Know your limits
This applies to how much money you are allocating to buying stocks as well as which stocks you are looking to buy. Don’t invest money that you can’t afford to lose and avoid investing in companies that you don’t understand.
Stick with your plan
Be prepared to stick with your investments if you still believe that it’s the right thing to do. Learn to filter out short-term noise and focus on making sound judgements based on your research and analysis.
Diversify your investments
Don’t just buy stocks in one company and make sure to invest in other things aside from stocks. Remember, buying stocks is risky. Always diversify your portfolio of investments by also buying other investment products such as Amanah Saham, EPF, ETFs, and unit trusts.