alfhind

You have had plenty of responses dealing with the gambling aspect and luck so instead of covering those I will give you an example based on your fundamental approach. It comes with a warning because I don't use fundamentals myself. Nevertheless it is based on my understanding of how the market operates. If you study a companies results and they are good would you expect its share price to rise? Most beginner's would and that may actually happen, but it really depends on how the markets expectations have been met. So look also at how the companies share price has performed since its last set of results, in absolute terms and relative to the markets price movement over the same period. As you get used to doing that it will increase your skills and enable you to judge whether the actual results have met the expectations or not. It will then allow you to make investment decisions on a reasonable basis.