Do Not Follow Social Media Like YouTube Facebook Twitter Instagram Telegram WhatsApp For Share Trading Tips or Advisory Services

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Today I received a testimonial by email which I want to share and also my reply.

My reply is important. I hope it will help you too.

This is the testimonial email.

Here is the text of the email – grammar mistakes have been corrected:
Sir, 

And this is my reply.

Here is the text of the email I replied:

Thanks, VijayKumar.

No, I am not a master but my logic is clear.
I just ignore the noise that most newcomers, even seasoned investors and traders believe.

Social media is a hell to seek knowledge in stock trading.
Unfortunately, while I am writing this email to you millions will be reading some tips on social media and following.

Regards,
Dilip

If you are one of those who believe making 2 lakh a day trading options/futures/equities is possible, then please do not follow the trash in social media.

In plain and simple language – making 2 lakh a day trading stocks, equities, options, futures, currencies, forex, cryptocurrency, commodities and/or whatever is available for trading today or will be available tomorrow is SIMPLY NOT POSSIBLE. Anything like this you see on social media is plain FAKE. STAY AWAY from them.

I know one Twitter handle that shows more than 2 lakh profits a day. I followed the handle to find out the truth. Then I found out that they are marketing 3000 software. They claim that they are making this much money because they trade with the help of signals given by this software.

And this handle is a lady. No, I am not making fun of ladies but – it looks like a fake lady pic taken from the Internet and used by this scammer.

The question is simple – if this guy/girl is making 2 lakhs a day what he/she will get by:

1. Showing this much profit on Twitter? This is a security issue as well. Will you post your salary slip on Twitter? It’s the same thing. Now even ED is finding out about these people and sending them Income Tax notices based on the profits shown on social media. Lol.

https://www.livemint.com/money/personal-finance/income-tax-department-cracks-down-on-tax-evading-social-media-influencers-details-here-11688018559860.html

2. Selling 3000 software. She/he is already making 2 lakh a day – this is 200000 / 3000 = 66 times the cost of the software every day. What will make a difference to her/his life by making another 3k a day assuming she/he can sell/get one software client a day?

Please be aware of such share trading scams on social media, especially on YouTube, FaceBook, Twitter, Instagram, Telegram & WhatsApp. Do research yourself, read good trading books or do a genuine course to enhance your trading knowledge. Stay away from tips/advisory services.

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INCOME DISCLAIMER: Any references in this site of income made by the traders are given to me by them either through Email or WhatsApp as a Thank You message. However, every trade depends on the trader and his level of risk-taking capability, knowledge and experience. Moreover, stock market investments and trading are subject to market risks. Therefore there is no guarantee that everyone will achieve the same or similar results. My aim is to make you a better & disciplined trader with the stock trading and investing education and strategies you get from this website.

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

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