I’ve never followed any celebrity investors but I know some users in Stockopedia follow Mark.
Does anyone know what this juvenile and sexist interlude is all about?
I actually found his books to be of interest and taught me a fair bit about charting and set-ups. My view of him has unfortunately dipped significantly since I followed him for a while on twitter; seems to have a real chip on his shoulder and generally seems quite unpleasant. He also seems a bit too pumpy for his platform and services. But his first book, trade like a stock market wizard (yes the name is awful), is something I would still recommend.
He’s a phenomenal trader, backed up by performance in public competition. His books are also brilliant tools that explain his methods in detail.
However, as already mentioned he does seem a rather unpleasant person with an enormous ego.
I've never been a fan of Mark Minervini, which I've explained in the dedicated thread somewhere on this website and don't feel like repeating here.
In the meantime I saw this on Twitter over the weekend.
Is this him? I have no idea what he looks like today, but some of the comments under the tweet implied that it was.
https://twitter.com/ParikPatelCFA/status/1449473346790432776?s=20
yes, I’ve seen this episode unfold.
Basically, he was on tv in the US, doing a spot on some finance segment and going over some of his recent trades. He had a position in upstart, which is one of the ‘hot’ stocks on social media and up 25% or so in a few days.
The interviewer asked ‘and what do they do’ and that seemed to throw minervini who unconvincingly said the line was breaking up and basically didn’t answer.
So, he’s been getting ‘trolled’ constantly since then... as a guy who charges $1k per month membership to his group and $5k for a 5 day seminar.... but doesn’t know anything about the companies he buys into. At least in this case.
I’ve learnt a lot from his books, but his services are ridiculously expensive (which does raise suspicions) and he is arrogant. His behaviour in regards to this episode does him no favours. I think he’s quite insecure, despite all the bravado.
I watched with interest as Upstart is very well-known in the US investor community (and to me). While his "audio issues" were not wholly convincing, they remain plausible, and it is inconceivable to me that he would not have an inkling of what Upstart the company actually does. Perhaps just a brain fade?
I don't believe he could not hear the question.
Some traders don't know what the stocks they buy do.
They are looking at other factors such as charts for trading.
He has handled it very badly but I'm not surprised having seen some of his twitter tweets in the past.
I read somewhere that if his published performance figures were true he should have somewhere in the region of a few trillion dollars in AUM...
I also read somewhere that 90% of people lose money on the stock market in the long run and at the same time 90% of people on social media say they are making money on the stock market.
With regards to MM who knows but I did enjoy reading elements of his book relating to risk management and how to work out win/loss ratios (obviously he didn't invent this - just liked reading it)- disliked the self help stuff maybe that works in the US.
