Mark Minervini’s “Think & Trade Like a Champion” book discusses the 8 keys to Superperformance. Christopher Uhl, Founder & Head Trader at 10MinuteStockTrader.com, Two Time Top 100 Person in Finance and host of The How To Trade Stocks And Options Podcast, covers the first key, which is “timing”. Minervini says, “Trading at a high level, is about finding those right time, right place moments in the market for which you have been properly prepared.” You may find the right stock, but if you are not prepared for this moment, it doesn’t matter. If you are in the right spot, you need to be prepared.
Minervini goes on to say “If you ever want to do anything great with your life, you must stop believing those who say “You can’t”. If you can find mentors, books, interviews and podcasts from successful people who have achieved the goals that you are looking to do, then you need to follow these people. Find those people that actually want to make a difference in the world and know that they are more than what they have done in the past.
So, Minervini goes on to say more, “To generate big returns, you must compound your money rapidly.” Press your advantage. If you find something that works, keep on pushing that forward and compounding those gains.
Another thing is, “You need to utilize some kind of formalized approach with rules that improve your chances of capturing above market gains.” At the end of the day, you need to have the right set of rules to know what to do in the situation that you find yourself in. What’s important is you have your process in place. When you have a process in place, it’s going to be easy for you to find these stocks. You need to find your own systems, that way when the timing comes, the number 1 key to superperformance which is “timing”, you can’t miss out on that.
Watch the full podcast and discover all of the Keys to Superperformance Stocks Here: https://youtu.be/rvWSMJEbZdE