This is my 10th year in the Indian stock market. 15 lessons I learned the hard way.

1. Never chase what’s popular.

2. Intraday trading is a fool’s game.

3. Think long-term. Avoid short-term.

4. Chase money and it will never come.

5. Stay within your circle of competence.

6. Never borrow money to invest in the stock market.

7. Technical analysis alone is not going to make you rich.

8. News anchors don’t know shit. Completely avoid them.

9. Your mindset is more important than your methodology.

10. Avoid the company if debt-to-equity ratio is more than 3.

11. Reading books alone is not going to make you a better investor.

12. Watching stock prices all day will not make you a better investor.

13. Desire for fast money and easy money is the root cause of your misery.

14. You are going to miss some good opportunities. It’s okay. Don’t be hard on yourself.

15. Don’t get overexcited when you make money. Don’t get depressed when you lose money.