Trading U.K stock market using Mark Minervini strategy

Friday, Dec 14 2018 by
61

Mark has been interviewed by Stocko a couple of times and from some of the comments on various threads there appears to be a few of us using his methods to trade the U.K stock market. I thought it would be useful to have a dedicated thread where we can discuss how well its working.

Personally I have been in cash at least 50% since the end of May and at 95-100% since early October. Getting out of stocks as they roll over has protected me from any real damage.

I'm struggling to find many setups I want to buy so I am developing my "sit out power"

How is everyone else doing?


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As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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799 Posts on this Thread show/hide all

herbie47 19th Aug 740 of 799

In reply to post #505841

Are you in the new system? If so click on your profile image top right, then you should see switch to old site, just click on there and there will be a warning come up.

If on old site you should see You, top right with NEW in green above it.

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llwydiaid 19th Aug 741 of 799

Thanks very much herbie47.  I though the new platform was for mobiles only and hadn't realised every platform was changing.  I was on the old version and have now found the directors dealings.   

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unwise2 22nd Aug 742 of 799

Trainline (LON:TRN) looks like it is setting up an IPO base, it's expensive but it's the type of company that can often have a P/E far greater than the market in general.

What's happened to Avast (LON:AVST) can really test your resolve to stick to your rules. After buying it at the exact right moment (10.07.19) it broke out it then fell back to my buy price the day before results. Since I had no profit cushion I sold, it jumped in the first minute of trading after results and never looked back.

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llwydiaid 22nd Aug 743 of 799
1

Finablr (LON:FIN) also breaking out of an IPO base, although it could also perhaps be called a Power Play as it went up around 80% in its first week of trading..

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unwise2 23rd Aug 744 of 799
1

In reply to post #507226

5d5fad9d4288aChart-finablr-2372019.png

I saw the low handle Finablr (LON:FIN) created between 170.6-154p but didn't trade it. With a lower than normal win/loss ratio I am avoiding trades that require 10% stop losses.

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nicobos 27th Aug 745 of 799
1

Any thoughts on Serabi Gold (LON:SRB) ? Seems to be breaking out of a small cup & handle formation and could be a good momentum play based on the gold price rally ?

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unwise2 27th Aug 746 of 799
2

In reply to post #508046

The handle Serabi Gold (LON:SRB) has formed is 20% deep, so I wouldn't trade it.

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herbie47 27th Aug 747 of 799
2

In reply to post #508046

Too late for me for Serabi Gold (LON:SRB).

Anglo Asian Mining (LON:AAZ) has also shot up recently.

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MartDK 27th Aug 748 of 799
2

What about Hikma (LON:HIK)? Forming a (high) handle on shrinking volume? Also likely to be re-admitted to the FTSE 100 next week...

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unwise2 28th Aug 749 of 799
1

In reply to post #508091

Hikma Pharmaceuticals (LON:HIK) set up a cheat around 1825 which I bought (25/07). After rising to 1886 it then fell back to my buy price the day before results so I sold. It has a long base which is good but the handle is messy, it sort of has two parts to it at different prices. The rise from 1760 to 2065 has happened quickly so it looks "time compressed" to me. I would prefer it to form a longer handle before breaking above 2065.

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andrea34l 28th Aug 750 of 799
1

In reply to post #507226

I personally would not consider investing in Finablr (LON:FIN) as:

  1. I would rather worry about how their business might be affected by Brexit.
  2. They don't actually make any mention of Brexit in their recent results statement.
  3. They are targeting only single digit growth.
  4. Under contingent liabilities they mention two disputes, which don't seem to be quantified.
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mikelevie 28th Aug 751 of 799
2

Will be interesting to see what £ABDP does next, the recent shakeout will have shed a few holders (myself included).

Not seeing much of interest otherwise at the moment and am 100% cash. Volatility on the rise.

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unwise2 30th Aug 752 of 799
3

I know stop losses can be a contentious subject for investors but Micro Focus International (LON:MCRO) is yet another example of a small loss saving me from a very big one. It's fallen more than 50% from it's very recent high.

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peterclothier 30th Aug 753 of 799

In reply to post #507081

Hi, I forgot about the Trainline, now looking like a great IPO base. RE:  AVST.L , I bought it at the same time. It looked like a base on base, I think pull backs like that are hard to take, I try not to look at the P&L but ask the question: Have there been multiple violations which mean that I need to exit before  my initial stop? The risk is  strangling a decent set-up.

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MartDK 31st Aug 754 of 799

In reply to post #508256

Many thanks! Your sell decision makes sense - risky to hold through an earnings report if the price is falling. 

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MartDK 31st Aug 755 of 799

I'd been wondering how best to hold 'cash' and saw this tweet from Mark:

"When I park money in cash, I use a self-created index of the following ETFs (equally weighted): $NEAR, $JPST, $MINT, $BIL $VCSH"

(That was on 21 June so apologies if this is old news). There then followed a thread in which he said:

"Not really a bond ETF... it's more of a money market ETF. Just a place to park money."

Do you use sterling-dominated ETF(s) to hold 'cash'? Any recommendations?

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herbie47 31st Aug 756 of 799

In reply to post #509066

I have not done, choice in UK is limited, so are the returns but there are fees, not sure it's worth it maybe buy some in US$s to hedge against a falling £. I have bought some gold ETFs though. Cash is an issue in an share ISA as just sitting there not earning anything. Had a look at PIMCO $ SHRT MATURITY SRCE UCITS ETF (LON:MINT), has not earnt anything this last year, fee is 0.35%, but £ has fallen so you would have done alright.

Minervini does also short the indexes, don't think he has done very well this year though.

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MartDK 31st Aug 757 of 799

In reply to post #509071

Thanks. I guess the purpose is to get a better yield than the broker's interest rate with negligible risk to capital . If so, you'd need to hold it in the currency you're trading in?

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kalkanite 31st Aug 758 of 799
1

I'm no expert but Boohoo (LON:BOO) appears to be making a mini and megastructure VCP. The small VCP starting circa early May with a mega structure starting circa Sept. 2017.

looking like September could be quite an interesting month for BOO if it breaks out.


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herbie47 1st Sep 759 of 799

In reply to post #509076

You can trade in various currencies but there is Forex charge of 1% with my broker. PIMCO $ SHRT MATURITY SRCE UCITS ETF (LON:MINT) is traded in £s as listed in London but the fund is in US$s, this ETF does not have any yield.

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