I am trying to follow some sms tips of stock futures.
Question:
When I get SMS, should I place the market order (when price crosses the BUY price), or SLM?
If the price is above the BUY target and I am slow by few seconds, still SLM is recommended or LIMIT?
When I want call & trade, do they place SLM or Market or Limit?
How accurate is Zerodha’s Call & Trade?
Most tips come because the person giving tips already takes positions
Pl STRICTLY avoid
This is a sure shot way to give donation of your ₹ to market.
Few weeks back my friend got a tip to buy meenakshi Enterprise (MEL) at 315₹/share promising returns of atleast 500₹/share within 6 months
To experiment I purchased 1 share of MEL @ 315₹
within 15 days it increased to 345₹
I sold because I didn’t want to risk it further
Today for purpose of writing this post, I checked MEL price
I was surprised to see it trade @100₹
Avoids tips
Why would some anonymous xyz guy want to give u tip?
If he has a solid info, he can buy the share himself & make ₹
Think about it
PS Above logic also applies to derivatives!