Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market

by Mark Minervini

"One of the best Stock Market books of all time" - BookAuthority

"Minervini has run circles around most PhDs trying to design systems to beat the market." -- JACK SCHWAGER, bestselling author of Stock Market Wizards
"Mark's book has to be on every investor's bookshelf. It is about the most comprehensive work I have ever read on investing in growth stocks." -- DAVID RYAN, three-time U.S. Investing Champion
"[Minervini is] one of the most highly respected independent traders of our generation. His experience and past history of savvy market calls is legendary." -- CHARLES KIRK, The Kirk Report
"One of Wall Street's most remarkable success stories." -- BEN POWER, Your Trading Edge
THE INVESTOR'S GUIDE TO SUPERPERFORMANCE! Dramatically increase your stock market returns with the legendary SEPA system!
For the first time ever, U.S. Investing Champion Mark Minervini reveals the proven, time-tested trading system he used to achieve triple-digit returns for five consecutive years, averaging 220% per year for a 33,500% compounded total return.
In Trade Like a Stock Market Wizard , Minervini unveils his trademarked stock market method SEPA, which provides outsized returns in virtually every market by combining careful risk management, self-analysis, and perseverance. He explains in detail how to select precise entry points and preserve capital―for consistent triple- digit returns.
Whether you're just getting started in the stock market or you're a seasoned pro, Minervini will show how you how to achieve SUPERPERFORMANCE! You'll gain valuable knowledge as he shares lessons, trading truths, and specific tactics--all derived from his 30-year career as one of America's most successful stock traders.
Trade Like a Stock Market Wizard teaches you:

With more than 160 chart examples and numerous case studies proving the remarkable effectiveness of Minervini's methodology, Trade Like a Stock Market Wizard puts in your hands one of the most effective and--until now--secretive stock investing systems in the world.
MARK MINERVINI has a trademarked stock market method that produces outsized returns in virtually every market. It's called Specific Entry Point Analysis--SEPA--and it has been proven effective for selecting precise entry points, preserving capital and profi ts with even more precise exit points--and consistently producing triple-digit returns.
Now, in Trade Like a Stock Market Wizard , Minervini shares--for the fi rst time ever--his coveted methodology with investors like you!

Genres: Finance, Business, Nonfiction, Economics, Money, Personal Development, Reference

352 pages, Hardcover

First published January 1, 2013

Reviews

[Ryan · Rating 4 out of 5]

Fairly solid read an introduction to growth stocks as opposed to value stocks. Here is quick summary or chapter 4 which is probably the core content of the book

Chapter 4
PE ratios have very little predictive value for super performance stocks. Earnings could go up or could go down. Don't be afraid to trade high P/E stocks.

Value investors stray from high P/E companies because they think they are overvalued.
In 1997, Yahoo was at 938 PE ratio, but the stock still grew 78x in 2 years.
In 1996, CROCS traded at 60 PE ratio, and the stock grew 7x. If you waited til the company had a 'proper P/E' ratio, you would have lost 99% of your money.

High performance stocks charge a premium.

Value doesnt move a stocks price. People do.
It's less on intrinsic value and more about perceived value.
Saying that a stock is overvalued because it sells at 65x its earnings is like saying that a Van Gogh painting that sold for $40 million is overvalued because the paint and canvas only cost $40.

The only time to consider PE ratios is if its incredibly low, because it could mean something is wrong with the company

A stock that drops from $100 to $25 has declined by 75%. So you might think that the risk is only an additional 25% right? Wrong. It can decline another 75% to $6.25.

PE ratios are good for a general barometer for investor expecations

Gauge how much P/E expansion will take place and how much you expect. E.g. A stock has a PE of 20, you hope it will expand to 40-60 before looking for an exit.

Chapter 5
I will never trade a trend below its 200EMA. Non negotiable.
An object in motion stays in motion, and one at rest stays at rest.

[Leah · Rating 5 out of 5]

This book is a must read if you are a intermediate level trader. I don't think I've ever took so many notes from a book in my life lol Please go refer to my notes because this review box isn't big enough to hold it all XD

Mark Minervini has read over 1,000 investment titles in his personal library. He started with $3k, few years later $160k, a year later half a million. His philosophy and approach to trading is to be a conservative aggressive opportunist. Meaning aggressive of his pursuits of potential rewards while being extremely risk conscious. His primary thought process is “How much can I lose” not just “how much can I gain.”

[Debjeet Das · Rating 4 out of 5]

This book has lots of interesting points

some of the few takeaways

1- SEPA(strategic entry point analysis)- For picking good stocks look for trends, fundamentals,catalyst(the driving force behind stock movement), entry point & exit points.
* Align supporting fundamentals with constructive price actions during a healthy overall market.

2 Always look for Market leaders, top competitors, institutional favorites,turnaround situations.
* Pick leaders in terms of earning,sales,margin & relative price strength

3 4 condition must fit- good company fundamental, stock price , good volume activity & overall market conditions.
Potential shortlist based on-
a) Future earning & positive estimate revision
b)Rapid price appreciation based on supply/demand imbalance
c)institutional volume support

4 4 stages of stock movement-
a) consolidation phase- you should avoid buying here
b) accumulation phase- here you should buy
c)topping phase
d)declining phase

5 The best case of growth situation is scalable growth-
* a company gaining market share in rapidly growing industry
* company products & services have high demands
*market for company products and services is extremely large
*good balance sheet , expanding margin, high Return on capital expenditure,reasonable debt etc all are sign of good management

6 Be on the lookout for new industries & companies with market niches, specialised expertise, proprietory technology,positive sector change such as deregulation.

