Trade Like A Stock Market Wizard- How To Achieve Super Performance In Stocks In Any Market -

"Trade Like a Stock Market Wizard"

This is a guide to the key concepts, strategies, and mental frameworks found in by Mark Minervini.

Here is a breakdown of the most helpful content from the book, organized by philosophy, technique, and risk management. "Trade Like a Stock Market Wizard" This is

1. Trend Check: Is the stock above the 150 & 200-day MA? Are the MAs sloping up?
2. Consolidation: Is the stock forming a VCP? Are the pullbacks getting shallower?
3. Volume: Is volume drying up during the contraction? (Yes = good. No = avoid).
4. Pivot: Is the stock within 5% of a proper pivot point?
5. Stop Loss: Have you calculated your 7-10% stop loss before entering the trade?
6. Relative Strength: Is the stock outperforming the S&P 500 over the last 1, 3, and 6 months?
7. Fundamental Catalyst: Is there a recent earnings surprise or a new product?

But here is the critical nuance: You do not buy based on earnings alone. You wait for the earnings strength to be confirmed by price. Trend Check: Is the stock above the 150 & 200-day MA