LESSON 1 : AVOID HOPE TRADE
Most of the Investors lose money because of hope trade. Trade base on the facts on ground, analyse the market with brain,not heart.
Use heart for family,do not waste it on stock market. Follow the following trading rules :
buy a stock based on real data,not by emotions like it is cheap,not rallied so far....etc etc
if your trade goes wrong Sell the stock ruthlessly without wasting a second.
There should be no place for hope in your mind between 9.15 am to 3.30 pm.
If a few trade goes wrong one by one ,take a break for the day. Never hope to make it up at all cost.