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First of all, success in the market is not a matter of luck, although certain random factors do occur.

Success in the market depends on finding a discipline which will make you successful, and which you are able to follow. When people fail in the market it is because they have the wrong discipline or because they fail to follow it.

I suggest looking at CANSLIM or other methods. Read O'Neil's book on CANSLIM and a few others like Achelis book on Technical Analysis.

There is also Mandelbrot's book, "The Misbehavior of the Markets", which debunks the efficient market theory and random walk nonsense rather well. It will not help you to trade, but it will help you to understand what is going on.

When you have a successful discipline, then you will have no trouble making the decision on what to do with the money.
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