Lessons I learnt.

Right. These are the "Lessons I have learnt in the STOCK MARKET".

1. Patience. If you find yourself hasty in making a decision, it's almost always a bad decision.
   
   
2. It's not the end of the world. Sometimes a stock looks like its running away from you and the only way to catch it is by quoting an exorbitant price. If its out of your hands, leave it. There are plenty of opportunities that are going to come by.
   
   
3. Every stock has its ideal price. Jesus Christ, if only I realized this before! If you select stocks and their Buy Price by this dictum you can't go wrong. I'm not telling you to time the market.
   Eg. : There was a crash recently on the P-notes fiasco. Everybody expected a correction, God knows I wanted it. Once it did happen, I guess most people were wondering whether to buy, or to wait.
   I feel what one should do is look at your stock and does it fall into your ideal price. Chances are that during a bull run stocks are already overvalued, some to ridiculous levels.. and a crash like this only brings stocks to their "real" price.. i.e. the price they deserve to be at.
   
   
4. Do not put too much money in penny stocks. Even if you really feel you have to, buy in dips (obviously) but also buy in disciplined phases. Do not go with all or half the money you intend to put in it at one go. Penny stocks go up very fast, and naturally they crash down much, much faster.
   
   
5. Past is past. Yeah everybody looks back and wonders.. "Oh, I wish I had gone for IFCI when it was at Rs.10, in the case I would have been a crorepati.." Yeah. Only problem dude, you wouldn't have dreamt of touching a debt-ridden bank at Rs. 10 or less which has been giving negative returns for the past 5 years. Work hard at picking value in the future
   
   
6. Tips. Always, always take it with a pinch of salt. And last but not the least..
   
   
7. Never trust analysts.
   

Sayonara folks.. Happy trading!!