Mr UPST

Twitted in Oct 2021.

Today Jun 5, 2022


But, risk management,

Boomers got slaughtered by dotcom bust, 2000-2002
Millennials got slaughtered by cloud bust, 2021-

His achievements

Mr UPST calling for a bottom.

That remind of the “take two weeks to flatten the curve”

Here is my 2 cents on Mark Minervini:

He is the Author of few trading books which he continuously revise it then and there to make earning.
He keeps twitter, reddit accounts, TV ads for publicity to improve his book sale.
All his claims (sell at Nov 2021) are just ads to show he is too good…etc, but nothing is reliable.

Other than this, he does not have any magic of stocks or market.

Of course, he is able to sell books and make millions out of it, that is an art !

Here is how I came to know about him.

A friend of mine gave his twitter links, gave Puru’s link, Gave some other IBD links, subscribed to $150, $300…etc for many stock wizard…etc

His was having $800k investment accounts, following all these people, he used to buy/sell without doing any home work! Naturally, he lost $200k.

At that time, Appx Aug-oct 2021, I proved him that all are waste, just follow some rules and now his life is changed, he is either positive or not losing money.

Trading Rules:

  • Before making a buy, he needs to ensure he is right 100%. Even 1% doubt or 5% doubt, never buy.
  • Decide the steps one day ahead not to panic at the market hours.
  • Choose top 20 high market cap stocks or sector ETFs or index ETFs
  • Never buy loss making companies, even if it can go up 50% in a month
  • Never buy on a green day, Never sell on a red day
  • Do not have fear when market tanks more than 4% or 5%, buy on that day, sell when positive.
  • Never buy more than 30% cash in a day, keeping buying DCA when market dips after a big drop (4%-5%), sell when positive.
  • Finally, my famous one, never believe daily news/media for daily fluctuation of market. They are written, after the fact, to improve circulation but not necessarily truth for retail users. Trust only 50000 feet economic information given by news/media.

For B & H, use index ETFs such as QQQ or SPY, keep DCA when they tank more than 4% appx 10% each time.

BTW: This is not written for publicity, just sharing my thought process how to become successful, making positive cash flow. You can review or ignore it.

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In other words, he would troll those who are less successful :rofl:

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Puru realized he is wrong about buy n hold strategy for unproven growth stocks and started to follow Mr UPST.

He repeated his bottom call.

My school teachers and principals say I’m a promising student with high potential. Got a BEng and a MBA, but is out of a job since 40s. I am a proof that education is :-1: School dropouts like Mr Minervini, Mr Jobs, Mr Gate, Mr Zuckerberg rock.

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