RE: Stage Analysis Beginners Questions
(2020-04-09, 08:08 PM)Haugaard Wrote: Hi, i've been reading and rereading Stan Weinstein's Secrets for Profiting in Bull and Bear Markets a couple of times. I've been looking for some additional information recently, and i've stumbled across Mark Minervinis books. Just to clarify, i'm not looking to differ to another trading strategy, but just enhance my trading performance, by adding additional tools.
Do any of you have any experience with his books, and if so, would you say it compliments the do's and dont's of Stage Analysis?
Hi Haugaard,
I've have read both of his first two books multiple times and would very much say that it compliments Stan Weinstein book, as Mark Minervini uses Stage Analysis in his trading and talks about it in both books.
However, the difference is that Minervini is focused on much shorter time frames, and typically only trades in and out of stocks over a few months, and also include fundamentals, which are not used in Stage Analysis. Whereas as Weinstein is very heavily weighted towards the longer term investor method and is purely technical.
So I found that the books helped to expand on the trader method, and even introduced some new concepts such as the Volatility Contraction Pattern (VCP) – which I now find essential for all of my shorter term trades.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.