Can I still make money

There is never a good time to enter the market. Neither is there a bad time. One just has to be consistent and disciplined.
It is the discipline that pays off in the long run, not timing. ‘Buy low, sell high’ sounds great on paper but is rarely successful in reality because investors want to ‘buy lowest and sell highest’. And that is virtually impossible. Do not invest in stocks, sectors and funds you do not understand. And if you do not have the time or inclination to get educated on your investments, stick to handful of equity diversified or balanced funds.
Invest regularly via systematic investment plan (SIP) of a mutual fund. An SIP is best for a period of at least 3 years and not just one year, as most investors tend to opt for. The longer the time frame over which you distribute your investment, the better it is for you. During this time ignore all the ups and downs and corrections and invest consistently. Equity was, is and always will be long-term game. One needs to stay put and ride the ups and downs of the market. Don’t let the market frenzy lure you in to irrational decisions. When the frenzy dies down, you will be much better off by having kept your cool and sticking with your investments.
My advice: Be an India bull.
Now I would like to share with you my real experience on the ‘irrational behavior’.
In the month of December 2004, I invested in UTI infrastructure fund dividend payout (it was known then as basic industries fund) after analyzing the infrastructure boom that was likely to happen in India. The fund corpus at that time was somewhere around 60 crores and NAV 13 or there about. As the time went by, the fund was doing quite well and had given me dividend too. Then one day I read an article about thematic funds and whether one should invest in such schemes or not. This created a doubt in my mind (My analysis of Infrastructure boom in India went out of the window) whether I had taken a correct decision or not? The doubt started growing in my mind as I read more of such stories. Then came the crash of May 2006 and just before that I redeemed the whole holding of this fund. I still do not know for sure why I did that and the rest is history. If I had stayed invested in this fund, today I would have reaped rich dividends by sticking with my convictions.Moral of the story: Be long term greedy and go with your convictions