If you have lost less than 10% YTD u r a good trader.
If ~break even: excellent & if positive then may be lucky 😂.
This is a very tough market. Don't lose hope. Once the market bottoms, we will have a multi year rally & excellent opportunity to make 💰. Play safe & be ready
@RichardMoglen
United States Investing Championship October results show some excellent performances. I suggest interviewing them if possible to see what they had done in such a difficult market. Well-done guys
$UPST down 45 percent after hours. It peaked around 400. In October, when it started to fall and was around 300, a gentleman was arguing with me & telling me how great this stock is. Today it is below 43. Pls don't marry the stocks.
Don't try to catch falling knives
I just checked that there are over 100k views of my interview with
@RichardMoglen
about 11 months ago. I never thought that it would be that much viewed and appreciated. Many thanks Richard for your efforts and all those who viewed it, appreciated it and benefited from it. 🙏
@RichardMoglen
I am humbled to see that my interview with Richard had exceeded 150k views. I never even dreamt that it will be that popular. Many thanks for your support and acknowledgement. Special thanks to Richard for his excellent effort
A few days ago, I sent a tweet saying that we must not stay on the side line & start to buy as some BO working. I also send 3 more on caution. So many ppl liked the 1st one but hardly anyone liked the three abt caution. That shows why ppl lose...no appreciation of Risk Management
@markminervini
Mark honestly all credit to you. Still a student of yours. I trade more than 85% of my trades from Mark list. His weekly lectures keeps me focused and don't let me stray back to my old habits. You are the best teacher one can have. I wish I had known you much earlier
Breakouts at the moment are working better, so don't sit on the side line...however increase your exposure slowly. Add once u have some cushion in the previous holdings
Positive:
Markets held very well yday after intial big drop
Accumulation in exchanges
Many stocks setting up
Some shares with disappointed earnings came back after big gap down
Caution:
Some indexes heading into resistance
Break outs need to improve
Progressive exposure is key
Finally, tested positive: COVID after avoiding all this time. My daughter and son are also tested positive.
Never had this bad flu in my life.
Pls stay safe.
It is not over yet
@markminervini
You will be happy to hear that this year I am up 93% now... Hope to have a 2nd triple digit returns this year. Hope to keep on learning more & more from you in years to come. You are a University which struggling traders must attend. Thx 🙏🙏🙏🙏
It is a news driven market. Until now, today the market action is not very encouraging. Let's see how we close. Looks like volatility will remain high. Hold your horses and don't jump in with both feet. Start small & only increase exposure if things are working & u have cushion
@markminervini
Mark... U r the Guru... so many thanks... for being such a passionate teacher... u r changing the lives of so many. Learned so much from you. After struggling for years despite working very hard, learned so much from u trading side by side with you in MPA in last few years 🙏🙏🙏
It is the 3rd distribution day, & above average volume.
The lower volume of the rally was bothering me & I was not aggressive. Hope u have listened to my cautions. Still open minded...
Today is an important day. If we have a distribution day soon after Follow through day... within three days after FTD, the probability of the success of the rally is lower. Doesn't mean to just sell in panic.
Visited Pakistan after about 18 years. This is one of the most beautiful lake: Saif ul Malook: 10,580 ft SL. In the background, Malika Parbat: Queen of mountains: 17,355 ft: Himalayas
@Liz_Wheeler
@TradeIdeas
This intelligent boy had no clue what a minority kid can go through. While living in one of the most tolerant places in the world, my son was told by his classmates that he is a terrorist .. bcz of his origin. Just imagine what a 9 year old kid had gone through & had to endure
@LeifSoreide
While the Nasdaq had moved over 13 percent in the last few weeks, I am able to only add a little to my account. Either my picks are not working or beaten down stocks are moving the market ...or both.
It is a hard penny environment for me & I had very few positions
@LeifSoreide
Very true. Mixed signals.
Positives: higher lows, high bearish sentiments
Negatives: today industry group perf. is mostly coming from laggard groups
Yesterday it was distribution day on Nasdaq.
Today Nasdaq volume is very slightly above yesterday.
Best is progressive exposure
Interesting to see that while Nasdaq is very strong today, small caps IWM & IWO are negative at the moment. Most of the stocks on my watch list today are negative too. Play but with caution. Add only if you have cushion from previous buys.
Nasdaq volume is at the moment around 3 percent higher than yesterday, which was quite lower than average. The volume on NYSE is over 6 percent lower than yesterday.
No opinion.. at least a yellow flag.
