To all senior and serious memebers - Please help me about online stock consultant

Northie · #1 10th May 2008, 10:17 AM

Dear all traderji senior, experienced and serious members,

Can you please tell me that how much good it is to choose an online stock consultant for short tradings and F&O calls. As I am doing full time job so it is not possible for me to learn TA and FA concept. Although analysis is interesting and I will learn about it on this forum. But I will not be able to devote much time for it. Mine is a very tight schedule (I am also doing part time course with my job).

I just want to invest some money to earn some bucks at the end of month. I am interested in intraday/short term (1 to 4 days) and in F&O. I have come across 2 online consultants on the internet and they are claiming very good track record (they have posted it on their website). Should I give them Equity and F&O calls subscription fees.

They are charging about 3000/- p.m. for equity calls and 7000/- for F&O calls and claiming a success rate of 90%. As I have no time for TA/FA so I just want an online consultant service who can send me calls through SMS. I think you now know what I mean to say.

Should I go for it or not.

Experienced members, please do help me with your kind advice. Thanks in advance.

Northie · #2 11th May 2008, 12:22 PM

39 views and no reply, why?

AW10 · #3 11th May 2008, 05:04 PM

Hi Northie,
If you are serious about being in the market then I won't suggests to depend on some expert. From my experience, entry calls are only 20% of trading. A lot more comes from money management and risk management. Nobody else will be able to give you tip on this.
My suggestion will be to -
1) learn the basics
2) Learn the risk management as you are planning to play in F&O ( it just needs one wrong trade to wipe out your account)
3) decide on one simple strategy to implement (for example - buy call options / bull call spreads / covered call etc)
4) to start with just look at bullish strategy.. we are tuned to think in this way and these strategy comes pretty natural to most of us. Move to short sell / bearish strategies later.
5) to keep it simple, you can any NIFTY / SENSEX stock which is in bullish mode (you don't have to pay someone few thousand rs to tell u that).

Better will be to invest this money in some good training and take charge of your money. You are the only one who wants this to grow and nobody in the world cares whether it goes up and down. Infact, there are many hungry people waiting to grab a pie of this (like broker, the market, info providers, govt, bank, info providers etc).

I am sorry, if my answer is not what u have been looking for. But remember, Trading is not easy business. You can do it if you DECIDE to do it and COMMITTED to it.
Don't be in hurry, market is full of opportunities and you won't miss by entering few days later.

Happy Trading.

Northie · #4 11th May 2008, 09:05 PM

no sir, I don't think that your answer is not satisfactory. You have done a great job to solve my problem to some extent. But your statement "you can any NIFTY / SENSEX stock which is in bullish mode". I disagree with it. Please don't mind. It's not easy atleast for me without knowing and implementing TA/FA to tell whether a stock is in bullish mode. Hence I was seeking some good online consultant to tell me that stock. Obviously, if that consultant will do TA/FA for me to tell that bullish stock then he/she will take cost of the service. Don't you think so?

More help appreciated and most welcome. thanks members.

deb99891 · #5 11th May 2008, 09:18 PM

Quote:

Originally Posted by Northie

no sir, I don't think that your answer is not satisfactory. You have done a great job to solve my problem to some extent. But your statement "you can any NIFTY / SENSEX stock which is in bullish mode". I disagree with it. Please don't mind. It's not easy atleast for me without knowing and implementing TA/FA to tell whether a stock is in bullish mode. Hence I was seeking some good online consultant to tell me that stock. Obviously, if that consultant will do TA/FA for me to tell that bullish stock then he/she will take cost of the service. Don't you think so?

More help appreciated and most welcome. thanks members.

most online brokers have now a days this kind of service for their clients.
else you can watch cnbc some time to get them.
then you can select any of them.
after using the fellow's service you can say weather he is good or bad.
(i can tell u that my experience was very bad with some of very well reputed analysts

.......though an old story........ may be things have changed now a days

sd_singal · #6 11th May 2008, 10:37 PM

As you cant monitor market actions live, I think it will be better to authorise some reliable and professional traders or agencies to handle your trading account. They will trade onbehalf of you. Naturally they will take a certain part of your profit. Many brokers offers PMS service.

deb99891 · #7 11th May 2008, 10:48 PM

Quote:

Originally Posted by sd_singal

As you cant monitor market actions live, I think it will be better to authorise some reliable and professional traders or agencies to handle your trading account. They will trade onbehalf of you. Naturally they will take a certain part of your profit. Many brokers offers PMS service.

even with a starting amount of rs 5 lacs one can go for reliance pms