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Chicago, IL – January 3, 2025 – Today, Zacks Investment Ideas feature highlights MicroStrategy MSTR, Palantir PLTR, Vistra VST, Nvidia NVDA and United Airlines UAL.
You are viewing: MicroStrategy, Palantir, Vistra, Nvidia and United Airlines
“The only way you get a real education in the market is to invest cash, track your trade and study your mistakes.” ~Jesse Livermore
What do Tom Brady, Ted Williams, and Jesse Livermore share in common? Each of these legends studied the past extensively (conducted a post analysis) to become the best in their respective fields. A deep knowledge of football strategy and off-field work allowed Tom Brady to lead his New England Patriots to a record seven Super Bowl victories. Though Brady had no unique “intangibles” (a slightly above-average arm but was very slow), his off-the-field study set him apart from his competitors. Meanwhile, baseball legend Ted Williams achieved a batting average of .400% by studying his past performance in detail. In fact, though swinging a baseball bat may seem straightforward, Williams wrote a whole book titled “The Science of Hitting.”
Like the sports legends mentioned above, Jesse Livermore became the most prolific person in his field through extensive self-study and post-analysis. While most investors hyper-focus on finding the next hot stock, Livermore focused just as hard on studying himself in addition to the market.
Livermore took self-analysis so seriously that during the last Friday of December, he gathered all his trades for the year and made the bank manager lock him in the vault for the entire weekend so that he could analyze every trade he made in excruciating detail. Livermore is not the only industry legend who has done an extensive post analysis. I also got to witness the importance of conducting an extensive post-analysis during my time working for legendary investor William O’Neil.
Below are five steps to conduct a post analysis:
Navigate to the “Gain/Loss” section of your brokerage account. Next, sort by “$ Gain” and “$ Loss” and record your ten best and worst trades of 2024.
Mark on the chart where you bought and sold each stock. Then, do your best to detail why you took the trade from a technical, fundamental, industry, or market perspective. My best trade from 2024 was a 257% gain in MicroStrategy in two months.
Analyze the strongest and weakest industries of the year and read about what drove each move. Strong 2024 industry groups included crypto, quantum computing, artificial intelligence, and commercial airlines. Weak 2024 industry groups included clean energy, steel, and biotech.
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Source: https://magnacumlaude.store
Category: News