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Mark Minervini, independent trader and educator running Minervini Private Access, criticizes a piece of trading advice as the worst he has encountered in 43 years in the market. He warns that following such advice could virtually guarantee a massive loss and possibly result in blowing up one's trading account.
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Minervini has previously noted that holding hedges, such as an SPY short, can help manage exposure during periods of increased volatility in breakout stocks, as discussed in an earlier commentary. He has also observed that removing index hedges can allow traders to benefit more from rallies in individual long positions, according to a separate report. These observations highlight his focus on risk management and position sizing in various market conditions.