Investing in the Stock market is a game for smart, intelligent, and lucky people. Stock markets can even lead to great losses. It, therefore, becomes necessary to do thorough research before stepping foot into stock markets. There are lots of people who have become successful by investing in stock markets. Warren Buffet as well as Rakesh Jhunjhunwala, are the two most people in stock marketing.

Have a look at some of the tips before investing in the Stock market with special reference to Jhunjhunwala

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Competitive edge companies are the best

Yes! it is always better to do investment in a company that is in front of its competitors. This makes it hard for other companies to replicate. It should also be noted that it is only hard not impossible.

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Let’s check it from Rakesh Jhunjhunwala’s experience. Back in 2002, Jhunjhunwala invested in CRISIL. That time it was selling for Rs 200. Since then the stock went up nearly eight times. Then it reached to Rs 1600. Another instance was when he invested in Delta corporation. It was the time when people generally did not invest in casinos. This was so because it was extremely difficult for companies to get a license for casinos. This competitive edge helped Delta Corporation make a lot of money. Therefore this was also a turning point in his life. His stock went up six times.

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Trading v/s Investing

Most of the investors in the stock market may not be from a rich background. Without capital, it is of little or no use in the stock market. It is a better suggestion to start trading and then investing in the stock market. If you do not have enough resources to invest directly in the stock markets start with trading. Trading not only help you to make the capital but it also helps to gain better knowledge about the working of the stock market. Once you study the process of working there are better chances of becoming successful. Further, this will also give them the confidence to move ahead. A trading program also keeps a person mentally active and engaged in the market.

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Jhunjhunwala when started his career had only Rs 5000 in hand. For making capital he stepped into the trading field. He spent nearly a decade to make capital. Jhunjhunwala is still active in this field. He says that trading is for short term gain and investment is to turn short term gain into long term wealth.

Have Patience

Keep patience it takes time to become successful. There are instances when a stock market crashes and lead to a loss. Further, investment is not a day job, it takes time. In such circumstances is essential to maintain a pace. Backing out after the first attempt will ultimately be a foolish step.

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Never take any of the impulsive steps, in the beginning, wait for a while for the outcomes. The moment our portfolios start to showdown we get panic. This is indeed the time to calculate and act wisely. While the stock market kings wait for a while and later emerge with flying colors. Further, is indeed the key difference between a beginner and a king. To become a king once do not quit now. Successful investors have a great level of tolerance for failures. It is actually the experience from these failures that have made them emerge as the best.

Developing Passion

Anyone can force you to do a particular job. But it is impossible to create for the same in someone. Passion is actually a feeling or an emotion. It is a desire that a person inquires about because of some inspiration from the surrounding. It may also be due to a strong interest in a particular field.

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Anything done with full interest yields better results. It is always better to do things that can make you feel good. This is so because while doing such things one is more creative, confident, and concentrated.

Learn from Past

Mistakes are not always to regret. Learn from them and then calculate further in such a way that you do not repeat the same. Making mistakes is indeed essential to achieve better. The time when we make mistakes are really painful. But these should be taken as a reference. Yes! take references from the flaws of your previous investment.

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