Minervini’s Six Reasons Most Traders Fail
- Joshua M Brown
- January 3rd, 2011
Somehow, in the run-up to the holidays I missed this incredible moment in time - two of the best and most generous traders, in terms of sharing their knowledge and experience, had a live discussion. Charles Kirk interviewed Mark Minervini on The Kirk Report in mid-December.
Here was an interesting bit on why most traders are unsuccessful before I send you over to Mark's blog for the entire discussion...
Charles Kirk: Why do you think most traders fail?
Mark Minervini: Here are 6 reasons:
1. Poor selection criteria; usually based on personal opinion, theory or tips and bad advice
2. They don’t stick to and commit to an approach; style drift
3. Don’t cut losses (#1 mistake made by virtually all investors)
4. Don’t know the truth about their trading – they fail to conduct in-depth post analysis
5. Treat trading as a hobby not a business
6. Want too much too fast; learning a skill takes time
Go get you some knowledge, the rest at the link below...
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.