The Secret?

There is no secret in trading.

A professional trader is who know how to manage risk. That's it.

A business man could be the tycoon in his field, but when comes to investing in stock market. Different outcomes might occur. When he is in his field he would look at every aspect of the investment in and out. but when its comes to sock investment. He might just pick it from news or rumors and result are usually disappointing.

WHY?

It is easy. If this tycoon could have really examine the underlying company as the same manner he would buy it for his business. He might as well benefited from his practice. But it is always easier said than done. People tend to go off when comes to investing in stock market.
They listen at news, tips, rumors... but do not do any research.

What kind of research you need to do?
Fundamental analysis- tell you why this stock acts the way it is now. (why?)
Technical analysis- help you to decide enter and exit point. (when? timing)

If you can tell why you invest in a particular stock and show a plan to enter and exit the market.
You are better off than just listen at tips.

-Treat investment(trading) as a business-