Will we have a FTD, not sure at the moment, but will like higher volume
@markminervini
This was the most important aspect of trading I have learned from you while trading side by side with you as an MPA member rather than holding all or selling all based upon my gut feeling. Now I sell at least some in strength and free roll the rest. Thx Mark
@markminervini
So many thanks Mark. I learned it from you. My trading changed immensely after joining MPA & then MTP.
You are the best teacher one can have
@RichardMoglen
Thanks Richard for your patience and support. You are doing a fantastic effort to make traders profitable.
Richard and I had tried to design this interview to help especially who are struggling to become profitable...
It is interesting to note that while Nasdaq is showing a powerful rally on high volume, that sort of volume is missing on S&P & NYSE. Three plots.. Views
The volume on Nasdaq is slightly lower than yesterday at this time .. potential to have a 2nd back to back distribution day.
Play safe.
See how your shares are doing & be careful to add.
No bottom fishing pls.
Remember, idea is not to buy at the bottom but when risk is low
Look at IWM & also plot IWO. I have cautioned a few days to be very careful as Nasdaq was over 1% while small caps down over 1%...then. At times simple observations help you. I hope it was useful. The key to profits is understanding market as most stocks follows the market
@markminervini
Mark... I am dying to meet u personally... your books, MPA, MTP and visionary tweets have changed my life... pls keep this up... u r changing the lives ofso many ppl
Nasdaq had a distribution day yesterday'.. so early. This rally had a very high probability to fail. Many indexes hit 21 D & reversed. This is the reason to slide in slowly, starting with a test buy & buying more only if that share is working. Don't jump in. Keep drawdowns small
@markminervini
Even after years of experience & a much better trader now (still a long way to go), I learn new things all the time while being a member of MPA. Now, Mark is teaching, how to forget indexes and see what industry groups & stocks r holding well & even take small positions.
Thx
@RichardMoglen
Too early to call any. Arguments on both sides. I am personally careful here as my strategy is defensive .. keep my profits intact without major drawdown. If market goes up I will increase my exposure. Positives
1. Many up days in a row
2. So many strong closes
It was 2nd distribution day on Nasdaq. NYSE avoided it as volume is slightly lower than yesterday. IWM & NYSE hit 50 D yesterday & reversed. No reason to panic. Adhere to your stop losses.
There r so many other things but I just want ppl to understand the price and volume action
Volume on Nasdaq is lower at the moment as compared to yesterday. Volume on NYSE is higher than yesterday but the volume was very low yesterday. So still no panic selling keeping in view a big decline. I have not been trading for some time now. Patience is key.
No bottom fishing
The volume on exchanges is about 30 percent higher than yesterday at this time. This could be the fourth distribution day on Nasdaq.
This was the reason I was telling ppl to be patient, go slowly & take profits.
My time to ask now:
What r the key learnings in this rally attempt?
@markminervini
Mark, the game changer are Low Cheat (low risk) and Power Play (not many dare to buy) and most importantly the way u taught about violations after buying and risk management. Buying was easier but handling shares after buying and free rolling are the key... So many thanks...
There could be a possibility of a FTD today. There is a potential of a tradable rally. We saw some high volume sell off days last week. Some stocks are breaking out. Few more setups. Best is to have small test positions & add if your shares start to perform better
This is Khewra Salt Mine, Himalayan salt... the 2nd largest in the world. Produce many coloured salts also including the famous pink salt. This mine is said to be discovered around 320 BC
Until now, this pullback is on low volume.
There are 2 distribution days on both Nasdaq and S&P recently. Yesterday one negative was declining issues were ~3 and 5 times of advancing issues on Nyse & Nasdaq
Focus on how your stocks are doing.
When in doubt, I reduce my position
@RyanPierpont
Golden nuggets: I used to be like that & used to give back most of my gains, no more... wait patiently... made a huge difference to my performance... helps you to make better decisions. Ppl keep on loosing while trying to bottom fish ...when time comes, they had lost confidence
Nasdaq vol. is slightly higher than yesterday at the moment.. there is potential of another distribution day. Will know at the end of the day.
Just trying to tell my followers what to look for.
