10 Rules For Super performance by Mark Minervini
Rule #1-Concentrate,don't diversify
·Keeps things manageable
·Keeps you focused
·Allows you to be patient-the luxury of integrity
→Focus on the very best names
Rule #2 -Turn over your portfolio
·Forget about getting the high
Nail down decent profis when you have them
Rule #3-Time your trades
·Time is money
·Learn how to identify a VCP set-up
→Develop "sit-out power" -only trade proper set-ups and allow them to come to you
Rule #4-Manage the risk reward relationship
·Do the math
→Rule of Thumb:Cut your losses at your gains
Rule #5-Trade directionally
·Only buy in the direction of the trend
·Never average down
Rule #6-Build on success
·Let small wins finance larger risk
→If you can't make money with 25% or 50% invested,do you think you can at 100%?
·Never let a good size gain turn into a loss
·Backstop your profit
Rule #8-Sell into strength
·Get out before the stock can break
·It's better to sell early than late
·Selling half is a win/win solution
Rule #9-Conduct post-analysis regularly
·Results don't lie
·Improve your weaknesses
Rule#10-Avoid style drift
·Define your trading style and become a specialist
·Be willing to sacrifice
#ArbitrageTradingStrategy
Rule #1-Concentrate,don't diversify
·Keeps things manageable
·Keeps you focused
·Allows you to be patient-the luxury of integrity
→Focus on the very best names
Rule #2 -Turn over your portfolio
·Forget about getting the high
Nail down decent profis when you have them
Rule #3-Time your trades
·Time is money
·Learn how to identify a VCP set-up
→Develop "sit-out power" -only trade proper set-ups and allow them to come to you
Rule #4-Manage the risk reward relationship
·Do the math
→Rule of Thumb:Cut your losses at your gains
Rule #5-Trade directionally
·Only buy in the direction of the trend
·Never average down
Rule #6-Build on success
·Let small wins finance larger risk
→If you can't make money with 25% or 50% invested,do you think you can at 100%?
·Never let a good size gain turn into a loss
·Backstop your profit
Rule #8-Sell into strength
·Get out before the stock can break
·It's better to sell early than late
·Selling half is a win/win solution
Rule #9-Conduct post-analysis regularly
·Results don't lie
·Improve your weaknesses
Rule#10-Avoid style drift
·Define your trading style and become a specialist
·Be willing to sacrifice
#ArbitrageTradingStrategy
