Think & Trade Like a Champion Quotes

“there really is no intelligent reason to increase your trading size if your positions are showing losses.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“To compound your money, and not your mistakes, your goal is to buy on the way up—not on the way down.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“it’s better to lose correctly than to win incorrectly.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Losers average losers.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“It’s not enough to have knowledge, a dream, or passion; it’s what you do with what you know that counts. The best time to get started is now!”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Specialists get paid well, while those who know a little about many things make good conversation at parties.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Luck is a short-term phenomenon. In the long run, luck is for losers.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Long-term success in the stock market has nothing to do with hope or luck. Winning stock traders have rules and a well-thought-out plan. Conversely, losers lack rules, or if they have rules, they don’t stick to them for very long; they deviate.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Not losing big is the single most important factor for winning big. As a speculator, losing is not a choice, but how much you lose is.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“If you don’t have a plan, you will surely experience paralyzing emotions and second-guess yourself at key decision-making moments.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Trading is serious business with real money on the line. Why would you go into it without a well-thought-out plan of action? Yet, most people do.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“the CLUM principle; comfortable equals less and uncomfortable equals more.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Mastery requires sacrifices; therefore, something must come first. Make a list, prioritize, and pursue accordingly: Focus, achieve, and then move to the next big goal.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Those who succeed big at anything all have the same attitude: You keep going until it happens or you die trying. Quitting is not an option.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Remember, speculation is anticipating coming movements and then waiting to be proven right or wrong. You go in with a plan and execute it. Then, after the trade is completed, you evaluate the results, troubleshoot your approach, and come back in with a new plan of attack. The key is to see things as they are—operating in the now—without seeing things as worse than they are out of fear, or better than they are out of greed.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“In the example in Figure 3-5, I buy”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Big winning stocks will display the following characteristics: Follow-through price action after a breakout More up days than down days and more up weeks than down weeks Tennis ball action—resilient price snapback after a pullback Strong volume on up days and up weeks compared to down days and down weeks More good closes than bad closes”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Without a plan, you can only rationalize.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Hope Is Not a Plan”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“The ease of entry into the stock market—no license or training required; just open a brokerage account and go—may give people the false impression that trading is easy.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Persistence is more important than knowledge, and victory comes to those who persist, as long as you are learning from your experiences.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“There are three basic levels of knowledge. The first level is when an idea is presented to you by someone else. Someone tells you something, and you evaluate it against your own opinions. You might have mixed feelings about this information; maybe you agree, disagree, or don’t really know what to make of it. The second level is when you become convinced that what you have been told is true. Now, it’s a belief. A belief is stronger than an idea, but it is still not the strongest level of knowledge. The third level is a knowing—the most powerful form of awareness. This is the knowledge that you carry within yourself. It is what you know to be true because you’ve experienced it firsthand.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Calculating risks shrewdly is the main ingredient for consistent superior performance. Pros play percentage ball, and that’s why, in the long run, they are more consistent than amateurs. Therefore, it could be said that the difference between an amateur and a pro lies in consistency. Relying on the probabilities based on a positive mathematical expectation to win (your “edge”) will lead to success.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Big Winners Must Make New Highs”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Don’t “Force” Trades”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“There are many distractions that can cloud your judgment when trading. Your job is to keep your thinking pure and focused on what matters within your own circle of competence. The hallmark of a pro is to operate within this circle and ignore everything else.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“never stray from the basics of rule number one of always going in with a plan.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“Once I make a profit, that money belongs to me. Yesterday’s profit is part of today’s principal.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“It doesn’t feel great breaking even on a trade that was once a profit, but it feels a lot better than when you let a good-size gain turn into a losing trade.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard

“I went from mediocre to a stellar performer when I told myself: To heck with worrying about the money and obsessing over the scoreboard. I’m just going to focus on being the best trader I can be and sticking to the rules. Then the money followed.”
― Mark Minervini, Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard