Trading U.K stock market using Mark Minervini strategy

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14th Dec '18 by unwise2

1516 comments 109004 reads

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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About the Author

Unwise2

Premium Member

1516 comments

unwise2

19th Feb '19

I would say RockRose Energy (LON:RRE) doesn't qualify because it gained 100% in over 3 months and then pulled back 30%. You are stretching Mark's rules on both the time taken to double and the amount it then lost.

I know I gave the example of Frontier Developments (LON:FDEV) but that only pulled back 10%, far less than the 25% maximum Mark recommends.

BottleMerchant

19th Feb '19

Augean (LON:AUG) is close to being a Minervini powerplay, up 93% in 3 months.

Rusty2

19th Feb '19

Yes this looks good but I read there is an outstanding tax issue, final assessment by HMRC is £16.2m plus interest. So that puts me off.

Rusty2

19th Feb '19

Greggs (LON:GRG) up 9% today following good trading update.

Rusty2

19th Feb '19

Future (LON:FUTR) has broken out today up 17% on positive update.

psin

19th Feb '19

Thank you unwise2. Learning all the time and loving it.

brballs

19th Feb '19

Seconded. I have read MM's books and get the theory, but having a practical, running commentary on live markets really helps with understanding of nuances and application.

unwise2

19th Feb '19

Because I've made no real gains lately I have been trading very small, I thought about buying Future (LON:FUTR) when it broke above 557p on 4th Feb, but didn't.

unwise2

19th Feb '19

Learning all the time and loving it.

Seconded. I have read MM's books and get the theory, but having a practical, running commentary on live markets really helps with understanding of nuances and application.

Thanks for the support but I would caution that I am still learning as well. I am just under 2 years into the learning process and have subscribed to MPA for 1 year. Mark estimates (based on training other people) it takes anywhere between 3-5 years to master his method.

I have the advantage of 16 years stock market experience but Mark's method is very different to how I used to invest.

mrosbiston

19th Feb '19

would you mind sharing how much is MPA per month?

i also assume this would just focus on US names?

would be great if you could talk through your experience, positive and negative. more information the better please. thanks in advance.

PLS1nve5t

19th Feb '19

Trying to get the hang of this, but w.r.t. Greggs, is that a cup and handle setup Dec 17-Dec 18 ?
There was a large drop in May 18 - does that signify or invalidate any of the cup aspect?

Just asking because I've been reviewing recent trades in light of this thread and bought Greggs 24 Dec @ 1264 and sold 9 Jan @1458 at the time I patted myself on the back for a nice profit, but ho hum, we live and learn....

Great thread thanks - reading book one next week.

unwise2

20th Feb '19

Trying to get the hang of this, but w.r.t. Greggs, is that a cup and handle setup Dec 17-Dec 18 ?

It is a cup and handle but not one that meets Mark's rules, a large part of the base was formed when the 200dma was trending downwards and the 150dma was under the 200dma. Also the cup is very deep at 13%.

If a handle is too deep sometimes if you wait another handle forms, the best visual example I can think of is KAZ, it setup a buy point at 950p with a cup and 2 handles and then another short handle around the previous high at 975p provided another buy opportunity. The trade didn't work out very well but the setup was valid.

5c6d0c0147c08Chart-kaz-minerals-2012019.

0ctag0n

20th Feb '19

The subscription rates are published on Mark's website. I too would be interested in hearing what you think about the private access. It's very difficult to find any reviews for it.

unwise2

20th Feb '19

I too would be interested in hearing what you think about the private access. It's very difficult to find any reviews for it.

I subscribe annually which works out to $499 a month, its paid in 2 installments of $2994. Only U.S stocks are discussed, however all of the principles are valid to trading anywhere.

Mark does a webinar every Monday at 4:30PM U.K time which lasts between an hour and 90mins, it is possible to ask a question directly via typing into the webinar software. The sessions are recorded so you can replay if you miss them. You can also ask Mark's assistant questions via email, I don't bombard him with questions and I always get a response sameday.

Every week a watchlist is published on Monday morning and added to during the week, suggested buys are listed realtime on the platform delivered via a browser. A new platform is being developed to run across Android and Apple for mobile alerts.

If you can afford it I think its excellent, listening to Mark explain all the details of his overall strategy is very helpful. Finding stocks to buy via screening is probably the easiest part, applying money/risk management correctly is more difficult and it's this area MPA has helped me the most.

Where else in the world can an ordinary person gain access to a world class coach/player? It's like having Pete Sampras or Roger Federer teach you tennis.

Glorenfeld

20th Feb '19

I can't trade it in HL, but Pharnext SA (ALPHA) has crossed what would have been my buy point (23.8) after what I would consider a power play set-up .

Nursemaid

20th Feb '19

Hi, as a relative newbie to MM's strategy (I've only read the first book twice....my head hurts!!lol) does Centamin (LON:CEY) (CENTAMIN) look like a phase 2 set up to anybody else on here? I am not looking for advice as such, just looking for some input/thoughts etc.

ATB, NM

Glorenfeld

20th Feb '19

I think that Centamin (LON:CEY) looks interesting.

Against: 200 day is still above the 150 day (but it looks like that may not persist for too much longer). Also, they're forecast to report reduced EPS on Monday (25th).

For: Market doesn't seem to have minded the downgraded EPS (although that could change on Monday?). Also, the recent announcement of additional easy to mine/process resource has gone down well. Also worth noting that gold price has been steadily climbing recently and is not too far off its 1y high.

unwise2

20th Feb '19

does Centamin (LON:CEY) (CENTAMIN) look like a phase 2 set up to anybody else on here?

Do you mean Stage 2? There are two parts* to the setup of a VCP, long term positive price momentum described as Stage 2 uptrend (150dma over 200dma and 200dma trending up for at least a month) and then a reduction in short term price volatility such as a cup and handle.

Centamin (LON:CEY) has a cup with low handle ("cheat") but it isn't in Stage 2 yet.

* Described as a "price action sandwich" in Stock Market Wizards.

Nursemaid

20th Feb '19

Thanks for your thoughts Glorenfeld and Unwise.

PLS1nve5t

20th Feb '19

Thanks very much for your considered opinion Unwise, much appreciated....

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Trading U.K stock market using Mark Minervini strategy

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Unwise2

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