https://i.imgur.com/qs94dwL.jpg****AltTips- It's all about bitcoin and alternative coins****
This buoyant crypto currency market attracts many first timers in the ring. But it's difficult to understand the tricks of the trade. Even the old timers find it attractive to increase their trading activities in trending markets.The more serious lot goes for subscribing a stock recommendation service.
No wonder, there are many available charging from 0.05 BTC to 0.5 BTC per year. If you are one of those, wondering if you should subscribe to one such service, here is how to do it.
Most experts advise defining your needs first and checking if the needs are being met by these subscription services. You should also check the track record of the service providers among other factors. Let’s look into the factors in detail that influence the decision.
Your needs: Though most individuals want to check the credentials of the service provider first, most experts want you to start with yourself.
If you are looking for regular income, then you should opt for a day trading recommendation service.
If you are looking for long-term wealth creation, opt for services that have picked stocks offering multi-fold returns based on fundamentals or a mix of technical and fundamental factors.
Note : AltTips provide both : Day Trading(Intraday) Tips and Long Term Investment TipsCapital requirement: Depending on the service offering, the need of capital changes. In such services, the providers keep giving coin recommendations. In the case of positional trades, wherein one takes the position for a few days, there may be five to ten trades open at any given point of time. You have to account for possible losses too.
Please note, you are expected to trade on all recommendations given by the service provider. If a service provider gives 10 recommendations and 7 out of them hit the target, then the success ratio is 70%. If you decide to pick and choose three from these recommendations, then your success ratio may change depending upon what you have chosen to trade.
Note : Our Success Ratio is more than 80%
So, better ask the service provider as to how many calls are given in a given time frame and how many remain open at any given moment of time. This will help you judge the capital requirement better.
Can you handle it: Subscription services simply send you Telegram or email with the details of the coin to be bought or sold at a given price. “The trade execution is in your hand. You should be in a position to enter and exit the position on your own,”
If you are not a full timer, you have to consider this aspect in greater detail. If the call is not executed at the time it is given, it may be an opportunity lost. Especially in day trading, it can be a big miss. Even if you manage to enter a trade, you should also be in a position to close the trade at the right time.
Note: AltTips take care of all your queries regarding Trades and keep you updated with the market scenario. The discipline and the mental framework required to trade is also an important issue. Many times individuals give up if the recommendation service’s initial calls land them in losses. Please note, it is all about average success rate. Not all trades make money and you should have both the money and mind to trade as per a given strategy for a pre-defined period which can be from a month to six months.
Credentials of the service provider: If you are sure that you can handle the recommendations-based investments on your own, it is time to look at the service providers. A search online will expose you to the world of subscription services. But don’t jump to pay for one that claims to offer ‘sureshot calls’. The credibility of the service provider is important. To begin with,we are trading and providing this service from 2014 as investment advisor.
Note : AltTips have been around over many market cycles since 2014.You may come across some of the tall claims of high double-digit returns over the past one month, but do not get overwhelmed by such short-term focused claims.
Do check the team behind the service and the process that generates the stock recommendations.
Check the performance in both bull phases as well as bear phases.We have history, you can check!!
Fees & charges: The price tags for the subscription services is a wide range from 0.02 BTC to 0.5 BTC And it may be difficult to choose a service provider. The costs must be seen in the light of the performance of the service provider and in the context of capital employed.
Note : AltTips free for now!!!While these factors may help you to decide if you should go for a stock recommendation service and you may choose the right service provider for yourself, do not forget to review.
Note : AltTips also keep a track of all recommendations. A periodical circular will help you assess the value that we add to you and you will be making more informed decisions.
Subscribe us on for trading signals and all updates:
Telegram Channel:
https://t.me/alttipsTwitter:
https://twitter.com/AlttipsOfficialTelegram Support:
https://t.me/alttipsupportWebsite:
www.alttips.comRegards
Alttips Team