How is Vijaykumar stockmarket classes?

Has any body attended one day course of Mr.Vijaykumar. He is basically from Dadar.He is conducting classes in DADAR, DOMBIVALI, AURANGABAD ,NASIK,AND PUNE.He tells in his free seminars that he has developed some formulas for day trading stocks and commodity market and one can earn Rs 1000 every day if any body uses these formulas. He has 22 years of experience in stock market. He proclaims to be no. one in Maharashtra. He also gives support afterwards through his stock terminals till you are confident.He charges Rs 2000/- for the session.
Pl. comment.

300000 for a year for Rs 2000 who is the greater fool here?

people who can't make money from stock market make money by telling others how to make money in stock market. stock market has risk, selling tips has no risk.

He told in the seminar that he every day trade 25000 shares or around 1.5 crores.
He conducts classes only on saturday and sunday and trained around 4500 students in 2 and half years.
He trades only 10-12 shares like century textiles ,praj, gmr infra , jet airways
etc. and 4 commodities like gold,silver,copper and potato.
Thats why I was wondering is it possible to make rs.1000 every day in stock market by applying his sutras or formulae.

I myself attend the seminar but feel nothing as they said, selling his idea and made money for himself only. Take care.
-- Abhishek.

You don't need to trade 25000 shares to make Rs 1000 a day.You need to trade only 100 shares that moves more than 12 Rupees a day to book 10 Rs profit. If you take a position of 200 shares and book 5 Rs profit you will make Rs1000. If you take a position of 300 shares and book 4 Rs profit you will make Rs1200.

Select only 5 shares with good trading volumes between Rs 100 and 350 observe them daily You will know their movement. If he market is bullish and the sector is trade long if the share open one rupee higher than the previous Close and if the market is bearish and the sector trade short if it opens a rupee less than the previous close.(these are only a few rules general rules and the rest you will learn as you trade) Listen to the news and see what other markets are doing. If you take max position of 300 your cost will be below one lakh.( margin will be below Rs 20000) Trade with strict stop loss. Book your profits as soon as you reached. Then Quit trading for the day. Don't get tempted for next trade. Preseve your profit.

All the best
Regards
ken

Hi Rajesh,

Will it be possible for you to tell us what this guy is saying? There are many others in Mumbai doing the same thing, and let us expose them!

You see Rajesh, all these guys are craps and earn their money teaching others how to trade!

Anyway, thank you for this thread, as it was in my mind anyway to take these guys to task and I don't mind spending some time to bring them out in public and screw them.

I need support of people who have attended such workshops and are not satisfied / feel cheated etc, and I request them to come out and help others in preventing these scamsters. How to do it we will decide later, but first, let us come together. PM me all who may be interested to stop this crap.

Regards,

ss

P.S.-This makes an excellent subject for a new thread, which I am gonna start in a coupla days. Be ready!

A Chandra Kumar one side,a Vijay Kumar another side..........good idea,Sunil!!

Thanks for the reply.What Kenneth is saying is right.Actually I was following what he advised by studying 3-4 cos like Praj industries .But since last few weeks its movement restricted. So i switched to indiabulls real estate.It was fun trading that scrip .However it is also not moving much and volume also reduced.Initially I made some profit but afterward I lost 7-8 thosands by overtrading ,not putting stop loss ,following www.poweryourtrade.com tips. But after reading "trading for living book" by Elder Alexander and also learning from my earlier mistakes I have reduced losses but profit is also not there.Still I am learning by tape reading and trading small amount every day.I'm experimenting by taking small risk.I have observed that most of the scripts move with the index.But how to predict whether index will up or down while taking position.
In his book DR.Elder has mentioned about the all types of gurus.
Also support and resistance formula is not practical.By observing quotes you have to identify support and resistance for perticular scrip at perticular time.
Also due to bad timing earlier whenever i had taken position in a script it used to move in opposite direction.

What does 1000 Rs mean? One point on a 20 lot trade after costs in Nifty Future is 1000 Rs and do you know whats the Average Daily Range for NF is?

22 years of experience doing what?