Folks,
There is a paid subscription for getting live calls for intraday trading by a firm which charges Rs. 25k per month subscription and gives out only one call per day (they give both entry and exit points). I guess there are many such firms.
But this entity claims to have a success rate of 95% and higher.
I asked them the same question which veterans here have pointed out: If you are so successful why aren't you making money just for yourself and why do you need to reveal your calls to public even if you are charging for it.
This firm claims to have 1000 subscribers all over India. My question is does this kind of paid service really work for a trader ? But lets say it does not work. Then no trader is going to continue with it for more than a month.
I am confused...Any advice ?
Thanks
I am not absolutely averse to paid tips provider
But certainly I dont have faith in independent tips provider
for example intraday tips of ICICI works pretty well, far better than many (btw i never opened account with them)
Even the delivery call of india info line is quite good (i had once opened an account with them, they sill send email about their delivery pick, and in delivery one can't manipulate performance sheet)
I have similar experience in commodity too.
For the record, most of the big-brokerage houses show their performance report sheet positive, but i personally feel traders are of judgemental nature, they choose some call to trade and on some calls not to trade, and moreover in the profitable calls they are in very hurry to exit the trade and in loss making calls either they wait till stoploss hit or even worse, sometime they even let trade run in deeper losses.
In my personal opinion if one choose to trade on all calls of a reputed brokerage house (mind you i never say independent tips provider), with equal capital and wait for target or sl till to hit, he could be in a better condition than suffering perpetual losses.
And contrary to it big brokerage houses are worst choice for trading purpose owing to their blood sucking brokerages!