7 Think about companys competitive advantage, is business model scalable?, whether management is executing successfully?.

8 profitability, sustainability & visibility represent the most influential factors that move stock price.

9 Stocks move for 2 reason- anticipation & surprise. Every price movement is rooted in - anticipation of news, important business change, reaction to an unexpected events & a surprise. “Buy the rumour, sell the facts”

10 As the bear market is bottoming , leading stocks, the ones that best resisted the decline will turn up first and then sprint ahead.

* Look for resilient stock that hold up the best, rebound the fastest & gain the most% wise off the general market boom
* The stock that emerges 1st in the early stages of new bull market with greatest power are generally the best candidate for super performers.

11 When you see market rotation, where price moves from leaders to follow on stocks & laggards, it is warning that market rally may be entering its later stage.

12 See earning coming from robust topline sales not from cost cutting or plant closure or any other accounting gimmicks
* Focus on high quality earning - where did earning come from? Did the company post better result because of stronger sales? If sales were strong, was it because of single products or 1 major customers? Is growth vulnerable?
*Look for earning that come from core operations, not from one time gain or an extraordinary events.

13 To determine whether market is looking favourably on company earning , look for
* Initial response- Did the stock rally or experience sell off? If it sold off , does it resume its slide after a dead cat bounce? Does stock price come roaring back?
* Subsequent Resistance- How well does it hold its gain & resist profit taking?
*Resilience- Did the stock recover quickly & powerfully? or did it fail to rally after a pullback?

14 Inventory management- If inventory is growing faster than sales , it is a bad sign because sales are not happening as per expectation or misjudgement of management of future demand
* If finished goods is rising faster than raw material or work in progress, then product is piling up.

15 If receivables are increasing at a faster rate than sales, then it is a warning that company is having trouble collecting from customer.
* If receivables & inventories are both increasing at a greater rate than sales, this could be a double trouble.

16 Risk management-
* If you cant learn to accept small losses, sooner or later you will make big losses. It is inevitable. Learn how to lose small amount possible when you are wrong.
* Always keep reward/risk ration>1 preferably 2:1 or 3:1
*You must make more on your winner than lose on your losers.

[Tom · Rating 1 out of 5]

Waste of time and money

Lots of useless self help guru chapters. Not one single word on a rules based strategy for when to sell your winners. Avoid

[Stuart Strenger · Rating 4 out of 5]

Good Stock Investment Primer

Clearly written, the book discusses and illustrates stock investing basics. Its recommendations are very similar to the CANSLIM method developed by William O'Neill.

[Ash Perera · Rating 5 out of 5]

I had to unlearn many things I've learnt over the last 2 years since I've started investing. Many of the lessons covered in this book have been proven time and time again, especially during the last 6 months.
Every chapter makes you learn something new or think differently. Mark goes in-depth to many overlooked aspects of both technical and fundamental analysis.

I have been hard-wired to look at stocks that have crashed to seem like a bargain and stocks that are at all-time highs to be overvalued. That stands true if you have more information than the market. The reality is most of us don't. The market is never wrong, only your opinion is.

This is by far the most valuable investing/trading book I've read, by a huge margin.
To tell you how much value it provides, I started taking notes and had to stop myself from writing down too much (defeats the purpose of notes if I copy the whole book?)

At most parts, especially risk management and emotions, I felt like Mark was directly talking to me.
Whether you are a value investor, scalper, passive investor or a swing trader; This is a must-read. There is a wealth of information here and it might take me a few reads to digest it fully.

[Joaquin Roibal · Rating 5 out of 5]

I began investing in the stock market in November 2021, the absolute peak of the bull market. I typically follow Benjamin Graham's and Warren Buffett's "Value Investing" playbook which Mark has a specific section of this book which contradicts value investing based on historical data.

Mark's book "Trade Like a Stock Market Wizard" is the distilled knowledge from one of the most successful traders of our time who achieved outsized gains during his career. I loved every bit of this book and changed my investment philosophy from chasing "value" / low priced stocks to investing in break out, growth, and leaders. I will definitely reread this book over and over and it's already begun to help my trading.

[Larry · Rating 5 out of 5]

I would rate this one 4.5. Essentially, he follows much the same methodology laid out by William J. O'Neil in his classic How To Make Money In Stocks. I highly recommend reading the two in close proximity to each other and incorporating aspects of both into your trading methodology. I would have preferred that Minervini be more specific about the pivot point for buying a stock, like O'Neil is. But the book is really quite good, and will provide much good information. I'm going to read his new book, Think And Trade Like A Champion next to build off of this one.

[John Richards · Rating 5 out of 5]

great book for anyone involved in the business of uncertainty. Read the last two chapters on reisk management first as recommended.

[Jung · Rating 2 out of 5]

Learn how to become a skilled investor.

Investing in the stock market is not a matter of chance, luck, or gambling. Instead, as with any accomplishment, it’s the result of hard work, knowledge, skill, and perseverance. Consistency, commitment, and having a long-term vision are key to avoiding the pitfalls of self-sabotaging behavior. 

Gambling is designed to make you fail – statistically speaking, the more you play, the more likely it is that you will lose. This book by Mark Minervini, Trade Like a Stock Market Wizard will show you that stock trading is more akin to brain surgery. Sure, it would probably be a gamble if you took a knife to someone’s brain. But for the trained hand and skilled expert, it’s a matter of surgical precision.

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Focus on earnings.

You’ve probably encountered the phrase, “buy low, sell high.” If so, you may have thought that 2009 was the chance of a lifetime to snap up shares in then-blue-chip companies like Citigroup, Lehman Brothers, General Motors, and American International Group (AIG) as their prices dipped to historic lows. 

But then, it could have also been a sign that the value of those companies was dropping. The financial crisis saw AIG crash from $103 to 33 cents in the span of two years; it was struck from the Dow Jones Industrial Index in September 2008, as was Citigroup in 2009. The price of GM sank 95 percent in 2009, too – a loss that brought it back to its 1933 worth and also warranted its elimination from the Dow Jones Industrial Index. 

There’s an important lesson to be learned here: the stock market doesn’t care about pedigree, only track record. The measurement in the marketplace is growth. Don’t let yourself be persuaded into investing in a sinking stock simply because of its name recognition or reputation. In many cases, such stocks belong to the past; the future may belong to companies with names you’ve never encountered. 

Ever heard of the cockroach effect? If you live in New York City, you might know that once you see one, it’s game over – there are bound to be others, too. But this principle can be flipped to the positive. If a company’s quarterly earnings are unexpectedly greater than analysts had predicted, there is likely more good news. If a breakout company seems to be on the upswing, it might mean you should pay attention to that industry as a whole. 

Such surges of attention and prospective success may lead to an influx of institutional investment in a stock before the actual numbers even come out. This can be a successful earnings-boosting strategy. And if the speculation is well-founded, that probably means the numbers will keep going up the next quarter, too.

Guess what? This contagion effect is just as applicable to less sunny surprises. Companies that fail to meet their estimated profits will often continue to disappoint in the next cycle. So when you’re starting to put together a roster of potential companies to invest in, focus on those that have exceeded their earnings expectations in the last few quarters. To put it simply, avoid those that have a negative mirror effect, and invest in those that have had positive signs of growth. 

This might seem like obvious advice. But in the next section, we’ll see why it’s more counterintuitive than you’d think.

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Don’t trade like a professional.

“The amateur investor has many built-in advantages that could result in outperforming the experts. Rule #1 is to stop listening to the professionals.” These are the words of Peter Lynch, who’s recognized as one of the greatest money managers ever. He grew his legendary Fidelity Magellan Fund an average of 29 percent per year over the course of 13 years, so he might be worth lending an ear to! 

Despite what the world would have you believe, people who professionally manage money for a living don’t wield an upper hand over the independent investor. Why? The truth is, many of the big investment firms operate on fallacious ideas grounded in tradition, overinflated egos, and misinformation.

One of the biggest disadvantages for a large fund manager is that, as an institutional investor, they need liquidity to steer the huge numbers of shares they’re buying for their portfolios. In other words, their large size is their very handicap, as it limits them to buying shares in companies with a comparatively large amount available. A key characteristic of a promising superperforming stock, meanwhile, is the very opposite: smaller, nimbler companies that have a relatively smaller number of shares.

Second, managers of large funds can typically only invest from a selection of board committee approved companies, to whom they have to justify their decisions. Predictably, institutional boards tend to prefer other institutional favorites that ostensibly offer safety – think Google or Apple. As such, money managers generally toe the line to protect themselves. Then, if the shares dip, it’s attributable to the entire market ecosystem being in trouble; there’s no responsibility thrust on the manager. As the old Wall Street adage advises, “Nobody gets fired for buying IBM.” 

Independent investors, meanwhile, have no such committee leering over their shoulder, ready to fire them if they suffer some losses on a smaller, riskier-but-promising candidate. This allows individuals the freedom to leverage shifts and opportunities in the market. And guess what? Contemporary technology means you have the same tools as the professional trader – without the burden of having to do what is accepted and conventional. You won’t get rich by following the crowd and staying in the comfort zone of the well-trodden path! 

In the next section, we’ll start to map out what to look for to make spectacular, singular choices in investments. 

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The principles of Specific Entry Point Analysis

Mark Minervini’s legendary Specific Entry Point Analysis (SEPA) strategy is a methodology designed from three decades of actual trading experience and empirical, historical data on the stock market. It doesn’t just focus on a stock’s value – it also looks at how quickly the stock is rising and what led to its growth. “Time equals money” has a literal application when it comes to the stock market. 

Let’s dive right into SEPA’s key elements. We already know the fundamentals: look out for companies whose value is on a clear upswing, as reflected by growth in revenues, margins, and earnings. But what distinguishes companies with potential star power from those that actually manifest it? 

Superstar stocks are kindled by a spark that spurs them to stardom. It could be a freshly minted contract or partnership, an FDA-approved pharmaceutical development, or a hot new product with powerful branding. Think of the cult status of Apple’s iPhones, Macs, and AirPods; Microsoft’s monopoly on office essentials like Word, Outlook, and PowerPoint; and Google’s search engine whose name has become so ubiquitous that it would seem strange to say, “Can you look that up on the internet?”

These are big-name examples, but we’re actually looking for relatively youthful companies – ones within the first decade following their initial public offering (IPO). In the early 1990s, for instance, Minervini focused on trading little-known companies that had essentially no brand recognition but showed strong signs of growth and demand. One of these was US Surgical, which introduced pioneering equipment like the surgical staple and the tubes inserted through the abdomen during laparoscopic surgery. Others were companies in software and tech. The majority of investors are scared of companies whose names they don’t already know. But this is the antithesis of what you want to be doing if you’re looking for the next superstar stock. 

