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15 Lakh Loss Due To Tip Providers


How many of us keep getting calls from advisory/tip service providers promising huge returns from the markets?

I fail to understand how they get our phone numbers? Have you noticed they do not know our names? They start with do you trade stock markets?

Anyway before I say anything you can see this email sent to me. This person is in deep debt. Lost 15 Lakhs in stock markets because he took tips from advisory companies.

His email:

Sir,
Due to heavy loss in the market due to wrong directions given by so many tips providers, I am not in a position to invest a huge amount right now. Currently my demat balance is only Rs.10,000. I have gone through your mails that the required amount to invest is Rs.75000/- or above. That is why I have not subscribed with you, because suppose after my subscription you would advise for hedge trade which is not possible for me as far as my investment is concerned. Any how I shall try to join with you very soon.
Siva.

After reading I asked him:
Due to tip providers how much you lost?

His reply:
More than RS.15 lakhs. Presently I am in deep debt position.

15 lakhs is not a matter of joke. Once you reach a certain level like 5 to 7 lakh loss you must stop immediately. Your hard earned money should not go down the drain just because someone you did not know called you and promised you huge returns without any proof whatsoever.

Moreover forget about 10% a day, even 10% a month is impossible to make month after month for continuously even 6 months.

The fact that no one in the world has ever done 10% a month continuously for even 6 months proves that 10% a month is not possible ever. Stock market is no 2-3 years old it’s more than 25 years yet no one has ever made. So if you are thinking you are the one who will make that 10% a month then you are the one who will enter the history books. If you think you can enter the history books then please keep try making 10% a month – a feat never being achieved for long by anyone.

Think about it – peaceful trading with 2-3% a month is good or never achievable 10% a month with lots of stress?

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DISCLAIMER: I am NOT an Investment Adviser (IA). I am an Authorized Person (AP) of a Stock Broker. In other words I am a sub-broker. I DO NOT give tips or advisory services by SMS, Email, or WhatsApp or any other forms of social media. I strictly adhere to laws of my country. I only offer education for free on finance, risk management & investments in stock markets through the articles in this website. You must consult an authorized Investment Adviser (IA) or do thorough research before investing in any stock or derivative using any strategy given in this website. I am not responsible for any investment decision you take after reading any article in this website. Click here to read the disclaimer in full.

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About the author: I started trading stock markets since 2007. However my first 3 years were losses. Then I dedicated almost 1 year on studying, researching, paper trading options and learned a lot in that time. Since 2011 I am trading Nifty options profitably. Call me if you need any help trading options on 9051143004.

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