Ep. 563: Mark Minervini Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 16 June 2017

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Mark Minervini, the author of “Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market” and now his newest book, “Think and Trade Like a Champion: The Secrets, Rules and Blunt Truths of a Stock Market Wizard.” He was also featured in Jack Schwager’s “Stock Market Wizards.” This is Mark’s second appearance on the show.

The topics are his books Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard and Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market.

In this episode of Trend Following Radio we discuss:

Process vs. outcome
Builder vs. wrecking ball mentality
Eliminating excuses
Neuro-linguistic programing
Sacrifice when obtaining a goal
Risk of ruin
The trading triangle
Diversification vs. Di-worsification
Sophistication and simplicity

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	My guest today, his second appearance on this show, a man with tremendous trading insights.
0:42.2	Mark Minervini is here today to discuss his newest book, Think and Trade Like a Champion,
0:48.7	The Secrets, Rules, and Blunt Truths of a Stock Market Wizard.
0:54.0	And I'm a little bit jealous here because I'm not very comfortable with it, but I got to give Mark credit.
1:00.0	He's got his picture right there on the front cover.
1:03.0	Don't you know that you've just arrived when you put your picture on the front cover?
1:08.0	I have to get a book with a picture on the front cover. It's not fair.
1:12.2	Congratulations, Mark. I'm jealous. I want the same damn thing at some point in time.
1:18.9	All that aside, my personal whatever's aside, I'm happy to have Mark Minervini on this podcast for the second time.
1:33.3	Thank you. Mark Minervini on this podcast for the second time. The Naturally Gifted, this has been one of these debates for decades in the public consciousness.
1:40.1	And I still think if somebody sees, let's say you, someone sees, they see your book, they see your picture, they see investing champion, they see the success, the accolades.
1:52.6	A significant number of people will just immediately assume he's natural.
1:57.5	He was born with.
1:58.5	He was born with it.
1:59.7	What they don't see is the practice and what they don't see is the process. I know I'm not off base, but give me your perspective.
2:08.4	Like I've told people many times, I was an unnatural. You know, for me to hear somebody think that maybe I had some natural ability is really kind of funny because I went
2:19.8	six years without any profits. As a matter of fact, I was at a loss after all that time.
	...

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