Once you find a stock with star potential, there will be at least one chance to harness it at a lower-risk price point before it rises at breakneck speed. So, timing your entry is essential. If you fumble this, you stand to suffer huge losses in the case that the stock plummets – which will happen sometimes! Get it right, though, and it could be your big fish. 

This leads into the next critical point of SEPA, which is timing your exits. Not all stocks with potential will result in huge margins of profit – and that’s even if you time your entry perfectly, at an optimal price point. As such, be careful to determine stop-loss points – junctures and boundaries at which you decide you will sell and pull out – in order to protect your bottom dollar. And even if you’ve got your hook on the prize, remember that at some point, you’ll be selling the stocks to make a profit.

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The thing holding you back is not the market – it’s you.

Do you have what it takes to score big on the stock market? 

The answer is yes. The market is not your biggest enemy – in fact, if you don’t take yourself seriously and dedicate the time, belief, and attention this task deserves, you might be the biggest barrier to your success.

If we look at the likelihood of success through circumstance, the pioneering trader Jesse Livermore had every reason to feel hopeless during the stock market crash of the 1920s. And yet, he succeeded. So let his words ring through to you: “Wall Street never changes, the pockets change, the stocks change, but Wall Street never changes, because human nature never changes.” 

One thing to keep in mind as you embark on (or renew) your trading journey is to not focus too much on the price/earnings (P/E) ratio; that’s the price of a stock conveyed as a multiple of the company’s value. Typically, investors tend to avoid high P/E stocks – but this is misguided. Minervini has found that potential superpower stocks often rapidly grow in their market rate, which means they might demand a premium price when you’re shopping around. Don’t let this scare you away! You get what you pay for, and if a company is on the cutting-edge of exciting new developments and on the verge of catalyzing into a meteor, the price is going to reflect that. So this might actually be a promising sign.

Though it’s difficult to imagine today, in the 1990s, no one was sure that the internet would explode in a matter of years – and with it, the value of tech stocks. In 1997, Minervini purchased shares of Yahoo! when it was trading at 938 times its earnings – meaning it had a very high P/E ratio. Yahoo! was not a household name at the time by any stretch of the imagination. In fact, most other investors Minervini spoke to recoiled from the thought of buying it, asking, “Ya-who?” Over the next two and a half years, the company would grow 7,800 percent, with its P/E ratio ballooning to more than 1,700 times its earnings. If you’d gotten in on even a sliver of that growth, you would have struck it big.   

This yields an important lesson: the P/E ratio is helpful as a reflection of popular sentiment. It’s what the market values a company’s earnings in the current moment. So, it’s a good temperature check – high P/E means there are high expectations for a portfolio, while low P/E means that the expectations are, well, lower. Most traders tend to overvalue stocks with low P/E numbers, but that’s a mistake. Stick to focusing on the potential for growth, and use the P/E as a guide. Don’t give it too much power and let it stop you from doing your own research and making your own calls.

This brings us to our next point: despite the fact that we’re all trained to like a bargain, do not invest based on what’s on sale. The allure of the cheap is poisonous – if you buy something simply because it’s a “good deal,” you’ll find it difficult to sell when it sinks even lower. This is a spiral to hell for investors. Instead of looking for a red-ticket item, invest your time and money in the companies that show signs of superstar potential. As a general rule, remember that you usually get what you pay for. Let that be both a warning and encouragement to do the work and trust yourself.

You don’t need a doctorate in math to succeed in the stock market. SEPA was developed after decades of on-the-ground failure, success, and experimentation – so don’t be afraid to roll up your sleeves and make mistakes until you hit your stride and find what works for you. 

Ultimately, no one is invested in your wealth and success as much as you – you are your greatest advocate here. As Henry Ford said, “There isn’t a person anywhere who isn’t capable of doing more than he thinks he can.”

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The Specific Entry Point Analysis methodology maximizes the chances of reward and minimizes risk. The technique is based on three principles. First, there are right and wrong times to purchase stocks. Second, you can learn how to identify superstar stocks before they hit a meteoric rise in price. And third, it is possible to make a small fortune by wisely investing in such stocks.

Remember, success doesn’t come to those who follow the crowd; you have to do your own research to identify the next big thing. We’re often limited by the barricades we set up in our own imaginations and sense of possibility. But everything you need is already at your fingertips. Believe in yourself, and remember that records are designed to be broken!

[Aarón Benítez · Rating 5 out of 5]

Este libro, basado en la metodología CAN SLIM de O´Neil, alberga un excelentísimo repertorio de estrategias consistentes para batir al mercado. En unos años en los que los economistas teóricos seguían escudándose en modelos conformes a la Hipótesis de los Mercados Eficientes, Minervini acumuló un retorno del más del 33000% en su cartera. El libro está repleto de gráficas con entradas en sus famosos Volatility Contraction Pattern (VCP), así como lugares donde posicionar Stop Loss y el como unificar los VCP con sorpresas positivas de carácter fundamental.

Personalmente, soy más de Swing que un trader de ruptura al más puro estilo Minervini. Aun así, creo que es imprescindible conocer el libro para posicionar mejor los Swings dentro de un mercado en etapa 1 o 2 -usando la definición de Stan Weinstein.

