Contents of this article
Think & Trade Like a Champion – is a stock investing classic that every investor should read. It is the result of the author’s long journey of research and practice to arrive at the investing mindset he has today. That mindset brought him resounding success and the high regard of many professional investors. To understand it better, let’s take a closer look at Mark Minervini’s Think & Trade Like a Champion.
About the Author
Mark Minervini won the 1997 US Investing Championship – one of the best-known investing competitions in the US – trading with USD 250,000 and earning a return of 155%, almost double that of the runner-up.
Jack Schwager – author of the legendary Market Wizards books – once said: “Minervini’s trading record is staggering. Most investors and money managers would be ecstatic if their return matched Minervini’s worst year – 128%”
The author began his investing career with just a few thousand dollars and, after a while, grew his wealth exponentially. Minervini’s average annual return reached 220%, with only one losing quarter – a truly remarkable record. He once turned a USD 100,000 account into more than USD 30 million in just 5 years, a total compounded return of around 33,500%.
Drawing on his intelligence and hard-won experience, he wrote an outstanding book, Think & Trade Like a Champion – the classic that made Mark Minervini’s name known everywhere. Through it, the author helps stock investors in particular, and readers in general, gain an overall understanding of how professional stock investors think and trade.
What the Book Covers
Think & Trade Like a Champion centers on technical analysis and chart analysis, core knowledge that every stock investor needs to understand well. The book does not dwell on jargon or hard-to-follow economic figures; it is simply about price patterns.
If you lean towards technical analysis, you will love Minervini’s price patterns, such as the 3-C pattern and others, along with how to execute trades and manage capital as well as possible. In particular, the author also discusses “timing” – considered the best-kept secret of technical analysis.
Of course, the author does not just share his knowledge of chart types and money management; he also gives investors the right trading mindset: how to control your emotions and how to build a truly effective trading strategy.
What’s more, Think & Trade Like a Champion shows you how to improve your returns quickly without increasing your level of risk. Some lessons the book offers:
- How to read technical charts like a professional
- Correctly identifying and buying superperformance stocks
- How to determine the optimal position size
- How to minimize risk
- How to maximize profits
- How to take profits most effectively
- Avoiding the big mistakes you may face
- Keeping your emotions under control
- Setting a good investment strategy before you trade
Overall, the book is fairly comprehensive and better suited to investors who already have a basic knowledge of technical analysis in the stock market. If you are just starting out, or don’t yet know basics like candlestick patterns and price charts, it will be quite hard to grasp the book’s message in depth.
Our Thoughts on the Book
Mark Minervini is like a great teacher in the field of stock investing. Through Think & Trade Like a Champion, he has helped many investors who were losing money, or had yet to succeed, gain a sounder understanding of technical analysis and learn how to increase their returns. If you have never come across this book, I recommend reading and studying it at least 3 times to understand the author’s trading methods as deeply and clearly as possible.
When you finish the book, you will realize that it is not simply a book about stocks; it also covers managing emotions, focus, the law of attraction, decision-making skills, how to assess your current abilities and how to build a roadmap for improving your weaknesses. In short, Think & Trade Like a Champion is the key that takes you through to the other side of the door to success.
Technical Analysis Course – CMT Level 1
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Download the PDF of the book HERE.
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Green Chart designed this course to build a solid foundation in fundamental analysis & stock valuation (Fundamental Analysis), while showing students how to integrate it effectively into their existing trading system, especially for traders who already use technical analysis (Technical Analysis). The program includes 5 theory sessions and 6 months of hands-on trading guidance in the live market with the instructor.
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