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Why this famous trader is 100% invested in the S&P 500 right now — even after the U.S. strike on Iran

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Mark Minervini won the U.S. Investing Championship with a return of 155% in 1997 and with a record 334.8% in 2021 .

He's bullish on the major indexes like the S&P 500, but cautious with regard to individual stocks.

Right now, participation is weak because money managers are gravitating toward the big heavy-weighted stocks in the index.

Minervini: Managing risk and maintaining discipline is the real secret to trading success.

He says the key is to get out at single digits, and to do that, you must use a stop-loss.

When you buy a stock and the stock goes down, you're wrong. If you sell it and take the loss, you’ve admitted defeat. Psychologically, being wrong twice is a powerful force.