Don't sell in panic unless u had a reason to sell (violations) or hit your stop loss
While snoozing... stocks. Some interesting pictures from our recent visit to Pakistan. Visited Taxila..said to be among the earliest universities in the world... Buddhist...10 BC
There is no better stock education than joining MPA. Some ppl said to me, that we will join once the market is in uptrend. My suggestion to them was that it is more important to find out how Mark handles a correction as conserving your account is more important..risk management
With the market in correction, NOW is the time to join my winning team to prepare and learn how to take full advantage of the next up leg. Learn more>>
@RichardMoglen
Listen to the market. O Neil tells that 3 out of 4 stocks follow the market... And I believe when it comes to Growth Stocks..in a downtrending market this number could be way worst...so market direction is key
Mark you are a true inspiration. I myself have left trading a few years ago but your motivation kept me in the game. I learned so much from u & slowly overcame so many mistakes. It is not a fluke that year after year MPA and MPT members dominate the US Investing Championship
I truly believe that my success and purpose in this life is not just to make money, but to inspire others. My struggles from poverty and misfortune were gifts and an opportunity for me to show that dreams can come true... and the opportunity is available for you too. No one cares
@RichardMoglen
Golden Nugget. That is why I don't trade when markets are bad as the odds are against you. When I learned when not to trade, my results improved significantly. Cash is a position.
Wait for the right time even if it means that you have not made a single trade over weeks.
USIC results are out up 322% and 5th. I really want to thank my Guru, my mentor who had really helped me, guided me & motived me to bcm a better trader. Just remember I am not a professional trader but his books, MPA & MTP had made me capable to achieve what I dreamt..thx..🙏🙏🙏
Hope u had not over exposed yourself.l in this rally. I have been cautioning u to add progressively only once your last share had some cushion. Volume in Nasdaq is slightly higher & NYSE slightly lower than this time yesterday.
@markminervini
Mark u r the Guru... all credit to u. Reading your books helped me to understand fine details... trading side by side in MPA: taught me so much especially picking up crisp set ups, how to be deciplined, not getting scared & when not to trade... MPA is like going to University 🙏
Being a father, my heart is filled with pain & sorrow for the families of those innocent kids who lost their lives. Americans are resilient but I am truly disappointed that they are not able to put their differences aside & solve this gun issue. Parents r not sending kids at war
One important thing to note is that today's top performing groups in Market Smith are mostly beaten down groups and not the leaders. Anyway, let's play according to rules and not observations
@WillieDelwiche
You may be right. For me, I am treating it as a bear market rally unless the market proves itself...I am playing by my rules...only add to the exposure if my holdings are doing good. Honestly I don't care what the indexes are doing
Again today, the volume on the stock exchanges is tracking lower...Not a good sign.
IWO & IWM are outperforming other indexes today...
While both NASDAQ and S&P undercut on 20th May, IWM and IWO didn't made new lows...
Just some observations.
Open minded
Volume on Nasdaq is about 15 percent higher than yesterday & NYSE is 28 percent.
This appears to be good.
Add progressively once your holdings are doing well
@markminervini
Excellent performance of MPA today ...all positive right now with one over 7% for the day... And 4 over 2.5 %... Great picks... You are a guru for a reason
@MarketBattler
@quresh1970
@markminervini
@deepakchhabbra
Do I need his certification? No? He don't have to believe in it... Let him live in his world ...as my experience is .. skeptical ppl never achieve anything... They can't be good traders. Trust me.. most important thing to be a successful trader is Positive Thinking...
@markminervini
While the Nasdaq had moved ~13% in the last few weeks, I am up a little in my account.
For me, this is a classical example..when u teach us not to look at the performance of indexes but focus on our shares & add only when holdings r performing. So many failed BO. Small exposure
@markminervini
Mark! Some friends on twitter wanted me to share my equity curve. I wanted to share it with you as u teach us to avoid big drawdown... gap in Sept is bcz moving my broker & was in bigger trouble & back...not able to trade much.. will appreciate your comments
@RichardMoglen
A little more that 50 percent of stocks on my watch list are negative while Indexes are doing well. So I am cautious here.
The same is true for my holdings
@BlogJulianKomar
I have mentioned your great tweets and ebook at around 2:23:06.
Your tweets are always great and I had read your ebook too. I always tell ppl to follow you and get your ebook. Pls keep up great work
@markminervini
Mark trading side by side with you in MPA and then MTP had taken my trading skills to next level.... still a lot to learn from u... a long way to go... and we all know that no one can be a better and passionate teacher than you... will love to meet you personally.... thx
Volumes on stock exchanges are lower.
The action of IWM and IWO is encouraging.
I would like to see a strong thrust though.
Anyway addto exposure slowly with cushion on previous buys
@HashUrTag
Over the years I had learnt not to predict the market as it influences decision making.
I just try to see what leaders are doing. Look at if new leaders r emerging & setting up bcz they at times start to move up b4 market bottoms. There is a lot of pessimism in the markets now.
@markminervini
I was trading 4 years & despite working hard was not successful.. especially risk management, violations, low cheat, power play..stick to rules..all learned trading side by side with u along with books changed everything. I don't have a -ve month since last October. YTD 140% now