Stock Market is not a place of gamblers. They are one of the smartest and intelligent species of Earth.
There is nothing which you should hold for life-time; only few businesses will be such.
Never come to market quitting a job, because here there is no guarantee of success. Have a safe side to meet daily expenses.
Never trade above your earning capacity, Market is very lucrative but never become a victim of it. Because only good businesses can generate millions of dollars for you, not stock market. We can take example of Star Bucks which was started around 70’s and we can see it’s success now, but in stock market people want to become instant millionaire, never attempt it.
Futures are dangerous to blow your whole account. As esteemed Investor Vijay Kedia says, “Rome was not built in a day; but Hiroshima & Nagasaki was destroyed in a day.”
Invest in your brain, learn from good books, because from that you can get confidence even if some big people contra trade against yours. When I take positions I am 100% sure of my knowledge, because whatever happens in market I never stop learning.
Re-invest the time from profits, I believe that if we shouldn’t use the profits for lavish life style because once we become addicted to it, we will need more money, and that will lure us to do some stupid steps. So live life comfortably but do not overspend to show off!
Those who are freshers should start investing in Index Stocks, because that are much more safer, though there is no something like safety in stock market, but it will not erode your total capital.