Learn from your successes and mistakes, for this do a post-analysis of your stock market trades regularly. Buy the very best companies at the right time to earn good returns from market. Focus on the sectors such as medical, drugs and computers, communications technology, software, specialty retail, and leisure and entertainment to make success. Learning from the best stock market winners can guide you to tomorrow’s leaders. Replace the old formulas, “buy low and sell high” with “buy high and sell a lot high.” Avoid more volatile types of investments, such as futures, options, and foreign stocks. As a newbie, set up a cash account, not a margin account.
I agree with everything on the list but in time there is space to buy value stocks which have maybe fallen out of favour - perhaps when a trader has a little more experience.
Another one to add to the list:- Do not over stretch your finances - as we have all done in the past!
I would also like to add few point - 1. Your investment success depends on the strategies you used while trading, so builds your own smart strategies. 2. Do not invest your all money in a single platform instead of that divided them in an equal part. 3. Do not take decisions emotionally, because it could lead you to loss of your money. 4. Select your broker wisely because he performs activities on your behalf.