Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

I have read his book, "Think & Trade Like a Champion", his companion book, "Trade Like a Stock Market Wizard", and "Momentum Masters", where he is inteviewed along with 3 other top traders: David Ryan, Mark Ritchie and Dan Zanger. And I have met all of them. I also attended Mark's recent 2019 "Master Trader Program" which also featured David Ryan and Mark Ritchie. In over 35 years of investing and trading, I have read all the important books on investing and trading. Mark builds on the formidable foundation built by Jesse Livermore, Richard Wychoff, and William O'Neil, among others. If you've read O'Neil's book, "How to Make Money in Stocks", you have the foundation that Mark builds upon. In fact, he attributes much of his success to the techniques taught by O'Neil. But Mark expands upon O'Neil identifiying what he calls the "Volume Contraction Pattern". O'Neil touches on the pattern but Mark really explains it and shows it in action, time and time again. The precise characteristics become quite clear. More importantly, Mark shows how he manages his money, manages his risk, deals with volatile or flat markets, and methodically manages every aspect of his trades. How he preps for the next day, how he gauges the market environment and precisely how he uses stops to control risk. Mark's books are indespensible to anyone looking to trade the market and protect their investments. They are essential. Along with O'Neils books, they give you everything you need to succeed if you can stay disciplined enough to follow the rules he lays out. It is as much a psychological war within as it is a war with the market. Perhaps more so. But with the knowlege he imparts in these books, the rest is up to you. If you had to read only 2 books about investing in stocks, I would recommend Mark's two above all others.

Outstanding book.

In How to Make Money in Stocks, William O'Neil explains a breakout style of stock trading, used by Jesse Livermore and many others. In Trade Like a Stock Market Wizard, Mr. Minervini gives instructions on how to implement such a system profitably, and he includes his own modifications. He has a clear, almost conversational writing style, and covers a myriad of situations with charts and examples. I was (still am) very new to stock trading when I read these books. They helped me immensely. I highly recommend this second book, Think and Trade Like a Champion. If you are curious about which of these books to buy, the answer is buy both. They are not repetitive. Think and Trade Like a Champion adds finer detail on what is covered in this book. I didn't realize how completely clueless I was about this until I read these great books. His third book, Mindset Secrets for Winning, is excellent, as well. If the first book describes the rules of the game and the second details what to do to be great at it, the third explains what prevents someone from winning and how to overcome those obstacles. This is not a perfect analogy, and I am sure Mr. Minervini could have said it better! (Thank you again for writing these books.)

The boss Mark Minervini does it again. When you pick up this book, you get a candid lesson from a multi-millionaire trader on how to trade for a living and make money. Don't put books written by professional authors on the same pedestal as books written by professional traders like Mark. In this industry there are many losers who write books for a living and can't trade their way out of a Pokemon playing card auction. Many gems in this book, very helpful even for advanced traders. My criticism, I would say is about the last section of this book where a motivational speaker/psychologist is introduced. The section was pretty lame and the book finished weak in my opinion. The concepts that guest brought up were sophomoric at best. Still the book gets 5 stars because of the gold that Mark brings to the table. Another point I would like to bring up to Mark's attention and I hope that he will one day read my comment is with regards to how his profile is presented in the book. You were too conservative man. It is OK to tell people about your success. The "about the author" section only shares public information about you. Why not state the following, for example, "Within 10 years of trading successfully after my 7 years of struggles I managed to accumulate 30 million dollars" Or you can tell us "I have average 124% return over a period of 20 years..." You have the record why not be bold about this. Is a job interview the right time to be subtle about your skills or bold? Your resume is your net worth in trading. It is not boastful to state your success. This will better set you apart amongst new readers, from the plethora of losers who run educational and signal services for a living then write books that add to the noise and deceive beginner traders with shallow and hollow concepts. Thanks for the book. I highly recommend it to you all. Bye

Definitely focuses your skills at trading and make you think before hitting the buy or sell button. I like the analogy of keep your trades in the strike zone. Warren Buffett said something similar. My trades are much better now and I have more control. This book helped me trade like a champion.

One of my favourite books on trading by a top trader. Practical and solid stuff

This book is a must read for anyone who has ever dreamed of becoming a professional trader. Mark is one of the famed “Market Wizards” who has achieved consistent and outstanding performance in the stock market over many decades. He has been there and done it. Breaking the magician’s code, Mark reveals how he did it. The book explains the fine points of his methodology, trading plan, money management techniques and thought process like no other stock market book I have read. Let’s face it, few if any top professional traders ever reveal their entire methodology in a book and none in such fine detail. His market mastery is truly displayed in this one. The book is full of in-depth knowledge, motivating and powerful anecdotes and refreshingly blatant straight forward advice on trading. It is written in an easy to read conversational style which make you feel like Mark is sitting next to you, teaching, coaching, and motivating you through the book. The book is clearly for the reader who truly wants to succeed in trading. Although much of the book can apply to any trading style, I would recommend reading Mark’s first book before reading this one. Having been a professional trader for many years and read countless books on the market, I have no doubt Marks’ books are sure to be alongside the other great trading classics which have stood the test of time.

Livro essencial para quem quer se dedicar a está fantástica atividade que é o Trading! Estudo obrigatório. Dever ser lido!

Good for traeder

Värsta leverans och bok förpackning.