Dont listen to TV experts

Why do I say this? Markets “Calls” are least important things in Stock markets (i believe) , and you only get that least important information from TV experts . What you don’t get is vital things like psychology to trade , Money management rules, Discipline to follow every time you take the trade . Those calls are in isolation , They are not generated by a consistent rule , you can get calls from here and there and all of them will be kind of random to you . Other problem can be that you don’t know the time frame of the call . If you don’t understand all this what I just told , the easy way to understand is to answer this

  • “If listening to TV experts was really worth , Why am I not making money”
  • “How many people do you know who make living or earn exceptional returns by trading what experts tell them”

At last , the point is not that there calls and advice works or not ? They may work , but not for you. There is lot more than getting calls and acting on them . Another important thing why you should stay way or listen less to them is because most of their calls are for “forcing you to trade more” , which will eventually generate more brokerage and commissions for trading companies , Read this article from Shyam Pattabi to understand more on this.

Question : Why do experts give more of BUY calls and very less of “SELL” calls My Answer : When some one “SELLS” , he is out of trap , he is out of stock market , he pays commission once . But when Someone “BUYS” , he is trapped in markets , He already paid once and has to pay one more time to get out , so SELL = Commission 1 time and BUY = Commission twice for sure :) , Ohh.. Did I discover something here :)

This article was written by Manish Chauhan who blogs at http://www.jagoinvestor.com

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  • kunal
    dude...i dun agree with what you are saying....how does their commission matter to us...after all they r recommending a good stock...so if we are going to make money out of it...i dun think any of us would mind paying commission..they are analysts...they have better knowledge than a layman..and if ur saying dun listen to them...then tell me how do i get to know which stock is a good buy or sell...give me 1 gud alternative and i will try it...
  • I have a different reason to listen to the experts but not necessarily act on them.

    Each expert presumably has some system (mechanical or otherwise) which works over many trades as their system make probability work in their favor eventually.

    However, isolated calls do not have that advantage - and it is a hit or a miss - in other words, random picks from these calls will not work.

    I also believe that there are genuine commentators who give expert opinions in this sense only and not to generate commissions for themselves.
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