Managing risk by having rules, like those Mark Minervini Was talking about, can reduce emotions. I have These rules written down and have them next to me while trading
the big advantage of MM is that he sees trading as a business like the vendor next door sees his potato trading business. he buys the potatos for 100, sells them wholesale to the supermarket for 110. takes the profit and moves on. sure, the potatoes will be sold to the endconsumer for 200 in retail but that doesnt bother him because its a whole other sales channel with different requirements. only in stock trading we get shaken out of our "business model" because we can observe price bids 24/7. same trading....completely different emotions
Really would like to see interviews with some masters to share their trade details, such as how they plan that particular trade, what reason, what stock group, etc.
His insights and strategies have been helpful to most of us. Remember, success in trading and investing takes time and effort, but with dedication and discipline, it is achievable
After 4 years trading I stop skipping Risk Management chapters, videos, comments etc…on contrary i started heavily pay attention on it…it turned my trading positively..knowing that i can suffer if i don’t apply it…
"Draw your line in the sand" and "know where you are getting out before you ever get in" MM once said. Those 2 quotes are pure gold. Don't break your rules otherwise they are merely guidelines.
Keyword "habitually". Meaning, does your strategy need adjustment because across 20-100 occurrences, you need to tweak something. You don't become concerned about 1 loss or "missed opportunity". You work on your habits your STRATEGY, not your moments. It's a business plan. It's not a casino. It's business.
One of the best from Mark! Risk management is #1 even before entry tactics, etc. Keeping losses minuscule allows you to get quick, easy R multiple gains. No need to hit homeruns. Just keep getting on base and keep flipping/compounding.
Ali- you truly are an incredible host - always pushing to get more details out of the guests. So grateful for you. IBD isn’t the same when you’re not there.
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
I don't comfortably throw recommendations around on the internet, but I've been working with 'Karen Leigh Owens'. God, she's brilliant! I'm sure there are others who are good.
MM- absolutely a legend on the importance of risk management. I need to listen to this every day. 😮😊
Huge fan of Mark! He never pretends to know where the market is heading like most of those so called gurus out there. Always Risk First!
Managing risk by having rules, like those Mark Minervini Was talking about, can reduce emotions. I have These rules written down and have them next to me while trading
the big advantage of MM is that he sees trading as a business like the vendor next door sees his potato trading business. he buys the potatos for 100, sells them wholesale to the supermarket for 110. takes the profit and moves on. sure, the potatoes will be sold to the endconsumer for 200 in retail but that doesnt bother him because its a whole other sales channel with different requirements. only in stock trading we get shaken out of our "business model" because we can observe price bids 24/7. same trading....completely different emotions
Well done Ali. This clip is gold
Really would like to see interviews with some masters to share their trade details, such as how they plan that particular trade, what reason, what stock group, etc.
Manage Risk. That’s the job.
Excellent
Thank you so much for Sharing
How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by Fergus waylen a widely known crypto consultant
I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week....
I made a lot from last week, a vision of the effective signals alone assured me of the turnovers. all thanks to Mr Fergus Waylen
His insights and strategies have been helpful to most of us. Remember, success in trading and investing takes time and effort, but with dedication and discipline, it is achievable
Mr fergus is ahead of the curve, many have not realized this yet.!
living legend - this is where the rubber meets the road
What does Upstart do again? lmao
After 4 years trading I stop skipping Risk Management chapters, videos, comments etc…on contrary i started heavily pay attention on it…it turned my trading positively..knowing that i can suffer if i don’t apply it…
"Draw your line in the sand" and "know where you are getting out before you ever get in" MM once said. Those 2 quotes are pure gold. Don't break your rules otherwise they are merely guidelines.
Ali, This is a keeper. The management of risk is number one priority and Mark explains it so well. Thank you for posting it.
Sell ON THE WAY up. That's what you gotta do folks!
Keyword "habitually". Meaning, does your strategy need adjustment because across 20-100 occurrences, you need to tweak something. You don't become concerned about 1 loss or "missed opportunity". You work on your habits your STRATEGY, not your moments. It's a business plan. It's not a casino. It's business.
Very nice explanation of Risk Management
Still people will not respect risk, they will just look how stock doubled but they don’t see what may happen adversely. Thank you Mark.
Brilliant!
One of the best from Mark! Risk management is #1 even before entry tactics, etc. Keeping losses minuscule allows you to get quick, easy R multiple gains. No need to hit homeruns. Just keep getting on base and keep flipping/compounding.
Mark is the real GOAT, the ultimate MVP
Mark said “your goal is to make money.” I would like him to explain what “selling” looks like from Mark.
Excellent info.as usual Alissa.
Gonzalez Sarah Young Timothy Davis Donna
Love Mark! Thanks for sharing!
Stop yourself from saying...would have, could have, should have!
Great as always..Mark 😊
Ali- you truly are an incredible host - always pushing to get more details out of the guests. So grateful for you. IBD isn’t the same when you’re not there.
Ali, once a month isn't enough. I could learn from you everyday.
Thank you! Exactly what I needed to hear as a newbie….and forever!
Big fan of mark minervini....👍👍👍
MM is just incredible. One to watch over and really internalise.
lol is Ken Shreve even a part of this conversation?
Godly
V good 👍👍🎉🎉🇮🇳
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
Your advisor must be really good, how I can get in touch with them as my porfolio isnt doing well.
I don't comfortably throw recommendations around on the internet, but I've been working with 'Karen Leigh Owens'. God, she's brilliant! I'm sure there are others who are good.
I have a plan that wroks perfectly for me I just need to work on executing my plan perfectly
Which episode this is so that I could find in IBDlive?
Wednesday 2/28’
His Upstart stock he recommended at the highs should come back when they cut rates lol 😆
Thank you perfectly said
Thank you once again 😊😊
Hi Alissa - Do you have a recording of the full interview ?
Mark said it best!
When Mark & David talks, you listen.
“…the goal is to make money 💴 “- FACTS!!!
You all do such an awesome job
If you sold Paloalto when it went down you are a fool.
Does make so much sense. Absolute legend!
great discussion
For me it all boils down to greed and fear.
Good talk
MORE MOREEEEEE
7:00 Risk first
Great words of wisdom!! Love Mark's books and advice. Great work Ally and Mark, appreciate it! Each day I continue to work on managing risk. Thanks,