trading based only on broker recommendations

jxcess

Active Member
#1
I know many of you go through the pains of reading charts and carrying out various other technical analysis but how many of you rely only on your broker? For example almost all brokers like sharekhan, zerodha, indiabulls, etc do give stock tips which are made by experts and who have much better knowledge and resources at their disposal. So isn't better to rely on them rather than do all the analysis ourselves?
 

SexyTrader

Well-Known Member
#2
I know many of you go through the pains of reading charts and carrying out various other technical analysis but how many of you rely only on your broker? For example almost all brokers like sharekhan, zerodha, indiabulls, etc do give stock tips which are made by experts and who have much better knowledge and resources at their disposal. So isn't better to rely on them rather than do all the analysis ourselves?
Not all those "tips" are reliable ! Coz most brokerage houses have their own benefit linked to those "tips"

How do you know if that particular brokerage house "tip" is going to make money for you or not ? :p
 

jxcess

Active Member
#3
Not all those "tips" are reliable ! Coz most brokerage houses have their own benefit linked to those "tips"

How do you know if that particular brokerage house "tip" is going to make money for you or not ? :p
Why won't those tips be reliable? I don't think brokerage houses would fleece their customers as that would lead them to lose their credibility and ultimately lead to losing their brokerage. I trade with geojit and most of the tips they give are reliable though some of them do end up making losses but frankly there is nobody in this world who can make accurate predictions of the stock market. I feel going through all this technical analysis is a waste when there is somebody already working on it. It's just my opinion but I am open to discussion. I was just curious to know why people don't listen to their brokers unless they are really bad.
 

SexyTrader

Well-Known Member
#4
Why won't those tips be reliable? I don't think brokerage houses would fleece their customers as that would lead them to lose their credibility and ultimately lead to losing their brokerage. I trade with geojit and most of the tips they give are reliable though some of them do end up making losses but frankly there is nobody in this world who can make accurate predictions of the stock market. I feel going through all this technical analysis is a waste when there is somebody already working on it. It's just my opinion but I am open to discussion. I was just curious to know why people don't listen to their brokers unless they are really bad.
You can try it and see :p No need for any discussion....catch any of these brokers and follow all their calls consistently for a month and you will have your answer :D Simple!