Stock Market Business Tricks/Gimmicks(Cheats?)

A Thread Based on tips Provider Gimmicks

I was searching for good tips provider from last one year, tried couple of them, none of them were impressive.

Since i have full-time job, don't have much time to look into chart and monitor the trade, so i came across bogus website http://www.calloptionputoption.com.
I got very much impressed by their past performance, 300-600% returns every month. So i searched in the Google, Traderji for their review, no were people complained they are snake oil vendors. So took the subscription for Nifty Options tips in the last week for Jan 2011 for 1 month paying Rs3000/.

Traded only in 2 lots as suggested by them for 25 days (Jan 31st to 24th Feb 2011), totally made loss of 11,650(trading)+1500(brokerage approx.)+3000(subscription fees)=-16,150/ rupees. In this period they given 12 calls, see following image for trade log.

http://i52.tinypic.com/mjw9ph.jpg

What i observed from their calls,
They give huge target in the first sms and later send sms to book the 50% or 100% for 5-20 points, as result if they have 50% success rate also, the rest 50% are of big stop losses eat the profit and you end of negative.
Every morning they send sms saying JAI SHRI KRISHNA, nifty to open so much points up/down, watching SGX Nifty... very funny

They keep sending sms not trade in more than 2 lots and don't invest lacs rupees in sms in options. I think this after hearing gaali from poor clients, even i'm one of them

I called and blasted them for their performance, result they stopped receiving my calls..:-(

What surprised me was, when they published 252 pts (339.73%) positive result on their website. Here is the link http://www.calloptionputoption.com/past-option.htm

If they remove that, here is the snapshot taken by me.

http://i55.tinypic.com/2dbw5zl.jpg



So guys, Please be aware of such bogus websites, all their past performance are fake. Never ever take subscription from their http://www.calloptionputoption.com.

Can i take legal action them as i have all sms sent by them, anyone help me on this.

Thanks
Giri

Source

Dont be fooled by such numbers. If they have this kind of performance why would they keep giving tips instead of trading their own account.

AFL Gimmicks

By XRay 27

Dear members,
iam telling the buying experience of paid afls of amibroker...during the earlier days of trading i have purchased... following afls if one fails another...

1.buysellnifty.com........ buy at open of candle is the buy and...result no Risk
reward.it works only on paper
2.DTS trading system (daytradingsystem.blogspot.in)........with there rules there target of 200 points not reached and capital gone (buy at high and sell at low happened) it may work only in trending market

3.Intra day afl (intradayafl.com) Buy at open of candle ... it works only on paper complete fraud

4.Prime system(livetradesystem.com) another useless afl for real market...

After losing each time my capital

studied all books on technical analysis... got training from a traderji member for future and options segment... developed some trading setups and now... trading with a reasonable accuracy...

CONCLUSION:There is no short for trading... have to learn technical analysis and design setups for profit...

Source

Re: AFL Gimmicks

One of my friend subscribed DTS some 2or 3 year before...he was busy in 1 month...so he handed over his terminal and DTS YM calls to me to execute orders for some days ..he lost abv 2Lac that month ...many trades which metioned in their daily track is wrong ...when I called them about this they explain themselves as they will edit it etc ....for myself I never trapped to any these kind tips...though lost money due to my own trades

Re: AFL Gimmicks

Vijay,

Any systems will not work in all markets... All these vendors are selling AFLs with out trading them self. They are Just modify the code and put their name and climbing as creater of the system

Of course most of these systems already shared in TJ it self....

Most important part is when a Trader buy a system he believes him self as finding holy grail...

the Reasons are the sellers are Creating Greed and mostly these systems would be optimized will not give similar return in future

But at the same time it is very hard to find whether the system is good or not even for experienced traders


Only Option would be testing the system different time frames and testing the system in 2 or 3 years before data

Re: AFL Gimmicks

Hello,

Yes ......all ur posts are very helpful for all cadre of traders.....

ur right designing a trading system and how to trade that trading system is entirely different....more effort/thinking is needed when implementing the system....u can't implement any given strategy directly without knowing how to implement/deploying.

what i observed in my trading career is......

1 )initial capital is directly related to ur broker and ur system and ur goals...these three needs to sync with each other when they do so u have chosen ur ideal initial capital.

2)design the trading system which reflects Market movement.....means u make money when market is bullish or bearish and u loose when market in sideways....so that ur system will give all information about market behavior.
in other words Trend following is the best approach and it is very hard to trade.

3)Efficient Market Hypothesis(EMH)....this concept is Totally wrong about market/traders/investors.if EMH is right there would be 90% successful traders ...and we know the fact.

4)Market is Right most of the time but not always......initially i believed that market is always right but later i observed it is not. hard fact to believe.(this is very important information)

5).Exits are over 90% involvement in trader success and fulfilling goals.

6)Risk-management and Money management are entirely different concepts.

7)there is NO other TA software Which can Beat "Amibroker" in any manner......and there is no good Backtesting software available to public.....

Regards,

Dear Moderator,
Why Thanks button missing for initial posts of this thread for me

One of my early acquaintance took 15,000 Rs from me (5000 for training, 5000 for some pirated software and 5000 for yearly EOD data) had told me that I will earn close to 50000 a month by spending no more than 20 minutes a day.

I have few more crooks after that but no one has matched this fellow yet.

Actually, I have a query. I have not paid him anything so far but do want to know your opinion nevertheless

He is one of the trainer who conducts free seminars and one of the keyword he mentioned in ad was Gann. So, I did attend and his presentation was about Options and as is possible in derivatives, he is able to obtain 100%-200% profits per trade. Few really bold claims were 3000% per trade. To support some of his claim, he showed emails from past students and did show few contract notes of his own.

Course fees are modestly on higher end but they are below 12K. When I question him on something, he got offended and did not want me to attend the course. He only wants newcomers and those who know nothing to attend the course. There are no repeats allowed and of course, you cannot meet him once training is concluded but he will be available on phone to help you out.

As you yourself said that he only takes those who r newbies..that explains it all..so save your money, go through the course material by lance beggs -price action trader, and also money management book of van tharp, i think if u master these two you will have enuf ammunition to defend yourself in the market