Here the promoters of IB who are claiming having the degree of IIT,from the begining were in controversy and stared cheating and looting innocent clients in the name of margin money through their subsediary IBFinancial Services and couldnot hesitate to put fake,fraud and duplicate signature on agreement and without supplying papers transferred shares worth of lacs from the DP ac of clients against false loss bill and margin trading and the best policy they adopted never reply to the query of clients.
Coming to RM,one of their RM TRILOCHAN SAHOO, who was not having any thing during 2005 merely a bicycle,today his assets are more than crores.
Who do you think are innocent clients ? Every trader knows the risk of margin trading ,risks involved in deriavtive segment .If they do not know the risk , atleast they should know after 1 or 2 losses . Even after the losses they go for margin funding , thats their greed to make fast money and as you know Greed is your biggest enemy (not only in stock market ).
And RM cheating clients , I do not agree with this statement . They merely give tips for intra day where risk is high . But did they forced you to buy/sell depends on their advice ? NO. I am a client of indiabulls from 3 years .Rm used to give tips earlier .I never said him to stop giving tips .I used to see their performance but buy only if i am convinced .I used to ask him whats the short term target ,when ever he gives a tip .He realized that i am not going to trade exhaustively in intra and he stopped giving me tips . RMs give number of tips a day ,but we are not able to do all calls .we might ended up trading in loosing counters and then blame RM .
Thats our duty to study the market or atleast the scrip we are buying/selling . Comparing to harshad mehta or ketan parekh' time , Now we have a very vast means of communication .we have a Number of forums ,groups where people are exchanging their views on stocks ,their future etc .Study them and plan accordingly . After all we are not(at least i am not ) so big to hold 50-100 scrips . So why dont we study the scrips we are holding /buying/selling ?
The people who run for quick money , loose quickly . Thats not a theory ..Thats experience
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Finally , If some RM who is used to roam on a bicycle now have crores of rupees ,Do you really think he get that much money on commissions ? He might traded with the tips of Indiabulls and made money ?
To conclude ,I do not want to read any more posts saying RM cheated me ,they gave false tips etc atleast on a good forum like Traderji.
Treat Traderji as your RM .post your queries ( not for intraday please) and there are many wise guys here to advice . Login to forum study all posts and after 1 year post your experience .
Naresh