Why it doesn’t provide stock tips and when it will provide stock tips.
Well i think discount brokerage companies won’t provide stock tips, so does zerodha.
Doesn’t it create conflict of interest, broker giving tips and asking to trade on his platform can be merely to increase his business. Currently there is no accountability to these kind of tips, they give small stoploss and targets so even blindly 50% of the time they can be right. Also till now personally I don’t know any individual who made consistent profits by just following any free broker tips for considerable time. PMS, wealth management etc are different to these free tips where there are more chances of making profits in earlier.
7 Likes
@SrikantKumarNaik did not mention he needs profitable tips. Just like every other broker does, he just needs tips from his broker Zerodha. Good or Bad tips, he dont care.
1 Like
It has nothing to do with type of brokerage company, even few new discount brokers are giving free tips. Also going further there won’t be anything like discount or traditional as even Axis, angel started per order brokerages and even other traditional brokerages backed by banks started introducing brokerage packages similar to current discount brokers. I personally believe brokerage houses will be differentiated by theme they choose to operate for ex Zerodha is more like a fintech which is bringing new features, packaging products with latest technologies etc and is ready to change the way brokerage industry runs adopting technology where as traditional can be attributed to old brokerage houses which are reluctant to change and adapt to new technologies.
1 Like
Nitin posted a link long back. I remember major part of stock tip providers lost. It was a survey i guess.
And I personally believe, following stock tips is like being a “GOAT” no matter how profitable or dropping it is.
Most brokers, have this facility, some brokers offer this facility to all their clients and some pick and choose who they want to sell this information to.
What I feel is,
If zerodha start to give stock tips,
Company clients will decrease rather than increase,
I am happy that they are more concerned about technical indicators and chart details.
Which they can concern more about and they can bring back 60 day challenge with brokerage refund,
Which is a great thing.
1 Like
I think it is very risky for both Zerodha as brand and for your money. In real world we know markets are unpredictable, so any tip/advice can backfire for both
1 Like
This makes sense. It would be following what the crowd does
1 Like
Because they are not a scam operation like many many others really here. How do you really go about all that things ? I have seen so many scams offering that free opeartions I can’t even imagine. As well as free signals for forex and so on. Goog thing;)