“It didn’t pay off, but I studied steadily.” – Mark Minabini

Book scrap #MarkMinabini

For many years, I have tried to perfect my investment methods. I used to study 70 to 80 hours a week, looking into stock charts and corporate financial data until the sun rose the next day. I studied steadily, even though it didn’t produce results. Over the years, I refined the trading process perfectly by identifying Algok and Jutjeong. To do so, I analyzed not only successful trading but also, more importantly, failed trading. I spent a lot of time figuring out how the great investors approached the market, established and implemented trading strategies, and what moderation they have made to follow their model.

Then something wonderful happened. I prepared patiently and eventually the opportunity came. I had years to hone my skills, and by 1990, I was ready to take advantage of the new bull market. With all the lessons learned through trial and error, the ball was flying to the plate. I was aiming for a chance to hit a home run. Like an Olympian who was ready to practice hard and show perfect performance, I was 100 percent ready.

The opportunity of the stock market can come at some point. To take advantage of these opportunities, you need to be prepared and act. Even now, somewhere in the world, someone is constantly preparing for success. If you are unprepared, you can only imagine what you could and should have done when someone was making a lot of money. So be prepared, be prepared. The opportunity will definitely knock on your door.

, Mark Minervini