Stock market for beginners
We have a tendency to listen to others, especially when you are clueless. When things turn out well, you would want to claim the credit. When things turn out worse, you would blame it on others. You should take responsibility of your decision as well as doing the necessary research to evaluate the stock. The person who told you to buy stocks is not going to pay for your mistake. Don’t sit around hoping somebody will give you a break. It’s your money, so be willing to be fully responsible for it. Take charge of your own destiny. Avoid falling into the trap of blaming others for your situation.
Some circumstances are uncontrollable, but we can always decide how we react to those circumstances. Taking just few minutes to follow your pattern of thinking at the end of every day can be a valuable way to identify what went wrong and what you can do to improve. “I think almost anyone can be net profitable in the stock market given enough time and effort, but to be a great trader, you have to have a passion for it. Each day, each challenge, each experience, each encounter will make you more knowledgeable, more capable, and more effective.
Don’t care if the markets are going up, down or sideways. Find opportunities to make money regardless of conditions. It is always advised that you learn as much as you could about the market. More knowledge about stock markets can only make you wiser and richer! Real learning occurs through repetition, making mistakes, identifying them and devising strategies to improve in future. You can always do better when you get well equipped with required knowledge and skill sets.
If you really want to excel in any field, you have to practice. You don't just read about something and expect to be good; you have to do it too. If you love what you are doing, you are going to be a lot more successful. It's those investors who really do their homework that succeed.