Mark Minervini

If you have a positive expectancy, increase the number of independent opportunities to realize that edge over time.

Profitability depends on average reward relative to risk combined with win rate, not solely on being right more than wrong.

Average profit per trade computed from win rate and win/loss sizes; positive expectancy yields long-term profit.

Trying to buy absolute lows or capture peaks is unnecessary, rarely possible, and not the optimal focus for traders.

Use rules and position sizing to control risk and protect capital.

Maintain discipline and prioritize investor education to support a repeatable trading approach.

Contain losses quickly while allowing gains to develop so the upside is captured without excessive drawdown.

Regularly review and refine process, charts, and decisions to improve performance.

Make a trading approach that you can repeat consistently; consistency is the primary goal.

Modeling trades as repeated independent bets with asymmetric payouts to evaluate long-term profitability.

Characterizes how Minervini treats stock selection, market timing, risk management, journaling, and trader education.

Part of the working synthesis emphasizing preparation, timing, management, and repeatability over mere prediction

Volatility indicates market risk; confirming low or acceptable volatility helps avoid being overexposed

Limits losses and preserves capital for repeatable opportunities

To manage drawdowns and protect capital while pursuing outsized returns.

To identify precise entry points and confirm leadership characteristics.

To ensure repeatability and avoid reliance on opaque models

Keeps losses contained so winners can outweigh losers under a favorable R:R