Best stocks to invest in – 3 Lessons From Our Best Stock Trades

Best stocks to invest in

Welcome to Episode #33 of the Zacks Market Edge Podcast.

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

In this episode, Tracey is joined by David Bartosiak, Zacks Equity Strategist and Editor of the Momentum Trader and Home Run Investor services, to discuss the lessons they’ve learned from trading stocks.

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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TWITTER INC (TWTR): Free Stock Analysis Report
ULTA SALON COSM (ULTA): Free Stock Analysis Report
PIONEER NAT RES (PXD): Free Stock Analysis Report
WHIRLPOOL CORP (WHR): Free Stock Analysis Report
NEOPHOTONICS CP (NPTN): Free Stock Analysis Report
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