Nse has been running campaigns for an Investor awareness program for a long time. But since July 2023 it has been even more aggressive in communicating the same and as a result:
A lot of investors and traders would have recently (since 16th July 2023) received a notification or email with the following content:
"A promise of high returns coming your way?
Smart investors don't get carried away.
• Beware of assured/fixed Return schemes.
• Never trust written and oral promises of assured return in equity and derivatives markets.
• Have full knowledge about the product you invest in
• Do not invest in any schemes run by an entity not having SEBI registration.
• Don't make any payment in cash to the stock broker."
Hence to reiterate A Word of CAUTION going forward :
There are a lot of broking firms and analysts trying to use a few marketing tactics and terminology to attract investors towards their services or blogs or subscribed channels on various social media platforms.
Since everyone wants shortcuts even for investing their hard-earned money. Nowadays the word "Breakout" is used as a marketing tool as opposed to a research method to attract investors because the word breakout represents a strong emotion that the stock will rise in a few days or months or years as per the content.
Just to reiterate, there are a few instances where the word 'Breakout' is used with just a few technical indicators or fundamental concepts. One should realize that there are several indicators and analytical tools, and the term breakout in one or a handful of indicators could be misleading as it provides just a narrow gist based on a few set parameters.
- Trust a reputed broker or analyst who is registered with SEBI.
- Avoid comments and tips from unverified accounts and social media platforms.
- Avoid bulk SMS notifications to buy a particular stock
- Do not copy traders without due diligence and understanding of the overall risk.
- Stay focused and keep learning. Even if you make mistakes in the early stages of the investment cycle, try to remember mistakes will be part of learning and help to avoid repetitive mistakes for future investment decisions.
Wishing you a Happy and safe investment journey for all.
Please note: The article originally was on 17th July 2023 and recently we have amended it with new info/updates in September 2023.
Thank you to all who attended the webinar by Aayush Khanna on 13 September 2023. Those of you who missed the session can access the full recording here: https://shorturl.at/rHQYZ.
Remember, the once-in-a-lifetime offer of a 65% discount on InvestingPro+ via the coupon code PROW629 is only valid till 30th September 2023 and for new subscriptions only.
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