Thread by @rhemrajani9

Many want to find the next $SE, $AMZN, $SQ, $SHOP, $TSLA, $NVDA, etc

To find long term winners, I believe its crucial to 𝗰𝗿𝗮𝗳𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗽𝗿𝗼𝗰𝗲𝘀𝘀!

Question I asked some of the best contributors on FinTwit, here's what they said 👇🧵...

@AnthonyOhayon - "Look for what you don’t see clearly at first."

@AviNMash - "Zig when others zag"

-Tony and Avi - @PoundingDaTable 👊

@BrianFeroldi - "Watch the business, not the stock."

@caleb_investTML - "Have your own plan, clearly understand your investment time frame, know your risk tolerance, and above all else believe in your process."

@Eric_Weiner48 - "Remember, everyone is playing their own game. Market makers, fund managers, traders, everyone is playing their own game.

2/ Make sure, when taking in information - including mine - you don't get sucked into someone else's game. Know which game you are playing."

@ParrotStock - Start early = yes

Do your own DD = yes

Manage risk = yes

"But to be a better investor, keep an open mind, and feed your passion for learning. "🦜

@meaganmarkelle - "Invest in what you believe in and would use, don't just follow the crowd. Your taste and values alongside a deeper dive into the efficiency of a company is the equation for a great long-term hold."

@horowitz_eric - “Best advice I can give is embrace making mistakes in the market. Neither you nor I will ever be 100% on every pick. The worst thing you can do is get down on yourself because the market disagrees with your initial thesis.

2/
Use that to either build conviction in the company or as a learning mistake. 💯🔥🤠"

@jbs5 - "Not to try to catch every single winner you see on fintwit or anywhere else on news. Focus on a few things and build your conviction by doing research (news, conference calls, earnings etc)...

2/ Next thing is build your style and evolve with the time. Nothing wrong to be contrarian if it works for you. "

@Mayhem4Markets - "It is more important to manage the potential for risk than the expectation for returns."

@SpecialSitsNews - "Know what you own. Be able to explain business model to a 5 year old."

@DisruptorStocks - "I would say you need to listen to their most recent earnings calls and view Investor Presentations. These give a glimpse into future plans for how the company is looking to expand/grow."

@ProblemSniper - "As a new investor - always have a long - medium - short term goals. Define the risk and the capital. Having goals puts perspectives in place and adds to the motivation to keep investing."

@Zen_Options - "Invest in companies that you believe in, that you understand, that you know will continue to thrive in the future economic landscape. Then buy fear, buy blood red days when the bulls are hurting the worst."

@FT_Trades - "Trades never follow your personal beliefs they follow trends."

@EugeneNg_VCap - “Find, buy, hold & add to excellence, sell mediocrity. Let your winners run high. The upside from your multi-bagger winners will far exceed that of the losses from your losers combined many folds over (max -100%).”

Inspired by @DavidGFool

@NeuroStockDoc - "Figure out your style. Read and learn from others, then experiment to see what meshes best with you. Don’t be afraid to make mistakes early on. Once you figure out your style, continue to work to improve it."

@NatHarooni - "Scientific journals are the best way to stay ahead of the curve and find the next big thing in biotech. That’s the number one tool smart retail can use to buy before smart money. "

@InvestiAnalyst - "I've learnt to focus purely on the upward trend of the business fundamental and my investing process rather than focus on price action."

In closing, I found this exercise to be insightful, refreshing and truly shows how much we can continue learning from each other using this community in a beneficial way!

S/o @Invesquotes for this thread inspiration 🙏

🔁to share the knowledge w/ others!