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

As most other traders on the globe, I myself have read numerous books on finance and trading in particular. Most of the reputable books written by well known authors in the trading realm. I came across Mark's book because I have subscribed to his tweeter feed. At first I wasn't sure if he was just always promoting his book to compensate from the sales. But I did more research on him and his background. On his website he mentions his annual event that he hosts, and last year he had David Ryan as guest speaker at that event. If you haven't heard of David Ryan, please read Market wizard by Jack Schwager. I said to myself if David Ryan had written a foreword to this book I should at least read it and evaluate it's content. I must say I was very impressed. Literally, this book may become a classic, he really explains what is vitally important to look for when searching for good companies to trade in. I found that the last two chapters in the book are the most important and he emphasizes on the importance of risk management. He brings clarity on the stop loss rule and the mathematical results if your stock is 10% below your purchase price and you haven't sold it. Mark mentioned in a podcast on @don'ttalkaboutyourstocks, that he had wanted to add chapters based on when to sell to keep most of your gains,but his publisher said it would be too much content. I realized after many of my trades, that the selling part is actually more important than the buying part. Well, he pointed out that if he were to write another book he'll add that in. For those of you contemplating on purchasing this book, at the price that it sells for it is worth the investment. It will save you the cost of the book and more if you apply his concepts. I would imagine that this book could be good for beginners, but only after you have read William O'Neil's book: How to make money in stocks, first. Basically Mark brings clarity to many of the questions in that book. Congratulations Mark on a well written book.

After exploring numerous books on swing trading, I can confidently say that this one stands out as the best I've encountered. The chapters dedicated to risk management are particularly exceptional, offering insights that have truly transformed my understanding. If you're serious about improving your trading skills, this book is a must-read!

This was a good read for sound advice on a particular trading strategy. I took 7 pages of hand-written notes and I have been trading for 3 years with some serious professional education. Some points: specialize in a particular trading style; buy on the uptrend, not hoping for a bounce off the bottom; 5-point Specific Entry Point Analysis, which mixes fundamentals (earnings, revenue, new products/services, relative strength) with chart analysis (technicals; cup and handle, high tight flag), good description of the 4 stages of a stock cycle (always trade in stage 2); the fallacy of P/E (quality stocks cost more to buy so have higher P/E); some risk management, but read Think and Trade Like a Champion for that and position sizing. "Think and Trade" will be a very quick read if you read them back-to-back as 80% is a review/copy of the first book but not as much fundamentals background (both worth reading). I like and agree with most of the content. I don't agree with the trailing stop loss placement advice as there is scant mention of support/resistance technical analysis. I also don't agree with who he thinks are the market participants for a a certain given volume, which is important to know who you are trading with. For example, a 500% spike in volume is not buy-side institutions (BlackRock, Fidelity, Vanguard) as is taught in this book. But I like the discussion about retail trying to get back to break even and how volume drops off before a breakout (shakeout and supply/demand). Also, MACD might be overused by retail and laggy to be of use anymore for entry/exit signals.

I have read both ‘Trade Like A Stock Market Wizard’ and ‘Think & trade Like a Champion’ multiple times over, having first read ‘Trade Like A Stock Market Wizard’ in April 2018. 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!

Ich warne: Dieses Buch hat es in sich. Faktenreich, tolle Chartbeispiele und SEPA, eine von Minervini entwickelte Methode, um Wachstumsaktien zu identifizieren. In der Investmentwelt gibt es verschiedene Strategien. Die einen kaufen passiv ETF und halten diese für Ewigkeiten nach der Buy-and-hold Methode. Dann gibt es Value Investoren wie Graham oder Buffett, die anhand von Fundamentaldaten unterbewertete Aktien suchen und diese erwerben. Doch im Investmenthorizont gibt es eine weitere Strategie, die leider zu unrecht von vielen Investoren gemieden wird: Growth + Momentum Investing, also das Kaufen von Aktien mit steigenden Umsätzen, Gewinnen, Margen sowie Preisen. Während im Value Investing zu "teure" Aktien gemieden werden, sind im Growth Investing genau diese Aktien von Interesse. Denn ein hohes P-E-Ratio kann darauf hinweisen, dass Anleger auf Gewinnwachstum setzen. Das ist ein positives Signal, denn diese Erwartung zeigt das Vertrauen in die weitere Entwicklung des Unternehmens. Zudem existiert der Momentum Effekt, eine bis 1700 nachgewiesene, starke Marktanomalie: Aktien, die über einen bestimmten Zeitraum gestiegen sind, setzen diesen Trend fort. Minervini kombiniert in seinem Buch die Analyse von Fundamentaldaten, technische Analyse sowie die Auswahl idealer Einstiegszeitpunkte in Wachstumsaktien und belegt seine Kriterien. Das Buch ist verständlich geschrieben, führt zusätzlich ins Money und Risikomanagement ein und eröffnet eine neue Investmentstrategie mit großen Potentialen. Das Buch ist ein Muss sowohl für Value Investoren, die über den Tellerrand schauen wollen, als auch für jene, die wissen wollen, wie man Aktien mit >100% Wertzuwachs in kurzer Zeit systematisch identifizieren kann. Natürlich gelingt nicht jedes Investment, denn letztlich sucht man sich lediglich Aktien mit hoher Wachstumswahrscheinlichkeit aus, aber die Investmentkriterien in Kombination mit intelligentem Risiko- und Moneymanagement versprechen gute Renditen :)

I’ve started investing last 2015 but I have little to no progress. Last year the pandemic hit, lost my job due to covid. I decided to trade with my savings. But before that, I committed myself to improve and learn. Thankfully I bumped to this book. Since then, I more than doubled my account. Looking back, I see why I’m not profitable. I give this book one of the best trading book ever.

O melhor dos melhores! Este livro é o mais completo que já li sobre o estudo de tendências, comportamento de preço, volume, e fundamentos de empresas que possuem uma performance acima da média na bolsa. Estudo já há algum técnicas para seguir tendencia no mercado mas gosto de misturar comportamento de preço (demanda do mercado) com fundamentos da empresa. Já li muitos livros de análise técnica dos mais diversos assuntos e também já li vários dos livros indicados pelo Florian Bartunek, Henrique Bredda, Dynamo entre outras. O livro do Minervini é fora de série. Aborda diversos assuntos de maneira muito esclarecedora. Pra quem já estuda tem bastante tempo, ele faz muito bem o trabalho de juntar vários conteúdos distintos e te entregar uma filosofia de investimentos que te faz focar nas informações essenciais. Definitivamente dos mais de 30 livros que li, este está no top 3. Por causa disso minhas próximas duas leituras são os outros 2 livros dele. Vale cada centavo!

Muy buen libro, un libro obligatorio para cualquier especulador