After the Covid time in India number of retail investors and traders increased significantly. So fraudsters found the opportunity to take the benefit of people greed and emotions. Looking at that issue we will clear you what should we do with myths of telegram groups and how to identify the fraud groups.
In India when an individual comes to the stock market in hope to earn big then he/she always thought to find some groups or direct buying tips to earn profit because we are very excited at that time to learn and make big profits.
In that excitement we join groups on all social media platforms like telegram, Facebook, Whatsapp and wherever we find groups. It’s the same as our college time when we join many study groups by thinking that we will learn a lot and study from groups. But reality you know very well. Put your hand on your heart and ask yourself how many times you open those groups to study. Even if we open on maximum time just to mark the message read so that notification will not pop-up again and again 😂.
SEBI’s urge :
India’s regulators are now cracking down on internet scams. The Securities and Exchange Board of India recently urged investors to stay vigilant of so-called “pump and dump” schemes — a type of securities fraud that involves artificially inflating prices — and not rely on stock tips from unverified online services.
All we do is just an emotion. We see some group’s messages in which the group admin shares screenshots of their profit and trades which are profitable. Some claim that they give guaranteed returns of some big percentage no.. But there is no such thing as guarantee in the market. NSE has published a report against these types of groups and also said to avoid some groups like REAL TRADERS & GROW STOCK. We should know about the myths of telegram groups and stay alert.
By that even some experienced traders start feeling some loopholes in their trading strategies. And then the real game starts.
We get influenced with those screenshots and we join the premium group or buy some mentorship programs in hurry without knowing the truth. We thought that this money will recover from some trades and then we will earn lifelong.
But after sometime it does not happen that way and we start making losses. We are not saying that mentorship or premium groups are wrong. But the reality is something different. The reality is that we didn’t learn the basic roots of the market and our emotions. By this we make double blow by loosing money in the market and at the premium.
Focus on Learning :
So, better than this it is very important when you are a new trader/investor hold your nerves and be calm and just focus on learning the basics of the market and its behavior in the starting time. There are thousands of YouTube channels which teach the share market you can learn for free from anywhere.
If you want to take some courses and if that course is taken after basic learning then you will be able to learn more. So, stop making fools yourself and start focusing on real learning which can reward you in future.
Yes we agree that you can join some group or sites just to get updates of the market. But it doesn’t mean that you join anything you find anywhere in social media.
For news updates you can join the:
- MoneyControl group of telegram where all updates get updated.
- ISMDU for results and other updates.
- Grow where you get videos of hot topics going in the market.
As a trader even if you are following any experienced trader then you can join his group also for learning purposes, but it doesn’t mean that you focus on tips rather than learning.
Note :-
So as a retail investor if you are starting learning or investing in the share market then stay alert from fake telegram channels. If possible try to follow SEBI registered influencers only. Try to stay away from the myths of telegram groups and just focus on your own learning.
This article is published to aware you so that you will not loose money due to frauds in the market.
Thank You
Happy Investing
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