Momentum Masters: A Roundtable Interview with Super Traders contains 130 real questions from real traders answered by America’s top momentum investors. Topics covered include chart reading, fundamentals, entry criteria, position sizing, daily routines, trade management, general market, and psychology.
Momentum Masters takes a unique approach. We chose 130 of the most relevant questions submitted to our office and organized them by category into related sections. I want to emphasize that these questions were submitted by real traders confronting real issues in the stock market. There are no questions based on our opinions or ideas of what traders might be interested in knowing.
The format of Momentum Masters also parts company from most trader interview books in a fundamental way. Instead of dividing the interviews into separate chapters for each market master, Mark, David, Dan, and Mark II answer each question in a roundtable format, allowing the reader to compare and contrast. Now if I may, let me give you a heads-up before you dive in.
First, Momentum Masters offers no colorful biographical details, literary flourishes, or other diversions with which many market books, including some excellent ones, try to “spice up” or lighten the material. This book is all meat; questions and answers all pertain to trading.
Second, as you read through the questions and answers, take note of the differences as well as the common characteristics among the four masters. As I said, the format was chosen deliberately to facilitate comparisons. David Ryan, a 40-year trading veteran, and Mark Minervini, with more than 30 years’ trading experience, favor fast-growing small- and mid-cap stocks. Dan Zanger, a 25- year trader, prefers the larger-cap stocks and even mega-cap names. Mark Ritchie II, the youngest of the group, won the Triple-Digit Challenge at the first of the annual Mark Minervini Master Trader Program workshops in 2010.
The challenge was to become the first attendee to return 100% using what was learned on his or her trading account. Ritchie II did it—achieving triple-digit performance—in less than six months. During the subsequent five years, Minervini has closely watched Ritchie deliver consistently superior trading performance. He told me, “Ritchie is a Momentum Master in the making and should be included in this book.”
To succeed as a stock trader, you need to learn what to buy, when to buy, and when to sell. More importantly, you will need to match your own trading style to your psychology and strengths and learn how to improve your weaknesses. As you compare and contrast the answers to each question, keep a sharp eye for the fundamental practices and core principles that these traders share. These nuances are the similarities between highly successful Momentum Masters.
- Stock Selection
- Position Sizing
- Technical Analysis
- General Market
- Entry Criteria
- Risk Management
- Trade Management
- Final Thoughts