Maybe i can, forgive my English i know its not perfect or great.
I used to trade and was lucky hence made quite a bit of money . but i must emphasis it was mostly luck, not some insight or gift.
I looked at the mistakes and asked an accountant, he laughed and said he was not surprised their were some losses on some of the shares and he taught me how to read financial statements and pointed me to some books on value investing.
Any way, i took his lessons on board and read up on fundamental analysis and deep value investing. . I then wrote our own in house system server to examine listed and desisted company historic fundamental history looking for deep value stock. With these i then performed 1000's of trillions of back test looking for an edge. Wow was i amazed the market was very efficient and edges were all exploited and it was not possible to reliably make consistent profits after 2008. . I then considered that fundamentals only take you half of the way, if you dig deeper into the announcements and get a real understanding of what the company does, its accounts ,where it is going ,its products etc, then you can make a living of it. . So now we use our private software to scan the market weekly along ,then short list candidates and then do deep dives on the announcements and history , board ,competition etc,sometimes often going back to the company birth.
This has brought us so many multi baggers it has changed our life. Don't have to work, have brought a few houses each year along with commercial property with the proceeds and reinvest the rest in the stock market.
I guess the message is ,their is no magic formula you can just follow as far as i know, if their was others would have found it . . But with time and effort in doing your own research you can uncover many gems that will deliver many hundreds or even thousands of percent profit. Some might not be any good but the most they can fall is 100%, but the winners can keep rising thousands of percent with time. These will sometimes be accompanied by hugely negative sentiment, but that might be one of the reasons they are undervalued.
Warren buffer, Charlie Munger (RIP), Mohish Pabrai, Peter Lynch and maybe Michael Burry all say the same thing, and they are all super rich. What is common in their approach. . Its looking for undiscovered undervalued stock that people miss.
Just do as a previous poster posted, try to fly with the eagles rather than with the turkeys.
Doing your own research (DYOR) is essential as others can get it wrong, wont report on the gems or might have suspect motives.
when trading i consistently picked the best performing stock on the ASX between 2016 and 2019 due to luck. . After that it was great companies growing profits at profound rates at ridiculous cheap prices.
Their have been some awesome poster on hotcopper who do their own research and clearly intelligent and helpful, Their are plenty who give really bad advice as well ,but they tend to be on channels where they moan about the board losing their money
And last bit of advice ,keep emotion out of your decisions,
I hope my English was not to bad as others point out.
