Should i trade on paid tips or self study?

I want income minimum Rs.500/- per day or Rs.15000/- per Month or Rs 175,000/- per year from Share Trading.
what should i do? Should i trade on paid tips or trade on self study?
Cost of paid tips are minimum Rs.1000/- month, what should i do? Thanks!

Public Comments

1. You must first study and learn some basics of technical analysis.
There is a free library in the website referred below.
Every day there are 3 free tips for day traders.

Adhere to the Stop Loss or fix your own stop loss.
Trading without stop loss is like driving a vehicle
without brakes.
Happy trading!

2. Getting straight to the point, self-study is and always will be the better option.

Next, you cannot demand that the stock market will provide you a certain amount of positive cash flow on a daily, monthly or yearly basis. This approach smacks of arrogance and would put you at a disadvantage. On the other hand, a good measure of humility would put you in a far better position when it comes to the actual investment decision making process.

We would recommend that you study the books listed below:

Security Analysis by Graham & Dodd
The Intelligent Investor by Benjamin Graham
One up on Wall Street by Peter Lynch
Investment Analysis & Portfolio management by Prasanna Chandra
Options, Futures and Other Derivatives by John C. Hull

However, you are welcome to choose your own books and may consider doing a search at www.amazon.com in this regard.

Sincerely,

Akash
http://www.narachinvestment.com
http://narachinvestment.blogspot.com
http://feedproxy.google.com/narachinvestment/uaXA
http://www.narachphilosophy.com
http://narachphilosophy.blogspot.com
http://www.narach.com
http://finance.narach.com

3. If u have a Trading A/c with Reliance Money, Sharekhan, India Infoline or any other which offers Tips, I strongly recommend u to go for it. Their tips are really valuable and Informative and IT REALLY WORKS. Moreover, it is very difficult for a Layman to understand the Fundamentals of a Company or other nitty gritties. Even if it costs u Rs.1000/- per month, and u still earn Rs.15000/- per month on their recommendations, u would still make Rs.14K profit.

Wish u all the best.

4. Whether you rely on paid tips or free tips or your own analysis, be sure that you should have tradng discipline. The first and foremost of all is that you should cut your loss when the market is against you.

sathiamoorthy
http://www.sathiamoorthy.com