Things You Need To Know Before Taking Free Calls From KnowMyStock. A Must Read!
Published On: 07th August, 2019 | By: Sachin G. Kamte
KnowMyStock provides free calls from different top analysts and brokers across India. But before you execute or consider any call or tips mentioned you need to follow and know some information about it. Read thoroughly and carefully.
About the Calls:
- The calls displayed in the knowmystock website are not analyzed by us but from different sources (Premium and Free) across the web.
- The calls are from valid sources.
- We also provide risk factor which you can consider before investing.
- If you execute any calls from the list the risk is completely on you and we are not responsible for the loss incurred.
- Our job is to only provide the calls from different sources at one place for your convenience.
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Accuracy:
- If you are expecting 100% accuracy in calls given by analysts then trading is not for you.
- Always be realistic with accuracy. There is a way of trading that you need to follow to achieve success in the Stock market.
Read about how not to lose money in the stock market and get your success in the right way.
- We believe any call given by an analyst has only a 50% chance of success. So placing yourself for a safe trade is very important. Read the above article to understand completely.
- So trading in a smart way is very important. Consider trade setups to trade with the least risk possible.
- Blindly following calls from an analyst can give you very big losses and low accuracy and you will have no one to blame as analysts are also humans.
Why You Should Never pay For Calls Or Intraday Tips:
- Anyone giving you calls or tips never promises you 100% conversion. Then why pay for this.
- Anyone providing you accuracy more than 80% are just misleading you and making a fool out of you to pay them.
- Even if they have a conversion, the time at which they give the call might vary from time which you execute the call. So even if the call had conversion you might miss out on the call and lose money.
- So any trade you execute should be safe and have the least risk possible.
For example:
One analyst will give you a tip, In which you will get ₹20,000 profit if target hits and ₹10,000 loss if the stop loss is hit. These are calls with 0.5 Risk to Reward ratio with what we call Medium risk.
Now if stop-loss is hit you will lose ₹10,000. This for a small trader is very high on risk.
Instead, you are supposed to trade in such a way where if the target is hit you will get ₹11,000 and if stop-loss is hit you lose just ₹2,500.
This can be achieved by intelligent trade setups. Which is what we provide. Click on the link below to read more on trade setups.
Read What are Trade Setups and How It Can Help You Trade With Minimum Risk.
Ready Made Trade Setups For You:
Also, Read what are things you need to follow to be a successful trader in Life.
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