Why are you even in the Stock
Market?
Why are you trading/investing in
stock market?
How to select right advisor for your investing trading needs?
Yes. You might think this is very
obvious question. Of course to earn money.
But just repeat the question in
your mind, to yourself, why am I even in the stock market? What am I doing?
What do I want to achieve out of it? Why am I trading or Why do I want to
trade?
The entire point we want to make
here is that we have seen, over talking to thousands of persons and serving
hundreds of clients that they literally are not FULLY AWARE of their actual
purpose of being in stock market, except this vague obvious idea that ‘it will
earn them money or to make money’
This is problem one and it gets
worse. At least, at this stage they have this consciousness of making money,
although they didn’t have full understanding of their goals, objectives and
plan for entering market or starting trading and investing.
Now, after they are in market, this
thing gets worse in the form of them completely forgetting WHY THEY WERE IN
THE MARKET IN THE FIRST PLACE?
Yes, this happens. Imagine you
setting out for a trip to, say Ladakh and on the way visiting Delhi, Simla and
so on and your time and expenses are running out. You get immersed in
destinations on the way that you forget to focus on getting to Ladakh. Although,
this is not an exact illustration, I hope you understand what I want to say.
Because of this, after sometime in
market, the person starts to trade and invest haphardly, tries to get in and
out of stocks, takes advice of any Tom, Dick, Harry and Tanyas, or Sonias of
xyZ stock advisory who calls him, keeps registering on anonymous websites
offering literally 90-99% accurate trade tips…and so on….
…This is what we mean by “completely
forgetting WHY THEY WERE IN THE MARKET IN THE FIRST PLACE?”
This happens because of one or many
of the reasons below,
1.
complete dumbness (sorry) of the investor about how
the market works and commonsense of purchasing any service or professional
advise
2.
Genuine non-awareness of the way market works, how to
select and not select a good advisor, non awareness of unscrupulous
malpracticing businesses in this field of stock consulting etc.
3.
Initial losses in the market kills the temperament,
moral, tempo and mood of the person which disorients him from prudent thinking
and acting regarding all these
You will
find the below pop up on our site on home page reminding every visitor what are
basic purposes of them being in the market which I also put below, (comprise
both investing and trading)
1. You want to generate extra/side income
source.
2. You want to build a long term portfolio for
your family and kids.
3. You want to increase your standard of
living.
4. You want to participate and benefit from
the Indian economy and growing stock markets.
5. You have a certain risk capital and you
want to try it on stock/commodity trading.
6. You are a fulltime trader or want to be a
fulltime trader.
7. You are broker or stock market
professional.
This
thing actually makes them commit lots of other mistakes which ultimately leads
them into decisions which in turn give them further failure in trading and
investing.
So,
the whole point is you must not GET DISORIENTED and let your subconscious mind
take over you.
Find
other useful articles on our ‘beware investors’ series below,
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