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Mike

@MarketBattler

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2023 MTP, MPA Subscriber Mark Minervini VCP focused trader. Trader 25 years Canslim for 17 years. Not recommending any stocks. Do your own analysis. Just ideas!

Victoria, Canada
Joined February 2011
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@MarketBattler
Mike
6 years
Taro Pharmaceuticals was one of the biggest winners in the bear market.
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@MarketBattler
Mike
5 hours
@Clement_Ang17 Sitting is a good idea. I go back to Jan 2021 and similar difficult markets in his archived weekly sessions-I see MM looking at short bases that ultimately failed. I don't really see the nice VCP patterns from the MTP Manual. So this chop fest is creating the patterns we need.
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@MarketBattler
Mike
1 day
"You should be trading you largest when you are trading your best and trading your smallest when you are trading your worst. " Minervini. Sometimes the market is not ready to give gains just yet. Sometimes it's 2 steps forward and 2 steps back. That's why I love his de-risking
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@MarketBattler
Mike
1 day
What I am doing currently is staying put and let the positions stop me out or show gains. I am looking for violations or confirmations. What I have not done is EARNED THE RIGHT TO TRADE LARGER. I have taken a 10% profit on $GAMB on half and the 5 out of 6 stocks are profitable.
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@MarketBattler
Mike
2 days
RT @BanipalManinder: Aha moment after completing this book thanks to @BobWeissman @markminervini #davidryan @DanZanger @MarkRitchie_II http…
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@MarketBattler
Mike
2 days
Looking for tightenings-that is how accumulation in an auction marketplace expresses itself. Any auction market place will have tightens and the price jumps as there is no supply at those levels. BUT!!! not all great stocks exhibit VCPs and are in a low risk entry-we let them go
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@MarketBattler
Mike
2 days
Obviously not just those but there wasn't a huge proliferation of stocks with swing trading. Others were $CAVA and $RKLB. Sometimes stocks go up without forming a VCP so it was not buyable for us but maybe CANSLIM and other systems
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@MarketBattler
Mike
2 days
@ShaunStarr78 If this Kendricks was playing in my backyard I wouldn't open the blinds. I'd pay not to see this kind of.....
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@MarketBattler
Mike
2 days
@CFlanders7 Amazing interview. Thanks for your honesty and great personal story. Yeah my wife says the same- I did the courses, subscribed to MPA and studied and now should produce 100% every year. Yeah ....maybe but maybe not. Even Charles Harris of IBD is a boom and buster. #Consistency!
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@MarketBattler
Mike
5 days
@docbrown831 Also from W. O'Neil's book How To Make Money in Stocks look for accumulation or distribution in the market. That means price closes up on more volume than the day before with at least a 1% move to the upside. Churning which is subtle would be a stalling action. Up 0.3% but vol up
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@MarketBattler
Mike
7 days
@TMLitalia You'd be surprised how easy it is to hold winners this way. Case-in-point I had $GEO sold half @13.5%, half @22% and allowed it to go to my BE. Not a super plan on last 30%. Took a 2% profit. Should have back stopped for 10% gain. Overall made 15%. GEO imploded today
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@MarketBattler
Mike
7 days
@TMLitalia Sometimes he said he adds exposure when his watchlist expands and they are following through and not necessarilyif his portfolio is adding gains. He many times says did you follow your plan? Revise the plan if it's a bad plan. Define who you are as a trader- scalper/long-term?
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@MarketBattler
Mike
7 days
@DoronShevach @MarkRitchie_II Master Trader Program Minervini does once a year and provides 500 pages of notes while you're following along to the video
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@MarketBattler
Mike
7 days
@Clement_Ang17 Clement I am learning so much from the archived Weekly Sessions. I chose difficult periods and see what the advice was then great periods. I also go back to all the Stock Analysis from the beginning. Talked to Brandon at the gala and he said great! You are putting in the work
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@MarketBattler
Mike
7 days
Yes the result is important but if you violate rules like chasing "because its going up" you'll do it again. Have seen this in Mark's archived zoom calls. He asks if you do this 1000 times is it a winner? Aces don't win every time but a pair of 2's is rarely a winner longterm
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