How to be successful on stock market?

Yes ! sound interesting and reminding me of my early life, when I used to Google the same question always and tries to find out the biography of famous traders and their ways of trading, The way they make profits and any more similar questions were always revolving around my mind. Now, I would love to answer this question. Thanks to quora we can interact with the experts now a days even when we don’t know them personally. During my start as a trader it was really tough to find someone to ask about my queries and Google was the only option. To become a great stock trader, for a beginner it’s very important to learn the basic about stock market. It’s functioning and operations. Learn the theoretical part first understand about trading ways, face the challenges in early trading life, don’t risk much of your capital and try to learn in live market. Learn from your mistakes , change your strategies accordingly etc………………… Let me come to the discussion step by step. Learn about the Introduction part of Stock market like basics thing. Get answers for the Questions like : What is Stock market ? What is Equity ? What is Future & Options ? What is commodity trading ? What is the difference between trading and Investment ? Get answers for whatever terms and questions comes to your mind and read it thoroughly until and unless you are not able to answer these questions by your own. Learn about the ways of trading, forms of trading , Hedging, scalping , swing trading and the ways of executions of trades. Learn Fundamental and Technical Analysis by which a trader’s and investor's track their trades and make them profitable. Theoretical part is very important so don’t ignore it and just don’t try to learn the bookish theories only do trade with small quantity regularly and learn from the practical market too. Every day will be a new challenge and exciting day as a trader and you need a very good experience trading in a live market to be a successful trader. And yes the above mentioned step is just a start and still one need to go a very long long way to be a great stock trader. Let’s come to the next step. Every trader is different and unique in this world why because every single person in this world thinks differently so you must not try to follow the steps of the successful trader, you will have to make you own way. How ? Analyze your capital on which you can really take risk and you don’t need to answer anyone from that capital even if it becomes zero doing trading. You can work better when you will keep yourself out of the panic situation. (IMPORTANT) Observe you mindset and skills that how you reacts in live market when you have any open positions and in which kind of market you make better returns and trades, Observe it carefully it’s going to guide you the long way. Keep a trading journal and write down your daily activities and then recheck it later like what all mistakes you have made today and try not to repeat it again, Think yourself as a Robot which needs maintenance and updation timely, So you are a software and keep updating yourself with the knowledge and skills to be out of the box and unique. ( TAKE IT VERY SERIOUSLY ) Now one the most important part of this life as a trader. Discipline : Be in discipline always and trade only as per your risk appetite, never do revenge trading, Accept losses gracefully it’s a part of business. Avoid over trading and improve your skills regularly to be out of the crowd. Take it as a business and never try to gamble on your money. Be in discipline Be consistent and believe me you are on a right track to be a great trader. All the best read less