Pure Mark Minervini 10%TP 5%CL

This trading strategy is based on Mark Minervini's principles and makes use of moving averages (MA50, MA150, and MA200) to determine the market trend, as well as 52-week high and low indicators. Entries are made when specific conditions are met, relating to these indicators, and exits are triggered at either a 10% profit or a 5% stop loss from the average entry price.

To trade this strategy manually on TradingView:

• Determine the 50-day simple moving average (SMA), 150-day SMA, and 200-day SMA of the stock.
• Calculate the highest price and the lowest price of the stock over the last 260 days.
• Check that the closing price is above the MA150, MA200, and MA50; MA150 is above MA200; MA200 is above its value 22 days ago; and MA50 is above both MA150 and MA200.
• Ensure that the stock's current price is above the 52-week low by at least 25% and below the 52-week high by less than 25%.
• Enter a long position when all the above conditions are fulfilled and the stock's closing price is above $0.30.
• Exit the trade when the price reaches 10% above the strategy’s average entry price or falls to 5% below the average entry price, whichever comes first.

Improving the Pure Mark Minervini 10%TP 5%CL strategy involves refining the criteria for entry and exit points, as well as incorporating market sentiment and additional technical analysis to capture nuances beyond mechanical rules. Here’s a plan to enhance this strategy with manual trading:

• Incorporate Volume Analysis: Look for an increase in volume on the day the stock meets the entry criteria. Higher than average volume can indicate stronger conviction in the price movement.
• Use Candlestick Patterns: Before entering a trade, observe candlestick patterns for potential reversals or continuation signals. Patterns like 'Bullish Engulfing' or 'Hammer' can provide additional confirmation of a strong entry.
• Adjust Moving Average Parameters: Experiment with different lengths for moving averages to adapt to different market conditions. In volatile markets, shorter MAs might provide more relevant entry and exit triggers.
• Add Momentum Indicators: Integrate momentum indicators such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) to gauge whether the stock is overbought or oversold at the entry point.
• Consider Market Trends: Before taking a position, assess the overall market or sector trend to ensure the stock's individual movement aligns with broader momentum.
• Conditional Take Profit and Stop Loss: Instead of fixed 10% and 5% levels, use a trailing stop loss to let profits run and cut losses quickly if the stock reverses direction immediately after a trade is entered.
• Refine Entry Points: Instead of entering at the open following signal confirmation, consider using limit orders slightly above the breakout levels to avoid buying during a gap up and potential immediate reversal.
• Risk-Reward Assessment: Prior to executing trades, evaluate the risk-reward ratio for each position. Preferably, seek trades that offer at least a 2:1 reward-to-risk ratio.
• Utilize Price Action: Pay attention to historical support and resistance levels. Entering trades as the price moves off support or before it hits a resistance level can provide a better positional advantage.
• Post-Trade Analysis: Keep a trading journal documenting the outcomes of each trade, noting whether additional filters or adjustments would have improved the trade's success rate. Use this data to refine the strategy over time continuously.

The Pure Mark Minervini 10%TP 5%CL strategy is suitable for traders who prefer a systematic and disciplined approach to capitalizing on stocks in an uptrend. It is designed for:

• Trend Followers: Traders who focus on capturing gains by following the direction of market trends.
• Swing Traders: Those who take trades over a period of days or weeks to benefit from price swings.
• Technical Analysts: Traders who base their decisions solely on technical indicators and chart patterns.
• Risk-Averse Traders: Individuals looking for structured entry and exit points, minimizing decision-based errors.

This strategy aligns with a trading style that emphasizes detailed technical analysis, strict adherence to predefined entry/exit rules, and a focus on short to medium-term price movements.

• Strategy Essence: Utilizes Mark Minervini's trend-following criteria focusing on moving averages and 52-week price thresholds for entry and exit points.
• Automation: Executed via TradingView script, automatically analyzing market conditions and executing trades according to pre-set rules.
• Manual Trading: Involves checking moving averages, volume, candlestick patterns, and 52-week high/low data to manually identify entry and exit conditions.
• Optimization: Incorporate volume analysis, candlestick patterns, momentum indicators, and market trends to refine the strategy and entry points.
• Risk Management: Implement conditional take profit and stop loss levels, such as trailing stops, and assess risk-reward ratio to enhance trade outcomes.
• Targeted Traders: Best for trend followers, swing traders, technical analysts, and risk-averse individuals who appreciate structured trading plans.
• Combining Approaches: Use alerts to stay informed of potential trade signals and combine with manual analysis for improved decision-making.
• Continuous Improvement: Keep a detailed trading journal for post-trade analysis to continuously refine and adapt the strategy.