lessons learned from investing in the stock market

lessons learned from investing in the stock market

1. Train your mind to follow the rules
2. Practice the rules you made.
3. Start your trading with paper trade. Train yourself to follow the rules
4. Learn to handle your trading in a volatile market
5. You need to train yourself all alone. In this profession, nobody will help you
6. If someone helps you they never share their secret with you
7. Ask yourself can  you show your secret which is making money for you answer is no
8. Develop a good trading system 
9. Understand the mass psychology
10. If someone buys the stock and other is selling the same after the end of the week they both can be profitable proving that it is more important to manage your trade well.
11. An intelligent trader enters the market with low volatility time and exits the market when the market is highly volatile.
12. Always write the reason when you enter into a trade and exit from the trade
13. Always remember that the fear is three times stronger than the greed 62
14. The market always follow the horizontal support and resistance levels not diagonal
15. If the market is bullish it will make week lows on Monday and Tuesday and touches new high on Thursday and Friday.
16. If  the market is bearish  week high is set on Monday and Tuesday and touches the week  low when the weekends
17. Always remember that the closing price is set by the professionals and opening price set by the retail investors
18. Support is created in stock when stock touches bounce back more than 3 times
19. Resistance is created in stock when stock touches start downtrend  more than 3 times
20. Professional traders always buy near the support and sell near the resistance levels