@Simply Vicky What you are saying would be true if someone entered those stocks months or years ago. The way even the 'good' stocks are falling this month can make any portfolio Red if most of it was accumulated within last two-three months.
Besides, even 'good' stocks sometimes nosedive and remain grounded for a long time. For example, it took LIC more than a year to bounce back to its IPO price. HCL, Tata Steel remained RED for two full years for those who entered them in 2021-22. And let's not forget new ones like Ideaforge, IKIO, DCX and many more like these - all these were considered (somewhat still considered) 'very good' at the time of their opening. But anyone who entered them at a 'wrong' point is still waiting for them to turn green.
Yes, DCX did recover a few months ago and gave very handsome returns to those who might have exited at its peak. But now it's back in trenches, and based on its December 2023 results, it may remain there for no less than two quarters or more.
So, in my very limited and unprofessional experience, I have come to conclusion that what matters the most is awareness about market conditions + timing. No stock is good unless conditions around it are good. Once good 'Wipro' now feels like burden. Also, no amount of research and awareness can guaranty profitability all the time. So while qualities like intelligence and awareness essential, patience is probably needed the most to stay in the game.