Momentum Masters - A Roundtable Interview with Super Traders - Minervini, Ryan, Zanger & Ritchie II

by Mark Minervini, Bob Weissman (Editor)

130 real questions from real traders answered by Mark Minervini, David Ryan, Dan Zanger & Mark Ritchie II - four of America's top momentum investors. Mark Minervini returned 36,000% - a 220 percent average annual return with only one losing quarter. He won the U.S. Investing Championship with a 155% return. Mark is the Author of the best-selling book Trade Like A Stock Market Wizard; How to Achieve Superperformance in Stocks in Any Market. He is featured in Jack Schwager's Stock Market Wizards: Conversations with America's Top Stock Traders. David Ryan is a protégé of the legendary William O'Neil and a former money manager at O'Neil & Co. He won the U.S Investing Championship three years in a row, scoring triple-digit returns every year - his total return was 1,379%. David is featured in Jack Schwager's Market Wizards: Interviews with Top Traders. Dan Zanger turned $11,000 into $18 million in less than one-year during the late nineties. In two years, the former pool contractor's personal trading account ballooned to $42 million! Mark Ritchie II is the son of the legendary Mark Ritchie (Market Wizards, God in the Pits). He achieved a +100% return in his own trading account in less than 6-months to win Mark Minervini's 2010 Triple-Digit Challenge. Since then Ritchie II is up 540% - his total return since 2010 is over 1,000%.

Genres: Finance, Business, Nonfiction, Personal Finance, Economics

208 pages, Paperback

First published August 19, 2015

Reviews

[Ben · Rating 3 out of 5]

This is a difficult one to review. On the one hand, it's a short book that delivers on what it promises. You will likely get good ideas / insights from this one for momentum style investing / trading.

On the other hand, it is difficult to take the performance claims from the beginning of this book seriously. If you can really compound at 200% a year (Buffett clocks in at a long-term average of ~20% for reference), then why would you also have a multi-thousand dollar a year trading course? Perhaps books are written altruistically to spread knowledge, but paying so much for trading doesn't fit with someone who can make those type of returns, in my opinion. The investing contests that back up the performance claims also looks off, again, in my opinion only.

So with the above said, does that fully invalidate everything in the book? I don't think it does, but it definitely casts some doubt. Momentum investing works, that has been proven by many studies. But making 100%+ returns most years with (from memory) only 1 down quarter seems to me to be beyond the realm of what's possible.

[James Wood · Rating 5 out of 5]

Very good review by four excellent momentum stock traders and most issues facing someone trading for profits, as opposed to investing. The traders are Mike Minervini, David Gray, Dan Zanger and Mark Ritchie II. This is a good book for someone with some experience in trading to appreciate the responses. It's done in a style where a question is posed to them, then each trader answers in their own point of view, often the same and sometimes quite differently.

I'd definitely recommend to anyone honing their skills in trading. This one is a great book to work through a few steps at a time and forces you to consider your methods in detail.

[Vijaykumar · Rating 5 out of 5]

This is a must read book for traders. It comprises the way how different people create and hone their own style in the Markets. Mark Minervini, David Ryan, Dan Zanger, Mark Ritchie ii are the traders who share their experience with the market. I emphasis again that it is a must read and has to be read multiple times.

[Kai · Rating 2 out of 5]

If you’ve had bought previous two books, DON’T buy it

It basically repeated what have been described in previous two books with different ways. No worthy if you’ve already read them.

[Tony D. · Rating 4 out of 5]

Read several times between 2015-2017, and reread now in September 2020 during market chop. It holds up well. Actually, it's one of my all-time favorite trading books, and I feel it is underrated. Many pieces of timeless wisdom in here for swing and position traders.

[Mark Speed · Rating 5 out of 5]

This book is densely packed with full, honest and insightful answers to scores of questions from investors like you and me. The answers come from four of the best and most consistent investors of our age. If you're remotely interested in investing, you'd be mad not to read it.

[Varun · Rating 5 out of 5]

This book is superbly useful for a developing trader. Thoroughly enjoyed the thought process and different perspective of legend traders. We can find many commonalities among them in managing risk... Must read

[Anne · Rating 5 out of 5]

Lessons from the Masters

I've read a lot of books on trading. The value in this one to me was the common themes in the answers. I came away with renewed confidence that it's possible to improve, and another way to think about position sizing and risk management.

[Nguyen Minh]

good

[Michael G · Rating 5 out of 5]

Very informative

Lots of great ideas to make your trading improve. This made a few things click with me in some areas I’ve been struggling with.

[Sangam Agarwal · Rating 2 out of 5]

reading it like taking to someone who have 40 years of trading experience . not just traders they are champions

[Kantanut Srihirun · Rating 5 out of 5]

inspired me to read another book to know more what a professional trader think and do.

[Ali M · Rating 3 out of 5]

Short and sweet

An eye opener that will help you to start trading with no complications

[Nguyễn Tú · Rating 5 out of 5]

Excellent!!!

[Mohd Anaam · Rating 5 out of 5]

Knowing ever

[Gurmukh Sandhu · Rating 4 out of 5]

Learn before you Earn

[Ryan · Rating 5 out of 5]

Amazing insights for anyone interested in momentum trading from some of the best to do it.

[Austin Gunnerson · Rating 3 out of 5]

Decent interview style book. Review from Minervini’s book otherwise I would have ranked it higher.

[Saket Pansari · Rating 5 out of 5]

A must read. It's just many questions asked to 4 most respected traders in the world. I am sure most of the doubts regarding trading will be answered here.

[Sathish · Rating 5 out of 5]

Very Good and useful.

[Reader · Rating 5 out of 5]

I highlighted a ton of information from this one. I especially liked the ones from Dan Zanger since his style seemed more unique from the others.

[Jagadish Raju · Rating 5 out of 5]

Great informative, sharing their experience and wisdom. I'm confident this knowledge will help me a lot personally :)

[Radhey Baid · Rating 5 out of 5]

There are hardly any books written Dan Zanger. Finally got to understand his trading style through this book. Of course, reading Mark Minervini's take on trading strategies is always a delight.

[John Richards · Rating 5 out of 5]

all the right questions you would have asked yourself anyway if trading to Win and these pros had all the right answers

[Leon · Rating 4 out of 5]

Loved the book. I understand that each trader trades differently and should find their own style of trading but some of the answers seemed rather generic. Overall still packed with useful information especially on trading psychology and risk management.

[Thomas G · Rating 5 out of 5]

Inspiring and very helpful. Love it.