[Daniel Boloc · Rating 5 out of 5]

Great combination of fundamentals and technical analysis.

Nothing will come without hard work behind you stock decisions so "prepare, prepare, prepare".

[Tyler DiPetrillo · Rating 5 out of 5]

Very clear and concise way to look at a complicated system. I’ve started to implement his SEPA analysis method and it works. Great book, easy read, highly recommend.

[TWGMVP · Rating 5 out of 5]

Rip Fama

[Saket Sohan · Rating 5 out of 5]

Every page is like gold of information. A must read for anyone who wants to find his/her next super performance stock. Looking forward to read his next book in the series.

[DILEEP Abraham · Rating 5 out of 5]

An excellent book for those who want to plunge into investing. Simple explanations on how to make profitable entry and exit points. A techno fundamental approach to markets. A must read for anyone who wants to profit from market.

[Kristoffer · Rating 5 out of 5]

This book is very informative, this is very useful for traders, both old and new in the market. This is a must read book and should be ready more than once.

[Naveen Kumar · Rating 5 out of 5]

I always wanted to know how big traders will select stocks and whats their process is.
This just gave me that. I surely know more things about stock parameters than before, but this book is not some crash course. It is the process, functions and methods Mark Minervini use.
He saw 8 bull markets and 8 bear markets. Who doesn't want to read those stories?

My annotations:
1) success needs an opportunity. Stock market is full of opportunities on daily basis.
2)Optimists are right, pessimists are also right. It's up to you to choose which you will be.
3) Getting interested will get you started. But commitment will get you to the finish line.
4) An ounce of action is pounds of theory.
5) Don't practice paper trading.
6) If you treat trading like a hobby, it will pay you like a hobby, and hobbies don't pay: they cost you.
7) Who are you a trader or investor?
8) The SEPA strategy to pick stocks.
9) Key elements of SEPA: Trend, Fundamentals, Catalyst, Entry points, Exit points.
10) Generally super-performance occurs when the stock is relatively young.
11) Size matters.
12) The really exciting, fast-growing companies with great potentials are generally not in the bargain bin.
13) Value doesn't move stock prices, people do.
14) PE expansions.
15) In 4 stages of stock. Pick stock in stage 1 and observe. But in stage 3 and sell in stage 3 or early 4.
16) The price maturation cycle.
17) TRUST BUT VERIFY.
18) Keep a big eye on the leaders.
19) Your portfolio should consist of the best companies in four to five top sectors.
20) Past has negligible impact on future.
21) The price cycle of every stock.
22) Check products, sales and how sales are made.
23) The worst situation is when a company has limited price power. (Does the company has power to reduce or increase its prices.)
24) Company insights (Management, inventory and market sales)
25) One bull market leaders rarely show up in the next market.
26) The volatility control pattern.
27) Pivot points
28) A good company is not always a good stock.
29) Don't be afraid to buy unfamiliar names. It all comes down to numbers.
30) Losers average losers
31) Over diversification is not a good idea. (5-6 are good)
32) Stoploss is crucial.
33) It is more important to make money than to be right.
34) Write down your strategy before buying itself.

[Dean Paradiso · Rating 3 out of 5]

This was an interesting and worthwhile read, as it covers a lot of bases in one book. It covers Risk Management, Technical Analysis with some decent patterns and technical ideas, Fundamental Analysis on earnings, future leaders, etc., and it gives some of the indicators in the author's own trading system (SEPA). That said, it didn't really suit my trading style, and in the end didn't work for me personally. This is mainly because it seems more focused on large caps, and the behaviour of long-term large caps vs small caps and speculative growth stocks. He has tight risk controls (around 10%) for stop losses, which would easily be triggered with volatile stocks causing one to mostly be stopped out. Futher, not all the patterns he mentions would work for all stock types. He also doesn't focus much on sectors and what's currently 'hot' in the market, which is important. He always buys high and goes for higher prices, and never buys low or at lows, thinking there's something wrong with low priced stocks. This doesn't suit everyone, and can lead to buying the top (unless you're smart enough to work out what stage the stock is in -- a bit meaningless for new IPOs and small caps). Overall, worth a read, but may only work for some.

[Terry Kim · Rating 5 out of 5]

Solid book on investing/trading the Stock Market. I love the fact that author doesn't leave any room for ambiguity. The details of the author is described very technically and honestly if you can follow the strategy with great discipline you will make money.

Biggest take away for me in this book is the strategy of trading breakouts. Technically speaking I have been following similar strategy prior to reading this book as I've found many successful traders following similar variations.

There are also great tips on the mindset of a successful trader. By being strictly risk averse and only taking high probability setups (buy high sell higher).

Great read for beginner to pros.

[Andy D · Rating 5 out of 5]

wish I read this long time ago

Well developed ideas for anyone who wants to become a trader. A lot of ideas taken from previous super traders but Mark still describes several nuggets anyone can learn from. Full of examples and charts to study. Only thing I would change was the charts. They were difficult to interpret because the price scales seemed too broad. I wish the buy points was more clear. Not sure why the publisher (or author) didn't include better charts). Overall, I'm glad I finally had chance to complete this book.

[Thuy Linh · Rating 2 out of 5]

Actually I don't like it much. It does not give any new information.
However, I learn that I need more patience.
We are not fore-castors but interpreters.
Look for evidence prior entry. Stay out off supports which many people see. Look for washouts.
Do not guess. Just look for evidence.

