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?
Doesn't Minervini prefer shallower cups?
In his first book Mark wrote the best (VCP) setups pullback between 10-35%. If a share fell 35% it would have to rise 53.8% to get back to the old high. You want to avoid cups that look time compressed on the right hand side. To me GB (LON:GBG) didn't look squashed on the right side, it took 16 weeks to fall and 17 weeks to rise and create a handle. The initial rise was quite fast (11 weeks) which is why I think the handle formed over the next 6 weeks.
