Stock trading tips, strategies from lengendary investor Mark Minervini - Business Insider

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Mark Minervini raked in a 33,554% return over 5 years using a simple stock-trading strategy. Here are his 7 secrets to 'super performance.'

volatility contraction pattern

Also, by no means is Minervini saying that these methods will work every time. The idea is to stack the probabilities in your favor."I want to have lots of profits, make lots of money, and pay lots of taxes," he said. "Taxes are good. It means you're profiting.""It's a very ignominious way of thinking," he said. "When you start thinking about taxes and those types of things, you're really thinking very small and you're missing the big picture.

By doing so, Minervini is "pyramiding" on his success. In short, he's trading with the majority of his capital when things are working best and vice-versa. He'll scale out of the market when things work against him. Minervini says that protecting breakeven is inherently difficult and takes time to learn. In short, it's giving the stock enough room to fluctuate so you're not stopped out immediately, but also being able to discern between normal and irregular pricing action.

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