Never Borrow to Invest
If you are planning to start investing in the stock market, first get rid of your previous debts.
Moreover, you should only invest that amount which is surplus.
Diversify Your Portfolio!
If your investment is diversified (five or more stocks), then the chances of a single stock hurting your entire portfolio is reduced.
If you want to build wealth from the market, you need to invest consistently. You also need to increase your investment amount continuously.
Avoid Herd Mentality
Try to avoid getting influenced by other investors. Understand and follow your strategy.
Most of the stocks take at least 2-3 years time frame to give good returns to their shareholders.
Don’t Get Emotional
Many investors have been losing money in stock market due to their inability to control emotions, particularly fear, anger and greed.