As the bear market approaches its bottom, the leading stocks that have best resisted the decline will emerge first. "The stock that emerges first with the most power in the early stages of a new bull market is usually the best candidate for super performers".
Super performance comes from risk asymmetry. You risk 1 dollar to make 3, 5, or 10 dollars.
他将这种净利润的连续增长称为“盈利加速（Earnings Acceleration）”，这意味着企业不仅赚钱，而且越赚越多，整个趋势正在向上加速。当一个利润增长率达到50%以上的股票出现VCP形态，往往会点燃爆炸性的上涨行情。 As the bear market approaches its bottom, the
strategy. The book distills 30 years of trading experience into a systematic approach for identifying "superperformer" stocks capable of triple-digit returns. The SEPA Strategy
In 1983, Minervini bought his first stock and made a significant profit. "I thought to myself, stock investing is really easy," he later recalled. The market quickly taught him humility. Despite early profits, his losses grew larger. By the late 1980s, he had lost everything. You risk 1 dollar to make 3, 5, or 10 dollars
– A structured process for reviewing every trade (win or loss) to extract measurable lessons and track personal performance metrics (win rate, avg hold time, max drawdown).
Super-performance stocks are almost always in a clear, aggressive upward trend before their biggest runs. The SEPA Strategy In 1983, Minervini bought his
– A feature requiring that every trade’s potential profit target be at least three times the amount risked (stop loss distance) before entry.
Focus on growth stocks breaking out of VCP patterns with strong earnings acceleration. Market leadership is broad, so your watchlist will likely be full of candidates.
Mark Minervini’s methodology proves that superperformance in the stock market is not a matter of luck, but a result of intense discipline and strict adherence to a specific set of rules. By ignoring personal opinions and focusing purely on price action, volume, and explosive earnings, traders can protect their capital and achieve superior returns in both bull and bear markets.
当一只强势股开始从高位调整，Minervini会观察其波动的收缩程度。下面以一只典型的技术设备股为例（数据来源于公开市场分析），说明VCP的实际运作方式：