My mistakes with the stock market

I am now 33 years age and my passion about investment started when I was in teenage and my father alloyed with some shares of Andhrabank at face value given by Andhra bank as we are bank customers then. It was sold at more than 10X after period of 10 years. I know that we can compound good amount of money in market, but don’t know how. I was keenly watching the markets from 2008
whenever I gets time but the biggest mistake I done is not investing in it because of two reasons 1) Don’t have good money 2) Don’t know the depth of the market that it creates lot of money compounding.
I seen market falling during COVID-19 but again I was waiting for absolute bottom with out doing sip during the crisis time.
I am now so proud because at least I understand my psychological behaviour and market behaviour. Time in market is important than timing the market.
My aim from now:

1. Focus on money compounding for long term
2. Be in the market until my body and mind can support and pass on that wealth to my children
3. Don’t speculate in markets, always maintain hedge positions to derisk my portfolio which is in long. Don’t go beyond 5% in any stock in your portfolio.
4. Allocate some portfolio to foreign markets as well to take advantage of investing when steep falls in those markets.

Would like to encourage me with your suggestions and also any more insights on point 4.
Thank you