[Ranjit Singh · Rating 5 out of 5]

Book is a good read on various technical analysis methods used by author to achieve super performance in equity investing in a shorter period of time. There are two school of thoughts in equity investing, one is fundamental analysis and other one is technical analysis. Both the methods have some advantages and disadvantages. Author applied methods of technical analysis to fundamentally strong companies. He has explained the price movement of fundamentally strong companies by means of various charts and data patterns. He has explained four stages of stock price movement and provided various indicators for each stage. He explained why it is necessary to enter the stock at specific entry point to gain maximum profit in a shortest period of time. Author has explained how the price volume chart of any stock can be used to analyse various events happening in the company like revision of earning estimates, institutional buying and many more. Author has explained the importance of relative strength of stock price in case of bear market and explained how the stocks with good relative strength can outperform their peers. Ample detailed explanation of Volatility contraction pattern is given author by examples of various stock charts which is one of the leading indicators used by many technical analysts these days. Author has devoted two complete chapters on importance of risk management in equity investment and explained how important is to cut down the losses at early stage of price decline of stock

For detailed review kindly refer

https://tinychangesbigresults.blogspo...

[Lan-Anh (Vivian) · Rating 4 out of 5]

Sách này nghe thoạt đầu tiêu đề thì tưởng đao to búa lớn không apply được gì nhưng đọc xong thì mình thấy cũng có nhiều quote hay, có khi còn phải cắt ra dán ở bàn làm việc.
- Triết lý đầu tư của Mark không phụ thuộc quá nhiều vào yếu tổ cơ bản cũng như giá trị, mà ông ấy chọn "siêu CP" - là những CP đang trên đà tăng trưởng mạnh để earn được liên tục từ các giao dịch mà không bị chôn vốn. Đây có thể là những công ty có đột phá công nghệ với P/E lớn - thể hiện sự kỳ vọng cao của NĐT. Để chọn được những CP này thì Mark dành khoảng 80 tiếng / tuần để phân tích. Tất nhiên, bản thân mình bận làm full-time ko thể theo phong cách này được. Tuy nhiên, biết thêm về trường phái đầu tư tăng trưởng cũng mở mang cho mình khá nhiều về mặt tư duy.
- Dù không đặt nặng yếu tố cơ bản nhưng Mark vẫn cân nhắc đánh giá chất lượng lợi nhuận: LN đến từ tăng doanh thu (đảm bảo) hay cắt giảm chi phí / tiền thu vào 1 lần (không đảm bảo)...
- 1 CP thường có chu kỳ giá với 4 gđ -> nên mua ở gđ 2 trên đà tăng trưởng và bán trước khi sang gđ 3 sideway.
- Quản trị rủi ro: luôn coi phần lời kiếm được từ gđ trước là vốn trong gđ tiếp theo (nghĩa là nâng con số cắt lỗ lên). Như vậy thì mới đảm bảo không lose khoản đó vào những sai lầm có thể có của mình.

[Mariana W. Colan · Rating 5 out of 5]

