Kamakura
1.8K posts




ハーバード大学が『人にとって幸せとは何か』を75年かけて研究し続けた結果なんだけど、『同じ志を持つコミュニティの中で、支え合いながら生きること』みたい。 お金でも富でも健康でもないって話。

Mark Minervini doesn't fight the tape -- even with a 33,500% career return. He explains why even an A+ setup fails 70-80% of the time in the wrong market -- and why the best traders sit out more than they trade. The market decides your win rate. Not your chart.

I haven’t had a serious drawdown since the 1980s—just a few single-digit down years in over three decades. How? A deep respect for risk and unconditional patience. A few key rules: 1. Always cut losses short - no big losses. no exceptions! 2. Only trade large on the heels of smaller trades working 3. Always trade progressively smaller when trades aren't working 4. Never average down 5. Never let a good-size gain turn into a loss 6. No forced trades - no style drift

I made the poor decision of scrolling X on Friday after the close and I have to confess I was about ready to go look for a bunker to hide in. For starters it is no wonder everyone that is on social media scrolling all the time is lacking meaning/purpose and battling anxiety/depression. In regards to the market when I see people calling for 87' style crash and everyone claiming to be an expert on the Strait of Hormuz I start to think the bottom is close. This is also where having a process that is comfortable with higher levels of cash helps you sleep and not worry over weekends like the one we just had. It wouldn't have surprised or bothered me me if the Dow opened +/-2000pts. If you do this long enough you will see some scary stuff, they key is to respect the risk and have a plan to manage it in real time before it gets or feels 'end of the world'.

There is a time to go long, a time to go short and a time to go fishing.” – Jesse Livermore

