I am using Tijori alerts for managing positions and spotting scalping opportunities. Today Indian Bank results were out and Tijori alerted me within seconds on my phone, even before it showed up on TV or social media. Took a trade and made profit.
Pretty good feature to have for traders
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Read an article by Ken. Groww and Angel One have been pushing MTF hard. what many ppl dont understand is how risky this actually is.
lemme explain. say a stock is at 100. you put in 25, broker lends you 75. stock drops 10%, now worth 90. you still owe the broker 75 plus interest. you walk away with maybe 14. you put in 25 and lost 44% while the stock only moved 10%.
Apparently, MTF went from 2% to 7% of Growws revenue in one year. This was never supposed to be a core product. its becoming one fast.
whats bothering me more is the timing.If market is deep red and one is already stressed, already in loss. Say now you are told by the platform to average on MTF.
This is completely separate from Groww Credit. i mentioned this long back, groww used to show Groww Credit inside the investing app. my friend borrowed a loan to trade and lost it. i get it its business but these sorta practices will ruin youths and get them into debt traps as they do not understand the difference between investing money and borrowed money.
When you lose your own money its bad enough. when you lose someone elses money and still have to pay it back with interest thats a completely different level of stress.
be careful out there
