5. You Should Be Patient

A patient investor will trade better in the market than the one who panics and sells his investment whenever the market dips or stock price falls. Selling stocks should be treated just as seriously as buying them.  In case of any sudden fall in the stock price, hold it for some time.  But if the stocks consistently give poor performance, wait until you can use it in a gain-loss transaction that will save you taxes. Even there can be situation that by the time you hear the bad news, it would have already settled in. Hence taking your time isn't going to make it much worse.

6. You Should Question Authority

As an investor you should develop the skill of asking and answering the right questions to the authority. CEOs, CFOs, CPAs, CFAs and all the other managing professionals should be questioned in case you find any inappropriate information in the press releases and have quires, you should ask for clarification or information to the company officials, so that you don't end up doing a bad investment.

Also Read: 15 Banking Terms You Should Know