Important things to keep in mind before investing in any stock

Today, I want to share some key aspects which you should take care while investing. First of all, let me tell you doing investment is not a child's play, nor as hard as climbing a Mt Everest. Yet, it is the best asset class to build wealth for long-term.
Below I will be giving you some key pieces of advice which I have learned the hard way i.e. by committing mistakes.

1. Do not invest of some random person advice. I see that a lot of people invest based on investment ideas given by financial analyst who keeps on shouting on TV. If you are following some person's advice for investment ideas, then you should also have your own discretion regarding your investment in that company.
2. Do not average out or buy more shares just because the price of a particular share has been decreased than your purchase price. But if the stock is available at the discounted level then you should definitely buy. 
3. Avoid selling and buying stocks frequently. Remember wealth is never been created by buying and selling the same stock again and again. Wealth is created by buying a stock at a discounted price and then sitting tight till the market has realized the value of the stock.
4. If you are a trader or still like to trade, please do not trade with 100% of capital. You should calculate the underlying risk in the trade and then use particular amount in each trade. Most of the brokers allow leverage up to 10X. which means using 10k of money I can buy shares worth 1lacks. This increases the chances to earn more but at the same time, it also increases chances to loose faster.
5. Avoid hearing too much news about the companies in which you have invested. But the timely based news is necessary as you should be aware any big changes in management or underlying business. 
6. Try not to invest your entire capital at once. You should do investment in chunks as who know about the company in which you have invested could be available at a more discounted price in future.

Investment requires a discipline. If you have one then certainly you will eat its fruits.