iCharts Discussions

[amitkbaid1008]

Here is a good example i found on blog of how so called hot tips providing websites works just simple very very simple

Send out 10,000 mailings – 5000 say buy stock X and 5000 say sell stock X. Let’s say X goes up.

Now take the list of 5000 mailings that said to buy and send 2500 with a buy on stock Y and 2500 with a sell on stock Y. Let’s say stock Y goes up, too.

Now take the 2500 winner names and send 1250 buys on stock Z and 1250 sells on stock Z. Let’s say Z goes down.

You now have a list of 1250 people who think you are a genius with 3 picks in a row. Rake in the subscription money and let reality begin. Who cares? You just sold 1250 subscriptions to people who won’t renew. Say Rs. 10000 for an annual subscription times 1250 people and you made Rs. 1.25 Crores. What if you started with a list of 100,000 names. Now you are making some serious coin. Even if you start with just 1000 mails and able to grab some 100 annual subscription you can make Rs. 12.50 Lakh

I think so many tip providing websites are running on this funda.

This is the land of crushed hope and dreams that Dalal Street has become. Honest purveyors of financial advice are swamped by the crooks. A good bear market thrashing is necessary to “drain the swamp”

[pradeepgolfer]

people should know hot tips or things burn

[skd]

Exactly right...it seems that is what I'm experiencing right now.


A tips providing company who claims to be an ISO 9001 CERTIFIED COMPANY based in Mumbai is of above type. Thank god I stopped trading after it's 2/3 tips failed and sensed emptiness in its tips. Out of about 15 tips so far almost 13 tips never hit the target but the stoploss. It never sends message when it's stoploss hit but after so many failed tips one of it's tips hit the target. It immediately sent a message saying "look as we said eirlier our target hit now".

I must say this is not they are what they are claiming in their website.And I want to tell you to keep distance from them.

skd.

[JAMDAGNI7557]

hey we are using technicals, which is above all tips. forget the word tips & stop following others.

be confident on your studies!!!!

[nareshusv]

you are right boss, they are real cheaters.
one company says you can make 300% in a month by trading there option pack and they say that one can make 270000 by investing 10000 in 3 months.belive me in first month itself you blow your account to zero if you follow them.
regards

[amitkbaid1008]

What I want to convey here:

Don't run for any hot tips.

I truly believe that the best strategy/tip/investment is in yourself - education, your own business/strategy/methods, etc..

Improving ourselves through education, our business through investment in time, energy, money is probably a better idea than the next hot tip in shares.

By business here I mean trading/investment etc..

[rocketnifty]

I am not averse to any hot tips or reccomendations since I use technicals to justify my dealing in them or not. One suggestion I can give to all using tips is that check the volume, if the volume has has an upsurge to the turn of over 2-3 times, then the chances are the counter is operator driven.... No technical analysis will run on it.

[amitkbaid1008]

You are right rocket. No technical setup/indicator will give you such calls. But you should be quick to enter and exit. I find that's too risky to put your money at operator's mercy

[jitesh7]

There is a company called [CONTENT REMOVED BY ADMIN]. Does any body know about that. That company claims 100% accuracy on NF trades on interaday for the system he is teaching.

[t.chatterjee]

[amitsaraf01]

there would always be people in the world, who would provide you easy solution..............making money is one challenge and there are people who want solution to this challenge. Now there are people around to give you easy solution..........

This easy solution can be from

CNBC TV
CNBC Awaaz stock 20:20
Astrologer
Lal Kitaab Amrit
Nirmal Baba
Tipseller
hero worship on TV
hero worship on SB
hero worship on other forums

The question that you need to ask yourself is...........are you looking for easy solutions to your challenges?

[hasten]

[ajayhkaul]

I have only one rule for this :

Tips are for waiters !

[sonila]

ajay,
well said.....v.good sense of humor

[ktpillai]

Well said.I often wonder who conferred them the title MARKET GURUS