Stock Market

Hello steamians,
I am here to tell you about a great way to earn money and respect apart from cryptocurrency.
We all know that the stock market is the best place to earn money easily and earn too much. Warren Buffet is the man who proved that and became the king of the stock market with the net worth of approx U.S$85 billion.

He started investing at the age of 11. He is not from a very poor family but still, he sold newspapers and earned money for investing in the stocks.
He studied in Columbia University, Where his investment philosophy is pioneered by Benjamin Graham.
He worked for him with very low wages to learn the value investing strategies.

Here are some strategies from Warren Buffet to invest in stocks with calculated risk-

1- Don't go for Diversification easily

Diversification is the way of mixing a wide variety of portfolios to reduce risk but it reduces the profit too. If you easily go for it then surely you will leave the investing because investing requires risks.
An investor should buy stocks on the long-term basis, he should wait for the good stock

2- Invest in yourself

The best thing a person can do is to invest in himself, not everyone will be going to make his fortune in investing because most people are not willing to take knowledge of what they are going to do, which leads them to the bankruptcy.
Investment knowledge is most important to start investing.

3-Believe in yourself

The hardest thing in investing is believing in your own investment decisions.
Most people tend to go for what peer is doing and that's the reason why they aren't the people who own the crown.
Go for the best decision you can make and believe in yourself, just don't get panic, wait and watch, even apple got bankrupt before being the most valuable company in the world.

4- Choose those stocks which you can understand

You should not invest in the business which you can't understand. First find out how the company gets revenue and which measures will affect it in the future, and the main drivers which can impact.
Even if you had more data than required still you cannot predict the future with 100% accuracy.

5-Don't get easily distracted by the news

People often change their mind according to peers. If they hear that some stocks are growing rapidly, they tend to go for the stocks which are bought by too many peoples but they should focus on the stocks which they can understand completely.

6-Buying stock means buying the part of the company

Buying Stocks is equal to owning a stake in business so we have to take care of various things like prices, suppliers, competition etc. So a person should have some knowledge on how that business runs or gets their revenue, you should take care of main influencers which can affect the particular stocks.

7-Don't let the defeat tackle you easily

One most common thing among all the successful men in the world is that they have the desire to win, courage to face failures and tackle the problems with their best attitude.
The most difficult thing to do in this world is to defeat a person who is determined to win.

8-Don't go for single day trading

The dumbest thing you can do in investing is to day trading. Day trading involves too much attention and fluctuates to many times in a day and I don't think that's a good idea. Long-term investing is the best type of investing you can do.

If you follow these rules you will definitely reduce the risk of losing money but still, it is not sure that you will not loose at all because the motion of stocks can be judged by knowledge but its correct prediction is impossible.