Frequently Asked Question

One of the most frequent question we are asked is "Why do you just provide overall market views and not just open or exit prices?"

The answer to this question is not as simple as the question itself is. There are two reasons we are doing so.

The first one is , we don't provide open or exit prices here at FB because we won't know who would be exercising them. Not that we are afraid to give a free advise, but we don't know of your risk management. Managing risk is the most important thing while trading seriously, and it is not same for all. Investors with bigger investment could tolerate broader stop loss levels than of small investors obviously. So, if we tell to open a position at certain level and due to capital restrain someone can not hold it and gets stopped out, then for him that doesn't work. Not that there is flaw in the advise but the problem would be risk tolerance. For all the clients we advise, we definitely tell them the exact get in and get out levels with probable risk that they might have to be ready to tolerate. If they are comfortable with it, they execute themselves or approve to do so for them.

Now, the second one is, we just don't want anyone to follow the blind get in and get out prices. I am not saying that wouldn't make money for you. There are some folks who are doing OK doing such. But what I am trying to tell you is the thing that I always emphasize and tell people whenever I get a chance to ; Know what you are doing by yourself. It of course will take time and lot and lot of effort to understand this, but tell me any job that is easy, in which you really want to excel and make a decent life off of. Excelling things are difficult, we all try. But when you are getting better at it you will feel the difference. Back in 2000 when I was a newbie, studying in US, had temper and a sense of hurry to get to this thing and start making money right away, I was advised "If you seriously want to make it a profession, then think of it this way, how much time and money would you invest going to a college which in return would pay you with millions of dollars job". Ever since then I have become a learner, still learning and will be learning through out my life. It is never enough, never complete, never done.

Hope I didn't bored you out of skull.