9 QUESTIONS TO ASK AND THINGS TO CONSIDER BEFORE SELECTING YOUR ADVISOR
What risk-reward ratio will you give me?
Please give me 10 investors and traders awareness and educational articles prepared by you.
What is your educational qualification and experience in market of how many years?
Are you providing advice and recommend only to trade or investment also? (one must recommend and suggest about long term investment also)
Will you give me trading calls in segment which I tell you or will you tell me in which segments and sub segments to trade? (advisor must not let client to select their own segment and sub segment, because advisors must know better than clients who are seeking advice which segments and sub segments to trade and which not)
Are you giving free trial or not? (true advisor will not give free trial. Reason is simple. He must be already having enough paid customers and not have time to give free tips. Also such advisor believes ‘free things has no value and quality thing always has value and are costly. He will ask you ‘How can you take judgment of my service in 2 day of sample calls? This is unreasonable’.)
We have written about several traps, frauds and malpractices happening with investors and traders who seek advise on the internet. Please find all those ‘INVESTOR AWARENESS’ articles here. But the one malpractice happen to them that we are talking about today is indeed the ‘mother of all malpractices’. And that is ‘The Trap of Free Trials’. Yes, ‘Trials’ or ‘Sample Calls’.
Most of the (in fact all of them as we have not found any advisory company giving no trial service, however some individual analysts do-not give any free trial for promotion of their service) give trial or sample calls. they in fact put on their website prominently (to get your data) or their telecallers cold-call you and provide free trial. so, thus most stock advisory companies are providing/offers ‘trials’ or in other words entice the people to take free trial.
Now, most of you would say that what’s wrong with it? In fact, it is good for them they get to get a ‘sample’ trading advice about the research/trading calls/tips of the company and thus check them for accuracy, weather they are good or not. And you would also tell that we (MEGHA INVESTMENTS AND RESEARCH) should change policies of ‘No-Free-Trial’ advisory and start providing Trials like other advisory websites/companies.
But in next paragraphs, you will understand why we do not provide trials, and why ‘Trail is a Trap’ for any investor/trader searching for tips online/offline and why you should keep away/beware of it.
POINT 1: GENERATING MAXIMUM LEADS, MEANS MAIN OBJECTIVE IS MAXIMIZATION OF INCOME & IGNORING CUSTOMER SERVICE QUALITY & CUSTOMER RETENTION/RENEWAL RATIO.
Our CHALLENGE if you find even 1 advisory firm competing with us in below parameters of genuinity then you will get all our service lifetime free !
1. Old firm:
We are operating since last more than 8 years (in 2017). Most firms are very new. So they don’t have old and experienced analysts. How to verify this? You can go to our site and check on this link www.meghainvestments.blogspot.in you will find our updated research since 2008 when Google introduced their blogger service in India (We don’t know the launch year exactly, but the point is that it was new and nascent in India). So, experience is definitely a plus point. Besides if we are here for so many years then we definitely have more knowledge and experience and have given better service to our customers that is the reason we have been able to survive and thrive this long.
We were one of the 5 firms who started this whole business of advisory in our country- in Ahmedabad, Gujarat, and then it spread in whole India in last 8-9 years. All companies closed down who started with us, only we are surviving. Why? We explain it further here.
So, the point is we get the marks for OLD ESTABLISHMENT and STILL WORKING, SINCE 2008 title which is a one of a great comparison point with any other service provider when you are concerned about the type of quality of service you might get.
2. HOW WE STARTED/NOT FOR PROFIT OR BUSINESS:Also, our firm is not a private limited or limited co. so we are a basically a group of analysts who started this site and started putting their research ideas and articles and stock tips as part of their study while they were studying their post graduation in different fields. Then after due to market boom and request and demand of many, they started giving professional/paid advice service for very low amount. Then as the time went they started their broking and other business and as the customer increased to give better service, they also increased their charges. That is the reason our charges are one of the highest in industry. So, thus you now know that our firm is operated and owned by analysts themselves and not started by persons who wanted to earn money as an advisory business. Because then the ‘businessman’s sole motive will be to earn day to day or month to month income and he would do anything to achieve that, including indulging into malpractices. So, this also clears the point that our analysts do not change, so that is why our system of research also remains consistent and the benefit of maturity and experience is gained by customers who join year after another. Not like other companies where analysts change on almost monthly basis (that too newbies and inexperienced ones mostly- those passed out of college – they are really cheap and smart experienced analysts can’t be afforded by so-called telemarketing advisory companies – and the fact smart experienced analysts won’t go for job rather than do their independent business), and thus customers don’t get benefit of the experienced analysts. Thus we are not strictly for earning money and not work with sales target or fee collection target.
The importance of a personal style of trading in success in stock markets/Finding best interaction model between you and markets/Most important thing you’ll ever need to know to succeed in trading!
This is perhaps one of the top 3 most important aspects of trading and becoming consistently successful at it.
Here we are not talking about the different ‘methods’ of trading such as intraday, swing trading, and so on. I prefer to call them as ‘methods’. But yes, they too, do inculcate in the broad topic of ‘your style’ which we are going to discuss in this topic.
What is your style? What is your style of trading? Yes, Do you know your style of trading? If the answer is a definite ‘no’ or even a vague ‘no’ or ‘I don’t know’, then you need to very very seriously start contemplating on this subject if you want to ever succeed in trading.
One thing we all know and agree is that we all are different, we all look different and we all think different. Similarly, the stock (or any trading market for that matter like commodities, forex and so on) market also has a personality. A personality of many. Don’t get confused yet. The stock market is not a biological entity or any paranormal entity of ‘one’. The stock market is a consensus of numerous entities. It consists of millions of entities, so millions of personalities. The stock market is in constant motion because of the actions of these millions of entities. Actually we got a bit off the topic.
Understand this. The stock market is not a profession. Stock trading can be a profession. But it is unlike a dentist or a doctor where there is more or less standardization of processes. You want a dental implant or a root canal; same process will be used by a dentist whether in India or in Australia or almost anywhere in the world. While not all traders who earn earn by following similar processes. This is what I call personality or style. The dentist doesn’t have the luxury or liberty of ‘his style’ but the trader has not just ‘luxury ‘or ‘liberty’ but in fact ‘necessity’ regarding ‘his style’. He has to have a style of his own.