Trading Brainers

#MarkMinervini: “Keys to winning in the Stock Market” Until the right opportunity emerges, I pay special attention to preservation of capital above capital appreciation. When a promising opportunity eventually presents itself, I’m ready to act swiftly and aggressively with the bulk of my capital intact. Remember, the top three priorities in trading: First, is preservation of capital. Next is consistency in executing your plan. When you have these two things mastered, you can then pursue the third, which is superior performance. In stock trading, waiting is the hard part. While you are sidelined, reading latest news or watching the Dow move up may pressure you to make trades that you would normally not take. Patience is the key. Daily surveillance is necessary, while suppressing the temptation for action, meaning the desire to initiate a trade, until the right opportunities present themselves. I conduct intensive research to identify trading ideas and follow those ideas like a hawk. When the time comes to put money to work, the decision is be automatic and obvious. To trade like this, in almost a Zen like manner, you must trade when the conditions are favorable. Trading should be effortless. If your trading is causing you difficulty or stress, then something is wrong with your criteria or timing, or else you’re trading too large. When the market is not acting great and there’s no clear market leadership, play it small with pilot positions. This ccomplishes two things: First, you will test the market and keep its pulse. Once you get a strong heartbeat, you can step it up. Second, you stay in trading shape. Trading is just like working a muscle; if you don’t work it, it loses strength. Stay in trading shape by using pilot positions as “sparring partners.” However, don’t slug it out and get hurt with your sparring partner. Instead, wait for the main event and then give it your all to capture the championship belt. Sacrifice: Must know who you are and what you will be doing- A successful Trader will need to establish their edge Status: Do you want to be a Hyundai or a Mercedes? The average trader spends the majority of his/her time in between Indecisiveness <<<<<<<<<<<<<<<<>>>>>>>>>>> Regret Should I buyI should have bought Should I sellI should have sold Should I holdI should have held 50% win rate is enough KEY Point: Perfectly executing your plan is the key, not perfectly trading the stock