Part 1 - https://www.reddit.com/r/IndianStockMarket/comments/1anziwf/general_gyan_from_an_oldish_timer/

1. There are many ways to make money in the markets. The only way to reliably make life changing money (where you don't need a 9 to 5 job) is by investing large sums of money at the right price and stay in the market for a sustained period of time.

2. A lot of people put up screenshots on these Reddit Subs about 300% Gains in IRFC, IREDA etc. The problem with this is since these are mostly new investors, they did not do the research, they bought based on tips so they didn't have the confidence to invest large sums of money. So investing INR 10K which becomes INR 30K in 3 months is nothing but a lost opportunity. There's nothing to celebrate there. Imagine coming to the conclusion independently that IRFC @ INR 25 offers enough margin of safety, you could invest INR 10 Lacs instead of INR 10K. That changes things.

3. Every bull market becomes a breeding ground for pump and dump operations. P&D can be run via a Youtube or Whatsapp or TV channel but the method hasn't changed in the last 100 years. Talk up a stop, keep buying, it hits upper circuit consecutively, the lazy retail investor gets sucked in, the operator dumps the stock, the retail investor gets stuck. Our current laws do not prosecture p&d operators adequately. SEBI simply takes back the money earned penalty. They need to charge them 10X that.

4. Even some very skilled buyers are mediocre sellers (this includes me). It takes a decade to learn when to sell. You will not learn this by watching a Youtube channel on 1.5X speed. If you don't know when to sell, you will utter lazy one-liners like "Time Spent In The Market Is Better Than Timing The Market."

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