Finance Trends Letter

Veteran stock trader and Market Wizard, Mark Minervini speaks to Traders World magazine and offers up key insights on trading success and why most traders fail.  First off, if you don't know Mark Minervini , you may want to check out his track record and read some of his previous interviews (he was interviewed by Jack Schwager in Stock Market Wizards ) to understand his trading philosophy. You can find some good interview links included at the end of this post.  Now if you've read some of Mark's previous interviews, you'll know that persistence plays a big part in his trading success . His latest interview opens on that note, as Mark is asked about the key traits of successful traders.  " Larry : What are the key traits for a successful trader? Mark : When I started 30 years ago, I knew stock trading was going to be exceptionally challenging and I knew success was not going to happen overnight. I made a decision that I was going to put as much time and ef...

Veteran stock trader and "Market Wizard", Mark Minervini shares his story in an interview with the Your Money Matters podcast.  I thought this interview with Minervini, a largely self-taught trader who transitioned into trading after working as a musician, would make a nice follow up to our recent post on self-education and the school of hard knocks .  Here are some key points Mark makes in this interview: " I wasn't always successful . In fact, for the first six years I didn't make any money at all." Mark started trading in 1983. He began visiting the library and one day came across Richard Love's book, Superperformance Stocks . Mark spent "the next twenty-seven years" refining his approach . Persistence can be more important than knowledge. Learning to trade the stock market can be difficult, and there is a long learning curve. Mark stayed with one approach and spent his time mastering it . "It's not going to happen righ...

Pradeep Bonde at Stockbee has posted an interview with "Market Wizard", Mark Minervini . For those who don't already know, Mark is something of a present-day all-star stock trader and, more recently, a stock trading educator. In 2000, Jack Schwager profiled Mark in his book, Stock Market Wizards , thanks to his largely self-taught skill and the trading record he had amassed up to that point. Here's an excerpt from Stockbee's interview with Mark: [SB] : " You often say the individual investor/trader has a great advantage over the Professional manager. What gives the individual investor the edge? [Mark Minervini] : The biggest advantage that the individual investor has is control. With today’s technology, most traders can have the same tools as a pro. However, the individual trader has a tremendous advantage over professionals like mutual fund managers, mainly because they have greater liquidity and speed.  This enables the individual to be more con...

Wanted to share this excellent video chat on trading and the stock market with you. Joe Fahmy interviews his trading mentor, Mark Minervini of Stock Market Wizards fame. Mark and Joe both maintain a presence on Twitter and StockTwits, so it's been rather interesting to get a closer look at some of their thoughts on markets and trading through their real-time updates. In this interview, Joe talks with Mark Minervini about his trading philosophy and the importance of blocking out meaningless distractions when focusing on one's trading strategy. This is a great discussion, and it serves as a very good learning opportunity for stock traders.