Discriple as a trader | Most favorite video | Mar 25, 2015 Super Trader Tactics Webinar with Mark Minervini & David Ryan

#Champion #MarkMinervini

Here is the link. 

2:59 Start 5:06 3 Keys for Super performance 7:23 Rule 1 Concentrate 12:45 Rule 2 Turn Over your Portfolio 18:37 Rule 3 Time your trade 20:46 VCP setup 23:16 David Comments 25:20 Rule 4 Manage Risk Reward relationship 31:24 Approach every trade “Risk First” 33:03 No Big Loses No Forced Trades 37:53 Rule 5 Trade Directionally 47:52 Rule 6 Build on Success 55:05 Rule 7 Protect Your Breakeven Point ASAP 58:40 Order of Priorities 1:01:12 Holding a super performance 1:04:44 When does this work. Correction to Bull Market 1:06:20 Rule 8 Sell into Strength 1:15:25 Rule 9 Conduct Post Analysis REGULARLY 1:23:50 Rule 10 Avoid style Drift 1:25:28 Responsibility Action Believe in yourself Rules are to be followed 1:29:10 Q & A How to Screen 1:29:52 Volume on Buy Decision 1:31:18 Indicators 1:32:20 Market Condition 1:34:35 VCP 1:35:31 Scaling In 1:37:32 Whipsaw Environment buy on pullbacks

Rule #1

Concentra - don't diversify

• Keeps things manageable
• keeps you focused
• Allows you to be patient

Rule #2

Turn over your portfolio

1. Forget about taxes
2. Forget about getting the high
3. Forget about your ego

Nail down decent profits when you have them

12:00 

Determine if the "train" is on schedule 

If you are wrong more than 40%, you can still do better than you expect. Forget your ego. Forget your loss. Take your first loss. Make sure that the loss is the small. 

Keep the loss small. Take the first loss and move on. Learn from your losses and winners. 

Forget the loss. Goal is to protect money and protect yourself. 

Turnover. Nail down profits. Create a lot of turnovers. A lot of trading ......

David Ryan:

Check the price up but see if the volume comes with the price up. 

If this position is right to be sold, not think about tax. 

Forget your ego. Throw into trash can. If you are wrong 40%, you have to make those loss small. Learn from the mistake. Take the first loss and move on. 

Learn from the losses. 

18:39

Rule #3

Time your trades. 

• Time is money
• Use charts
• Learn how to identify a VCP set-up

Develop "sit-out power" - only trade proper set-ups and allow them to come to you

Approach every trade "risk first"

• Know where you're getting out BEFORE you get in
• Write it down
• CUT YOUR LOSS quickly - don't vacillate

Failing to adhere to stops is the single most destructive mistake made by all investors. 

No big losses

No forced trades 

mentor stops - will not work, watch the stop point, I like to put it in when I put the trade in a buy side 

Sit there and argue myself, rationalize - take it out

You have to develop something extremely discipline - so much more 

Remove your emotion out the trade

See the information - Act it on - go in - Use those emotions to get caught up to, create a big loss 

Rule #5

Trade directionally

• Only buy in the direction of your trade
• never average down
• Multiple time frame alignment

Rule #6

Build on success

• Trading is not an on/off business
• Let small wins finance larger risk
• Trade largest when trading your best and smallest when trading your worst

If you're not profitable at 25% or 50 invested...

Rule #7

Protect your breakeven point ASAP

• 2-3x risk above average gain
• Never let a good size gain turn into a loss
• Backstop your profit
• 50-day rule

Order of priorities

a. Cut your loss

b. Protect your line

c. Protect your profit 

• Define your risk
• Move stop to breakeven ASAP
• Protect decent gain 

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
• Look for commonalities
• Improve your weaknesses

Know the truth about your trading

Rule #10

Avoid style drift

• Define your trading style
• Be willing to sacrifice
• Become a specialist