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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