Be decisive, flexible, and patient Ignore gut instincts and feelings of panic Learn to admit when you are wrong Don't invest cash, you will need in future Do a thorough research as you would for anything that you intent to own for long run (like a house) Diversify, - invest 30-40% in fast growers - invest 10-20% in stalwarts and cyclicals - invest remaining in turnarounds Buy stocks at bargain prices during - october and december, aka, when companies sell stocks to get rid of stocks not performing well - market crashes