I am a student with some extra money lying around, should I put some in the market?

I am a student with some extra money lying around, should I put some in the market? Hello, So I am an engineering student and I have some extra money in my bank account from the scholarship (approximately my monthly expenditure's 8x). I have some basic knowledge about how market works and I have done some synthetic trading projects using the already available technical indicators and reinforcement learning based methods. I know some guys in my college who do trade and I was thinking of the same but I am kinda afraid that I might lose the money. I don't really follow business news and if I do invest/trade, that would be solely based on statistical models or technical indicator stuff. I wanted some advice from the experienced people here.