5. I Can Time the Market Accurately

Timing the market is perhaps the greatest mistake a newbie investor can ever make. Trying to time the market or predict its course is a complete no-no. Even the greatest of investors, Warren Buffett, is strictly against this behaviour. Markets are extremely volatile and are products of several global factors. Entry and exit into the market cannot be solely based upon a few days of market fluctuations. It is advised by all market experts that staying in the market for long will definitely guarantee better results as stock market investment is a long-term deal.