|
|
| Discuss Why trading tips does not work at the General Trading & Investing Chat within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, We have many trading tips coming from brokers, medias, books, forums etc. But it ... |
|
|||||||
| Notices |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
5th June 2008, 05:57 PM
|
|||
|
|||
Why trading tips does not work
Hi,
We have many trading tips coming from brokers, medias, books, forums etc. But it never seems to work most of the time. We can discuss the reason why the trading tips does not work in this thread. These reasons can help the members to rethink if they need to take a trading tip or not. Hope everyone contributes. --knag 
|
|
#2
5th June 2008, 05:59 PM
|
|||
|
|||
Re: Why trading tips does not work
My first reason is:
By the time you decide to take a tip you receive a number of other tips from many other sources. Due to human mentality you try to judge the correct one and most of the time end up in taking the wrong tip and meanwhile the first one would have worked. --knag
|
|
#3
5th June 2008, 06:00 PM
|
|||
|
|||
Re: Why trading tips does not work
Media I have no idea but m Most (sub)brokers which give you tip are more or less skilled to level what most members are. The best of the lot we do not have access to them.
|
|
#4
5th June 2008, 06:02 PM
|
|||
|
|||
Re: Why trading tips does not work
Media in the sense TV channels and their websites and trade monthlys etc.
Stoplosses are really saving the tip giver rather than the trader. The tip giver can escape either ways. If the target is reached he says tip worked. If stop loss hit. He says stop loss hit. In either ways he is safe.
|
|
#5
5th June 2008, 09:16 PM
|
|||
|
|||
|
Re: Why trading tips does not work
What is the basis of the assumption that tips should work ?
If tips from magazines were to work in the long term, why does the magazine make money publishing magazines ? Wouldn't they make more money trading on their own tips ? The tips system is a pyramid. Tips flow from the top to bottom, and money flows from the bottom to the top. Quote:
|
|
#6
5th June 2008, 09:34 PM
|
|||
|
|||
|
Re: Why trading tips does not work
Interesting Thread. In my view, the tips does not work because of the emotional and pschological factors that affects the trader. Risk management, money management and emotional control are not mentioned by the person who is giving the tip. If trader is booking profit early (because market might snatch it from him) and letting the losses run (becuase some expert gave the tip hence it can't be worng) then certianly he/she is doing exactly opposite of what has been the basic rule of Trading - "Let profit run and cut losses quickly".
If trader is not taking responsibility of his/her action, then it is difficult to succeed in long run. Happy Trading.
|
|
#7
5th June 2008, 09:57 PM
|
|||
|
|||
|
Re: Why trading tips does not work
In my view it is because:
1. Traders have to give tips daily (particularly in paid services) even if though no worthwhile trades are there. 2. They have to mention with the tip that they do not have any position in the scrip. With regards, Citrus
|
|
#8
6th June 2008, 06:04 AM
|
|||
|
|||
|
Re: Why trading tips does not work
Quote:
Nice one, why should they work in first place? Their are meant for front running... Regards Sanjay
|
|
#9
6th June 2008, 08:23 AM
|
|||
|
|||
|
Re: Why trading tips does not work
Agreed with Adheer, by the time a tip goes "public", it is safe to assume that the stock has topped out. Maybe one should fade these too !
ss 
|
|
#10
6th June 2008, 08:18 PM
|
|||
|
|||
|
Re: Why trading tips does not work
Quote:
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
