Page 38 - Banking Finance October 2022

ARTICLE

Everyone has a tip of making money Sometimes this randomness that can create profits for
unskilled and new traders which they tend to think is because
Every second person is having a stock tip to create wealth.
of their ability and market sense. This gives the positive bias
Now a days there are countless people claiming themselves
and leads to substantial loss. The only way to do this
as Stock market experts. These kind of stock tips rarely work.
background research with good trading plan and a small
What makes it worse that even if there is a good advice,
percentage of capital on each trade. Most successful traders
people are terrible at following it. Greed plays a big role
with longevity discover a style that consistently works for
here also. The biggest risk is that most of the tips on social
them. The reality of stock market is that we only hear
media and other groups is pump and dump scams. One
success stories but there are exponentially more people that
should not blindly follow the trading tips and rumours
lose money trying to catch lightning in a bottle.
without their own analysis. The best way to trade is to
gradually master how to read charts and how to interpret
References:
news flows and trade on your own. It is a slow process but
www.investopedia.com
there is really no alternative to learning trading process
methodically. www.tradebrains.in
www.theladders.com
The bottom Line Newspaper- The E.T dated 03/1/2022, Article written
by Nitin Kamath
The Markets are extremely dynamic and constant flux.

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38 | 2022 | OCTOBER | BANKING FINANCE