Lesson Learned from in this market fall- (1/n)
1. Never ever invest in someone's recommendation. you can get the stock name but you can not adopt conviction behind that stock.
2. Averaging down is the most destructive if you have not invested in quality business.
1. Never ever invest in someone's recommendation. you can get the stock name but you can not adopt conviction behind that stock.
2. Averaging down is the most destructive if you have not invested in quality business.
(2/n)
3. Downside protection is more important than upside gain.
4. Do not invest based on FOMO. First Understand the business, and the risk then only invest in that stock. It's better to miss out on the opportunity cost.
5. You are responsible for your gain or losses.
3. Downside protection is more important than upside gain.
4. Do not invest based on FOMO. First Understand the business, and the risk then only invest in that stock. It's better to miss out on the opportunity cost.
5. You are responsible for your gain or losses.
(3/n)
6. If your emotions are changing with price movement means you do not have that much conviction in the business.
7. Write down your opinion on a particular stock when the price is up when going down and when again rising up. if it's changing with price, you must exit.
6. If your emotions are changing with price movement means you do not have that much conviction in the business.
7. Write down your opinion on a particular stock when the price is up when going down and when again rising up. if it's changing with price, you must exit.
(4/n)
7. No need to take any TV experts opinion (listen to others &act as per our own style & understanding)
8. Define yourself either as an Investor or Trader(both can not be mixed ). The objective has to be very clear. Investing & trading are totally different. Do not mix both
7. No need to take any TV experts opinion (listen to others &act as per our own style & understanding)
8. Define yourself either as an Investor or Trader(both can not be mixed ). The objective has to be very clear. Investing & trading are totally different. Do not mix both
(5/n)
9. Studying yourself is much more useful and important than studying markets.
10. Focus on Learning rather than wasting time on price movements.
11. Wealth is created not only based on what you buy but primarily by how you behave.
9. Studying yourself is much more useful and important than studying markets.
10. Focus on Learning rather than wasting time on price movements.
11. Wealth is created not only based on what you buy but primarily by how you behave.
(n/n)
12. Only God knows where the market will go.
12. Only God knows where the market will go.
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