4. Treat investing as business

New investors enter into the share market with a tendency of gambling and making money. They just want to learn how to play, but this doesn’t help until the investor develops real skills to sense the investment more seriously and hence he should treat it as a business rather than gambling. As soon as this tendency injects in a market newbie, the thought pattern changes in them.

The newbie starts understanding his profit and loss and automatically good questions comes to mind that, “Will this investment / trade / software / subscription make or lose me money?” So always treat investment as business and not as a hobby.