Michel Pireu Columnist

Extracts of an interview with Mark Minervini published in The Kirk Report: There are six reasons most traders fail: 1. Poor selection criteria; usually based on personal opinion, theory or tips and bad advice. 2. They don’t commit and stick to an approach; style drift. 3. Don’t cut losses. (The leading mistake made by virtually all investors.) 4. Don’t know the truth about their trading – they fail to conduct in-depth post analysis. 5. Treat trading as a hobby not a business. 6. Want too much too fast; learning a skill takes time. My strategy works well because it’s my strategy. I know the strengths and, more importantly, the weaknesses of what it is I do. It also works well because I allow it to work and stick with it, even when it runs into difficult times. Nothing works well if you keep changing your approach. The problem with the market is that it’s like playing poker, except you always get to see the next cards even though the hand is over. What would have happened. This is ver...

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