Hardcover: 352 pages
Publisher: McGraw-Hill Education; 1 edition (April 11, 2013)
Language: English
ISBN-10: 0071807225
ISBN-13: 978-0071807227
Product Dimensions: 1.2 x 6.2 x 9.2 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review: 4.5 out of 5 stars See all reviews (121 customer reviews)
Best Sellers Rank: #267,546 in Books (See Top 100 in Books) #106 in Books > Business & Money > Investing > Online Trading #357 in Books > Business & Money > Investing > Stocks #766 in Books > Business & Money > Investing > Introduction
On November 20, 2012 on Twitter Mark Minervini responded to some guy aksing what does he share in his book. Mark's reply was: "I threw everything but the kitchen sink in it."I've followed Minervini very closely for about 3 years on Twitter and his blog. I've read virtually everything that has been ever published about him. I analyzed his trades and market calls that he published on Twitter and in interviews. And I can assure you that he did not share "everything" with us in his book.I won't discuss book contents into details as many other reviewers have done so. The most important part that is missing are the exact buy and sell points. Minervini spend a lot of time discussing how to find a stock to buy, fundamentally and technically. All credits to Mark for that. These chapters are as complete as they can be. But every trader that has been around for some time knows very well that the difficult part is not how to find a stock. After a year or two of studying markets we all become a pretty good stock pickers. The difficult part is how to enter a trade at exactly the right time and when exactly to sell it, not to let profits evaporate and at the same time not to sell to soon. There is not a single one intraday chart in the whole book. I strongly doubt that Mark buys off daily charts as you would probably conclude. Selling techniques described are scarce. Besides, I'd like to read much more about specific money management techinques that he uses. Also, Mark is known to emphasize the importance of determining market direction. Way, way, way too little said about that in the book.In short, I think this book is more of a marketing attempt to promote himself and his paid service. That's why it is so cheap.
I have been trading for a long time. I am always wondering how come all the trading books in can get glowing reviews. Did every author call up their buddies and let them pump up the book?Mr. Minervini's canslim variety worked in 1999. After that, the market changed significantly. Sure, 2003 bull market and 2007 bull market worked with his methodology, if you caught those true market leaders, but it is far far far from effective like it used to be.O'Neil boys, like david Ryan, Mark Minervini, and later ones like Gil Morales have performed much less stellar now than their 1999 period. Those returns are just some past glory. For one, Gil Morales had 18000% compounding returns in the raging bull market of 1995-99, but in raging bull market of 2009 had a 72% draw down. The answer? the market has changed.If you are REALLY honest and you REALLY want to figure out what is going on, read the original Market Wizard interview of Minervini, and you will find out that during that interview, Minervini DID NOT want to tell any details about his methodology, and he tried hard to HIDE the way how he trade, and he even forced the author to turn off the tape recorder before he explained his methodology. Read it, his behavior during the interview was clearly documented.You do not need to be a genius to know that the one who knows how to make money will NEVER tell his methodology to invite competition. That is exactly what Minervini did at that time. But now, don't to think it is funny and strange that Minervini suddenly become so "generous" and wants to share his methodology to "help" you make money?
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