Buy a business, don't rent stocks.
- Warren Buffett
Purchase decision of stock should not be taken as a casual decision with the intention to unload it when it reaches certain targets using the concept of "profit booking". Any stock should be purchased as business ownership in which you take part ownership of the business. The number of zeros in the percentage of your ownership in the company doesn't matter here. This way you can eliminate the tendency to buy any stock just because it is the fad of the season. For any stock you want to invest, spend some considerable effort to understand the positives and negatives of it. Finally value the stock to arrive at a reasonable purchase price. Once you are done with that, you start the python game until you catch the prey at the appropriate moment.
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