Business channels misleading common man
Stock market dealings are not for the common man. The risks are too high and chasing for reward, many have lost their savings in the stock trading aided by the live telecast of stock markets. They should know that ?Stock markets are not predictable?
BUSINESS CHANNELS like NDTV Profit and CNBC as well as the online trading facility continue to lure the common man to trade in stocks without knowing the risks. I know many people who retire early or the retired people addicted to the Business Channel viewing and entering the stock markets for trading.
We must understand that stock markets run on the principle of risk and reward and the reward is only for a few at the cost of many small investors. When the sensex tumbled from 21000+ level to below 10000 level, many small and retail investors saw their investments in stocks evaporate like water getting evaporated when kept in utensil and put on a gas stove.
The common man trade with his life savings is well accepted. The factors that drive common man into trading is the 24 hour business channels updating live on the stocks and stock markets. The so called analyst’s recommendations proved costly to many ordinary small investors.
Why not we stop telecast of live stock markets on Television Channels so as to prevent temptation of the common man to enter the high risk zone of stock trading?
The losers never give up hoping for a good time and lose again and again. This is the ‘stark’ truth.
Time has come to protect the common man from losing his life savings in stock trading. Especially day trading need to be kept out of limits of common man as many go to the extent of borrowing at high interest rates with the hope of earning huge profits.
The best thing will be to keep the commoner out of the stock markets by banning the business channels and the online trading facilities.
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