Dmytro Kharkov

Cutting losses short and trading selectively prevent major drawdowns, Mark Minervini notes

Cutting losses short and trading selectively prevent major drawdowns, Mark Minervini notes
Risk management and patience in trading

Mark Minervini emphasized that he has not experienced a serious drawdown since the 1980s, with only a few single-digit down years over more than three decades.

He attributed this record to a strict approach to risk management and unwavering patience. Minervini highlighted several rules for successful trading, including always cutting losses short with no exceptions and trading large only under certain favorable conditions.

Minervini has weighed in on other market developments this year. He noted a major surge in oil prices driven by geopolitical factors. According to Minervini, the rise in oil carries inflation risks but is unlikely to cause a prolonged stock market downturn.

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