It’s obvious to get fantasize when you see a profit Screen of a person who works in the financial market & daily earns, who knows, more than your monthly income. You might imagine that if he can do that then why not you. This influencer could be your friend, relative, broker, or any other person on the Business News Channels. So, you decided to be the next influencer like this one.
You asked
that person about his Secret of Making Money and that person will boast dozens
of world’s best tips and trick about the stock market, after listening to these simple
ideas you followed in his footsteps and enter the arena of the stock market. Now
you are ready for the launch.
You quickly
search a broker without any Research & Comparison. They explained their charges
for each type of trade. They knew that you are new to the market and most of the time a newbie prefers INTRADAY trading. They charged you 20 rupees flat for
each order except DELIVERY trade, not bad for a start, but cost you more after
10-15 trades for a day. (PROFIT – BROKERAGE or LOSS + BROKERAGE) do the math.
If you preferred
INTRADAY Trading & did the Research you might choose a broker who Charges
ZERO BROKERAGE for INTRADAY TRADE (F&O Included).
OR
If you preferred
DELIVERY Trading, you might choose a broker who Charges ZERO BROKERAGE for DELIVERY TRADE.
Now, I am going to tell you the world’s Proven & Best Tips and Tricks to Get Bankrupt as soon as possible.
Normally what people do to get bankrupt in Financial Market:
Ø
Blind Trust on Close ones:
They trust blindly their
Friend, a Relative and Their Broker, then trade according to their recommendation
without doing their own research.
Ø
Follows Business News Channels:
They trade in suggested
stocks and manage their trades as said by the so-called analysts & Keep
their Hope, Trust, and Expectation level High in them.
Ø Eager For TIPS & TRICKS (The
Shortcut Method):
They find shortcuts to
make quick money in the market. Search for someone who could give them some
magical TIPS & TRICKS which make them millionaire, overnight.
Ø Loan & Borrowing for Trading:
If somehow, they found a
tip (usually a bait) that make money for them in a short period, they start taking Loan Against
Shares or Borrow Money from their Friend and Relatives to make more money.
Ø Addiction to INTRADAY TRADING:
Many got addicted to intraday
trading. The main reason is the leverages that they can avail for INTRADAY
trade from their Broker. By depositing less money in the trading account, they can Buy
or Short Sell 5 times or even 10 times of their actual capital value.
Ø Lack of Knowledge, Patience or NO
IDEA About Trading Instrument:
These people don’t try to understand the Trading instruments.
Wherever they heard about making money they run towards it without understanding the nature of that segment they start trading blindly in that segment. F&O is a great example of it. People don’t understand that F&O is a Hedging Instrument. It designs to hedge the position against any uncertainty.
Ø No Money Management, No Exit Plan:
90% of people, who trade actively
in the stock market, don’t have this skill. Whether they are in Profit or in
loss, at present.
They don’t know when to
exit from trade because of no set target for that trade. They Don’t Calculate
their RISK TO REWARD ratio.
Don’t set their
benchmark for trading or investment.
Ø No Learning from Past Experience:
If somehow anyone
survived the fall after doing all these blunder mistakes. Some SUPERHUMAN
manage to stand up and they are ready to be Launch again. They don’t make notes of
their trades, so no documents available to remind them of past mistakes and learn
something from them.
So, without
the knowledge and understanding of the market, these are some tested TIPS to get
your account wiped out as soon as possible.
If you want
to get bankrupt, don’t bother yourself just follow the herd and you will be getting
there soon.
And if you don’t
want to, don’t panic for quick money, Learn and understand the Market Dynamics
with us, make notes of your trading and the decision-making for that trade.
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