What's the biggest mistake people make when getting started in the stock market?

DON'T DO MISTAKE - INSTEAD OF BUYING STOCK BUY STAKE

People make lots of mistake when they start their trading journey.

Like ,

1. Lack of knowledge - leads to disaster ( Instead of learning about Stock market, trading, investments, strategies they focus mainly on making money)
2. Wrong Approach - ( Considering Stock market as a place where they can gamble their money and can become rich overnight, they always be in a hurry )
3. Mental ability - ( Revenge trading after making losses leads them in a huge debts and it completely ruins their life and career )
4. Overconfidence - ( This completely disturbs the risk appetite and they don’t have proper risk management too)

There are many as such points a trader and investor make in the start, but instead of counting those it’s better i can suggest the

Right approach to the stock market for a trader

1. Learn about Stock market trading, read books, watch videos, join mentorship programs and stock market trader courses.
2. Plan your trade, Make your own strategy based on your capital, risk taking ability, and proper risk reward management.
3. Don’t let the losses mount, have a proper stop loss and implement it always.
4. Never average your losing positions i mean trades.
5. Do not take the excessive margins.
6. Don’t trade too much - keep yourself out of over trading.
7. Follow your strategy and set of rules don’t get influenced by others.
8. Do your own homework about trading or investment.

Trading is a rewarding career, the feeling of working on your own time, writing your own pay cheques and enjoying the royalty of such kind never comes so easy. It involves hard work, smart work, many sleepless nights.Respect your time and improve every single day.

Thanks !!