The seven rules upon which Mark Minervini built his 38-year career in trading:
1. Always use a Stop Loss order.
2. Determine the exit point (stop) before entering the trade.
3. Never risk more than you expect to gain.
4. Lock in good profits and do not overtrade (sell and take your profit).
5. Never allow a good, large profit to turn into a loss.
6. Never use the "Average Down" strategy when the market is falling.
7. Do not be reckless (take foolish risks) when your results are poor or in a "losing streak."
Note: Minervini achieved an average annual return of approximately 220% over five consecutive years in the 1990s and an overall return of 33,500%. During that five-year period, his largest quarterly loss was only -1%.
$DEGO
$COS
1. Always use a Stop Loss order.
2. Determine the exit point (stop) before entering the trade.
3. Never risk more than you expect to gain.
4. Lock in good profits and do not overtrade (sell and take your profit).
5. Never allow a good, large profit to turn into a loss.
6. Never use the "Average Down" strategy when the market is falling.
7. Do not be reckless (take foolish risks) when your results are poor or in a "losing streak."
Note: Minervini achieved an average annual return of approximately 220% over five consecutive years in the 1990s and an overall return of 33,500%. During that five-year period, his largest quarterly loss was only -1%.
$DEGO
$COS
