To be very blunt, a beginner shall not look for profit and should always aim for wealth creation to have a good profit in Stock Market. The difference is:
- Profit is the goal of a trader who aims to benefit from changes in price for a short term.
- Wealth creation is the goal of a investor who aims to benefit from drastic change in prices in the long term.
For wealth creation, you need to have lot of patience & invest in companies and sectors which are going to perform well in the coming years. Moreover, always diversify your risk and invest in multiple industries and multiple companies in a single industry.
Apart, you might also want to look for some other aspects too which all would eventually lead you to some good profit in stock market.
- Right knowledge
- Right discipline
- Right time to enter/exit
- Right mental balance
- Right observation
All of these things come from learnings which you can not escape. If you trade without learning and understanding, be ready to burn your money. Hands on experience will help you a lot!