Tips from Deepak for Trading in Indian Stockmarket

pls note : these tips are orignaly my ideas and i take full responsibility for them not working, if ever they dont, but, for my friends and people i know -  better use these than go in blindly. 

1. A Trader observes the current change in market and decides while a experienced trader predicts the market reaction and makes a decision.  A succesful buisnessman, the one you should try to be, would predict the reaction of common ppl  to the change in market and thereby make his decision.
2. Remember you are not the only clever person trading. i.e. any new idea which you come across might have striked some other person(s) who have been there in this market world for a longer time and have a bit more stability in making decision and they may have seen a flaw in the idea which you managed to overlook. So, try to look over the obvious details.
3. Nothing in life is Absolutely Free. people who try to get something for nothing mostly endup getting nothing for something. Everything comes with a price, its just you who decide if the price paid is worth the returns. eg: Investing 90 lakh rupees today and getting 91 Lakh rupees after a year. Sounds like a fair benefitial deal but what we miss out is that the value of 90 lakh after a year is more than 91 lakhs..
4. Gambling, a very common word used for trading, is completly different. A person can gamble blindly in shares, hope good luck to him, but you should not. No matter how lucky you feel dont ever gamble away your money blindly.
5. "Okay now, I am done." You should know when and where to draw the line. A true winner is the one who quits when he is at the top of his game, no offence intended eg.. saurav ganguly should have quit when he was treated as a champion and not have waited till he was kicked out, Greed is the cause why people loose so much, when someone sees profit. so dont try to get it all.
6. Remeber your basic morals, like a bird in hand is worth two in a bush. i know it sounds dumb but trust me these small things are what people end up forgetting causing them to loose big time.
7. Always listen to the tips from everyone. Hey, am asking you to listen to them from one year and leave it out the other, ofcourse you have exceptions of those tips which do help a lot. Be really selective.

Enough of faltu talk - some proper starter tips .. 

1. Always trust the Big Shots over Small companies, when you have no idea about either one. Reason being that the big shots have  a lower probability to  poof disappear of the trading charts and they generally end up bouncing back.
2. Contradicting the first point, Big shots are not always the best choice if  you know  about a smaller company and know how its doing in the real world, its better to differ from the crowd then and only then.
3. dont PANIC!!!!!!If you see market rising steadily or droping really fast. Stay xtra calm.
4. Try to invest/ buy when the share price go low compared to the prev week's/month's average and then set a target price at which you want to sell it. Do sell the share at your target price even if the market is  rising rapidly.
5. Dont invest more than required. specially not to overcome or average  a loss.
6. Avoid intraday trading even if it costs less brokrage charge and gives faster returns, the risk is higher. Prefer intraday trading only when you know trading in detail.
7. Always have a friend, who dose not agree with you on almost anything, to consult. That way you will be able to see both sides. This is very important as a lot of times people easly fall for attractive offers.. most of you dont have to worry about that cause am there, but a few of you who end up not arguing with me pls search for some one you do argue with.
8. Dont need to be a news freak, but do follow it up as often as possible.

pls  comment your views ... as this is still to be fully updated.