𝙄 𝙤𝙣𝙘𝙚 𝙛𝙤𝙪𝙣𝙙 𝙢𝙮𝙨𝙚𝙡𝙛 𝙙𝙚𝙚𝙥𝙡𝙮 𝙞𝙣𝙫𝙚𝙨𝙩𝙚𝙙 𝙞𝙣 𝙬𝙝𝙖𝙩 𝙄 𝙗𝙚𝙡𝙞𝙚𝙫𝙚𝙙 𝙬𝙖𝙨 𝙖 𝙜𝙚𝙣𝙪𝙞𝙣𝙚 𝙤𝙣𝙡𝙞𝙣𝙚 𝙧𝙚𝙡𝙖𝙩𝙞𝙤𝙣𝙨𝙝𝙞𝙥 — 𝙖𝙣𝙙 𝙄 𝙚𝙣𝙙𝙚𝙙 𝙪𝙥 𝙜𝙚𝙩𝙩𝙞𝙣𝙜 𝙨𝙘𝙖𝙢𝙢𝙚𝙙 [$1𝙢] | 𝙛𝙚𝙡𝙩 𝙗𝙚𝙩𝙧𝙖𝙮𝙚𝙙, 𝙛𝙤𝙤𝙡𝙞𝙨𝙝 𝙚𝙫𝙚𝙣, 𝙖𝙣𝙙 𝙖𝙩 𝙛𝙞𝙧𝙨𝙩 𝙄 𝙙𝙞𝙙𝙣'𝙩 𝙠𝙣𝙤𝙬 𝙬𝙝𝙚𝙧𝙚 𝙩𝙤 𝙩𝙪𝙧𝙣. 𝘽𝙪𝙩 𝙄 𝙢𝙖𝙙𝙚 𝙖 𝙙𝙚𝙘𝙞𝙨𝙞𝙤𝙣: 𝙄 𝙬𝙤𝙪𝙡𝙙 𝙙𝙤𝙘𝙪𝙢𝙚𝙣𝙩 𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜. 𝙄 𝙨𝙖𝙫𝙚𝙙 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙢𝙚𝙨𝙨𝙖𝙜𝙚𝙨, 𝙥𝙖𝙮𝙢𝙚𝙣𝙩 𝙧𝙚𝙘𝙚𝙞𝙥𝙩𝙨, 𝙖𝙣𝙙 𝙖𝙣𝙮 𝙤𝙩𝙝𝙚𝙧 𝙥𝙧𝙤𝙤𝙛 𝙩𝙝𝙖𝙩 𝙢𝙞𝙜𝙝𝙩 𝙝𝙡𝙥 𝙡𝙖𝙩𝙚𝙧. 𝙒𝙝𝙚𝙣 𝙄 𝙜𝙖𝙩𝙝𝙚𝙧𝙚𝙙 𝙚𝙣𝙤𝙪𝙜𝙝 𝙙𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙖𝙩𝙞𝙤𝙣, 𝙄 𝙧𝙚𝙖𝙘𝙝𝙚𝙙 𝙤𝙪𝙩 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙤𝙛𝙛𝙞𝙘𝙞𝙖𝙡 𝙘𝙮𝙗𝙚𝙧 𝙘𝙧𝙞𝙢𝙚 𝙘𝙝𝙖𝙣𝙣𝙚𝙡𝙨: 𝙈𝙖𝙘𝙞𝙤𝙛𝙤𝙣𝙚𝙨𝙥𝙮𝙧𝙞𝙭@𝙜𝙢𝙖𝙞𝙡.𝙘𝙤𝙢 𝙖𝙣𝙙 𝙚𝙭𝙥𝙡𝙖𝙞𝙣𝙚𝙙 𝙩𝙝𝙚 𝙛𝙪𝙡𝙡 𝙩𝙞𝙢𝙚𝙡𝙞𝙣𝙚 𝘽𝙚𝙘𝙖𝙪𝙨𝙚 𝙢𝙮 𝙚𝙫𝙞𝙙𝙚𝙣𝙘𝙚 𝙬𝙖𝙨 𝙘𝙡𝙚𝙖𝙧 𝙖𝙣𝙙 𝙩𝙝𝙤𝙧𝙤𝙪𝙜𝙝, 𝙩𝙝𝙚 𝙘𝙖𝙨𝙚 𝙬𝙖𝙨 𝙞𝙣𝙫𝙚𝙨𝙩𝙞𝙜𝙖𝙩𝙚𝙙 𝙨𝙚𝙧𝙞𝙤𝙪𝙨𝙡𝙮 𝙖𝙣𝙙 𝙢𝙖𝙠𝙚 𝙥𝙤𝙨𝙞𝙩𝙞𝙫𝙚 𝙥𝙧𝙤𝙜𝙧𝙚𝙨𝙨 𝙂𝙤𝙞𝙣𝙜 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙩𝙝𝙞𝙨 𝙤𝙧𝙙𝙚𝙖𝙡 𝙞𝙩 𝙬𝙖𝙨 𝙩𝙝𝙚 𝙝𝙖𝙥𝙥𝙞𝙚𝙨𝙩 𝙢𝙤𝙢𝙚𝙣𝙩 𝙤𝙛 𝙢𝙮 𝙡𝙞𝙛𝙚 𝙝𝙤𝙬 𝙨𝙢𝙖𝙧𝙩 𝙩𝙝𝙚𝙮 𝙬𝙤𝙧𝙠 𝙩𝙤 𝙜𝙚𝙩 𝙢𝙮 𝙢𝙤𝙣𝙚𝙮 𝙧𝙚𝙘𝙤𝙫𝙚𝙧𝙚𝙙 𝙗𝙖𝙘𝙠’ 𝙄 𝙡𝙚𝙖𝙧𝙣𝙚𝙙 𝙢𝙮 𝙡𝙚𝙨𝙨𝙤𝙣 𝙞𝙣 𝙖 𝙝𝙖𝙧𝙙 𝙬𝙖𝙮 𝙤𝙛 𝙗𝙚𝙬𝙖𝙧𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙘𝙧𝙮𝙥𝙩𝙤 𝙩𝙧𝙖𝙙𝙚’ 𝙖𝙣𝙙 𝙩𝙖𝙪𝙜𝙝𝙩 𝙢𝙚 𝙩𝙬𝙤 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩 𝙩𝙝𝙞𝙣𝙜𝙨: 𝙛𝙞𝙧𝙨𝙩 - 𝙙𝙤 𝙣𝙤𝙩 𝙡𝙚𝙩 𝙛𝙚𝙚𝙡𝙞𝙣𝙜𝙨 𝙘𝙡𝙤𝙪𝙙 𝙮𝙤𝙪𝙧 𝙟𝙪𝙙𝙜𝙢𝙚𝙣𝙩 𝙬𝙝𝙚𝙣 𝙢𝙤𝙣𝙚𝙮 𝙞𝙨 𝙞𝙣𝙫𝙤𝙡𝙫𝙚𝙙; 𝙨𝙚𝙘𝙤𝙣𝙙 — 𝙞𝙛 𝙮𝙤𝙪'𝙧𝙚 𝙚𝙫𝙚𝙧 𝙨𝙘𝙖𝙢𝙢𝙚𝙙 𝙤𝙣𝙡𝙞𝙣𝙚, 𝙙𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙥𝙚𝙧𝙨𝙞𝙨𝙩𝙚𝙣𝙩, 𝙘𝙤𝙧𝙧𝙚𝙘𝙩 𝙧𝙚𝙥𝙤𝙧𝙩𝙞𝙣𝙜 𝙘𝙖𝙣 𝙢𝙖𝙠𝙚 𝙖 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙘𝙚. 𝙄'𝙢 𝙨𝙝𝙖𝙧𝙞𝙣𝙜 𝙩𝙝𝙞𝙨 𝙗𝙚𝙘𝙖𝙪𝙨𝙚 𝙄 𝙬𝙖𝙣𝙩 𝙤𝙩𝙝𝙚𝙧𝙨 𝙩𝙤 𝙠𝙣𝙤𝙬 — 𝙮𝙤𝙪 𝙖𝙧𝙚 𝙣𝙤𝙩 𝙖𝙡𝙤𝙣𝙚, 𝙧𝙚𝙥𝙤𝙧𝙩 𝙖𝙣𝙮 𝙨𝙘𝙖𝙢 𝙩𝙤 𝙩𝙝𝙚 𝙘𝙮𝙗𝙚𝙧 𝙘𝙧𝙞𝙢𝙚 𝙖𝙪𝙩𝙝𝙤𝙧𝙞𝙩𝙞𝙚𝙨 𝙩𝙝𝙚𝙮 𝙢𝙖𝙠𝙚 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙘𝙚. 𝘽𝙪𝙩 𝙤𝙣𝙡𝙮 𝙞𝙛 𝙮𝙤𝙪 𝙨𝙩𝙖𝙮 𝙘𝙖𝙡𝙢, 𝙘𝙤𝙡𝙡𝙚𝙘𝙩 𝙚𝙫𝙞𝙙𝙚𝙣𝙘𝙚, 𝙖𝙣𝙙 𝙝𝙖𝙣𝙙𝙡𝙚 𝙞𝙩 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙩𝙝𝙚𝙢.

