3 Lessons From Our Best Stock Trades - Zacks Market Edge Podcast 33

Without talking about it beforehand, they both decided to share their top three lessons, and, wouldn’t you know it, none of the lessons overlapped. David came at it from a momentum trading angle while Tracey leaned more heavily on her value investing history. For Dave, his first lesson was “Don’t fall on your own sword.” If your strategy isn’t working, get out. Don’t try to convince yourself the market is wrong. Dave discusses Twitter (TWTR) and how it looked like such a great trade when Jack Dorsey came back, but it hasn’t turned out that way. For Tracey, her first lesson was to have “patience.” In 2014, CEO Mary Dillon bought shares of Ulta (ULTA) when it sold off on a weak earnings report. Dillon bought a chunk of shares in March 2014. But in the months afterwards, the shares didn’t do anything. They didn’t pass her buy-in price again until September 2014. In the meantime, Tracey, who bought them in the Insider Trader after Mary bought, held them in the Insider Trader portfolio for all those months as they treaded water. Her patience paid off. It turned out to be a highly lucrative trade, as shares have since soared. Additionally, Tracey and Dave look at Whirlpool (WHR), NeoPhotonics (NPTN), and Pioneer Natural Resources (PXD) as further examples of lessons learned from trading including how to trade small caps and why not to follow the herd. Learn from their mistakes and successes. Find out what Tracey and Dave’s think of these, and other trading lessons, in this week’s podcast. Twitter: https://www.zacks.com/stock/quote/TWTR?cid=cs-soundcloud-ft-pod Ulta: https://www.zacks.com/stock/quote/ULTA?cid=cs-soundcloud-ft-pod Pioneer Natural Resources: https://www.zacks.com/stock/quote/PXD?cid=cs-soundcloud-ft-pod Whirlpool Corp: https://www.zacks.com/stock/quote/WHR?cid=cs-soundcloud-ft-pod Neophotonics: https://www.zacks.com/stock/quote/NPTN?cid=cs-soundcloud-ft-pod Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch

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