greatness, you have to invest in yourself first, right? Don’t overly dwell on the cost of the seminar – it is worth every $$$ and that’s from someone travelling from the UK!
This book has now helped me clear my mind and add what is missing in my system and rules, I feel like that finally, from the last 3-5 years of mediocre returns I can excel to double digit annual returns now, all this was a few filter additions needed to my software thanks to Mark.
If you want to start trading or are already on your journey then this book is a must for anyone that wants to buy and sell stocks, whether short term or long term as an investor.
I have just bought Mark’s other books from Amazon USA as they are not available on Amazon UK, you might need a USA address for delivery then can be posted to you in the U.K. This book however is available to U.K. buyers and delivers to U.K. so get it whilst you can if you are in the U.K.
I don’t usually write long reviews for a book, but this one deserved it as if you know of Jesse Livermore one of the greatest traders to live, then Mark is a true disciple living today! Proving and actually achieving the returns today just as Jesse was in the early 1900s.
In life there are moments that are Ah ha, in this book I found that Ah ha moment, it could be something in this book for you as a trader that joins the missing dots and tees and change your trading journey forever for the better like it has done for me, good reading and take control of your financial future and outcome from trading!
One major starting point (openly and expressly credited by Mr. Minervini) for the book is Stan Weinstein's "Profiting in Bull and Bear Markets" which introduces the concept of Stage Analysis.
Mr. Minervini's approach incorporates some fundamental analysis relating to earnings growth and cash flow which is an interesting development as Weinstein treated fundamental analysis as a distraction.
The author has walked the walk and won the T-shirt in his investing life. I don't claim this book will put the Ferrari on the drive etc, but it is a good clear development of the original stage analysis concept and if followed the model has the potential to do very well for you.
I have to say that (in line with the Forward by Mark Ryan) the concluding chapters on Risk Management are worth reading first. Even if momentum trading/investment is not your thing (and it justifiably does not appeal to everyone) the chapters on risk management are punchy and convincing - the sort of thing every investor and trader should read once a year to keep themselves in tune.
Others will decide whether this is an 'investing classic' type book; I merely assert that I found it a compelling and attractive read which has helped drive forward my own philosophies of investment.
Mark has an amazing trading record and he passes on a great deal of what he knows in this book.
It’s a read and re-read book as there are so many priceless nuggets of information on every page.
This book has taken me from a hit and hope trader to a solid profitable trader and I’m only a novice, the more I apply Mark’s knowledge the more confident I am, additionally im seeing more of the pieces of the puzzle fit.. it’s starting to make sense!
Buy it, read it, re-read it, you will not be disappointed.
His writing on volatility has saved me literally thousands and some of the principles he espouses should make almost anyone a better investor/trader.
The hard part is actually developing discipline. What finally worked for me was
Creative Mindshaping: Create A New You, Create A New Life. Inspired By The Olympics And Paralympics
I have used Creative Mindshaping to develop several helpful habits for my trading.
The most important being using and obeying my stops.