[Itzhak Keren · Rating 5 out of 5]

I give 5 starts to non-fiction book if it fulfills two conditions:
1. It's a fluent reading (I don't struggle to read it).
2. I found at least one valuable thing that I can implement in my own life.
This book is a fluent read and in spite of the fact that I trade options not stocks (unlike Mr. Minervini who trades stocks but not options) I found several of his ideas useful for me and I implement them in my own trading.
Several author's statements challenged my own views on trading. Even if eventually, after carefully considerations, you dismiss these statements as not suitable to your own style, the very fact that you challenged your views is important. Our own confirmation biases need to be stressed from time to time.
Some of his ideas found their way to my "Think About Again" file where I put things that I feel "there is something here but I don't know yet what to do with this".
It's mentioned in the book that the author was heavily influenced by Jesse Livermore and this led me to read Jesse Livermore "How To Trade in Stocks" and Richard Smitten book on Jesse Livermore (both are highly recommended). Thanks to Mr. Minervini for this too.

[Synthia Salomon · Rating 3 out of 5]

In 2013, I got married. Together we created a mission of generational wealth.

This was one of our book investments.

Trade Like a Stock Market Wizard (2013) is a guide to the SEPA (Specific Entry Point Analysis) investment methodology. It navigates you through managing risk, maximizing profits, and, most importantly, having faith in your own ability. You don’t have to be a professional to get started in the stock market – in fact, your status as a lay investor might actually be your biggest strength.

Notes and thoughts:
Focus on earning.

Don’t trade like a professional.

“The amateur investor has many built-in advantages that could result in outperforming the experts. Rule #1 is to stop listening to the professionals.” These are the words of Peter Lynch, who’s recognized as one of the greatest money managers ever. He grew his legendary Fidelity Magellan Fund an average of 29 percent per year over the course of 13 years, so he might be worth lending an ear to! 

You won’t get rich by following the crowd and staying in the comfort zone of the well-trodden path!

[Amin Mo · Rating 5 out of 5]

It’s a great book, but I believe caution must be taken when trying to apply it, after all, it’s an aggressive investing book, and there are thing to consider.
I wouldn’t say that the portfolio should be based solely on this investing method, I would actually even say that it should take no more than 30% of it.
And I like that it shows with every method a true example of a company that went through a certain event that’s is being talked about along the chart. But then does it ALWAYS happen that way? I have myself examined the four-stages stock cycle, (one of the most important subjects in the book), and I can verify that it’s true most of the times, but not always. And there are more complicated issues, specially when it comes to technical analysis.
All-in-all, it’s a great book for spotting prospect super-performing stocks. It’s addresses fundamental analysis, and goes in depth in technical analysis.

[Alberto Cajiga · Rating 5 out of 5]

Personalmente el libro me gusto mucho xq te da herramientas de vida para ganarle al stock market con analisis tecnico para saber si un Stock esta teniendo traccion de crecimiento exponencial, el famoso “Tee Cup”.
Desde que empeze aplicar su metologia de Minervini mi performance en el stock market a mejorado de manera significativa, es un libro que recomiendo ampliamente.
Otro gran concepto en época de crisis es proteger tu capital en el stock market “Bear Market”, con stop losses y tomar utilidad en el corto plazo.
Esto lo convine con un curso que tome con el este ano, una verdadera joya de resultado.

[Dom · Rating 5 out of 5]

Excellent reading and my new favorite investing book. Mark’s examples of real life experiences paired with historical stock analysis is the type of knowledge people seek a life time for. Not only does the author bestow incredible investing philosophy and lessons, he is an excellent writer. Too often when reading finance books is the author so clearly gifted in their field of study but not in writing. The same cannot be said for Mark. He is an excellent writer and I found his outlook on life motivating. Would easily read a motivation focused book by him because he clearly reads a ton and has great life perspective. I enjoyed reading every single page of this book. Thank you!