2021-08-14
- Focus on the % , NOT the "Amount"
If you have the confidence and you are skilled enough in making for example say, 40% gain, then you can do it with Rs 10,000 or with Rs 10Million. The amount doesn’t matter. From day 1, you should focus on maximising your % return on investments instead of making the most capital right away.
- Don’t be too quick to become a trader
Once you have a decent amount of money to work with, you can focus on trading. Until such time build up capital whilst gaining the experience, improving skill level, studying stock market. (You have enough resources within this website as well).
Once you switch on your trading mode, your goal is to capitalise on the volatility of stocks daily. If a stock goes up or down say by 5%, you should be able to capitalise on that.
- Control your emotions
Obviously it’s impossible to make the right decision every time, but if you are only risking Rs 1,000 to make Rs 3,000 then you only need to be right 33% of the time to profit. Hope you got my point.
- Focus on discipline
It’s easy to invest in all the stocks in the news or that your friends tell you about, but doing the research yourself will always lead to better investments. Trust your skill level and do the research. Investor Think YT channel and carefully developed courses in this website have helped many investors in achieving that goal.
- Don’t fall for the hype
Unless you are a trader and looking for volatility, don’t even touch 99% of the heavily promoted stocks. Most stocks with the hype around might have negative aspects that many tend to overlook.