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Advisories - Caution

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  #21  
Old 6th October 2016, 09:23 PM
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Default Re: Advisories - Caution

These days i'm seeing sms being circulated to buy stocks.
Not those regular ones but diff kind...
Sending same details multiple times from diff nos for a stock.
Recent one is from equity pandit advising Krish Fabrics....


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  #22  
Old 17th October 2016, 12:14 PM
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Default Re: Advisories - Caution

Is there any way to verify the tracksheet and reports these firms put on their websites. For eg this the tracksheet of a firm that approached me. Can it be verified to be true, or false? If it can be shown to be false perhaps some action can be taken against them.
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  #23  
Old 17th October 2016, 12:53 PM
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Default Re: Advisories - Caution

Select randomly 5 trades and then ask them to produce contract notes for the same...
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  #24  
Old 17th October 2016, 01:09 PM
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Default Re: Advisories - Caution

they will happily produce any number of photoshop contract notes
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  #25  
Old 17th October 2016, 01:59 PM
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Default Re: Advisories - Caution

Quote:
Originally Posted by Verde View Post
they will happily produce any number of photoshop contract notes
Yes.. they can but that can be verified
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  #26  
Old 17th October 2016, 05:58 PM
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Default Re: Advisories - Caution

Quote:
Originally Posted by deba72 View Post
Yes.. they can but that can be verified
Verification of contract notes is not required.

I can say this performance is fake.

Proof :-

Observe Zinc trades.

There are 3 targets for each of trade where atleast 1 lot is booked at profit target 1, tgt 2, tgt 3.

In case of profit trade, he is showing 3 lot trades booked 1 each at each target.

Whereas he is showing only 1 lot loss in case of loss.

He is not talking about the fate of unbooked lots in case there is partial booking.
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  #27  
Old 17th October 2016, 06:10 PM
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Default Re: Advisories - Caution

Quote:
Originally Posted by Charles07 View Post
These days i'm seeing sms being circulated to buy stocks.
Not those regular ones but diff kind...
Sending same details multiple times from diff nos for a stock.
Recent one is from equity pandit advising Krish Fabrics....
My name is Jack. I am a white collar and modern thief.

I can do my job well if I know my prey has enough money.

There is no just if I try my might on people who donot have money.

I get reliable info about people's money through gullible brokers, NSE/BSE SMS lists.

I just get the CD for Rs.50 bearing the numbers of traders whose accounts are funded.

My job has become very easy with the help of corrupted staff in broker's office, advisories, NSE/BSE.

Moral :- Just watch your wallet and trading a/c like an Army soldier guarding the boarder. Any time, anyone can sneak into your finances. Be alert.
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Old 17th October 2016, 06:24 PM
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Default Re: Advisories - Caution

Please read this ad.

He is promising every thing under the roof. One of my collegues happended to buy this course ware for Rs.6000.

But he is selling old wine in new bottle which is already discussed in our forum way back in 2012.
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  #29  
Old 18th October 2016, 02:13 AM
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Default One of the way to catch NSE/BSE/MSEI fraud tips providers

Quote:
Originally Posted by leonkamal View Post
Is there any way to verify the tracksheet and reports these firms put on their websites. For eg this the tracksheet of a firm that approached me. Can it be verified to be true, or false? If it can be shown to be false perhaps some action can be taken against them.
I have had an experience with one of those tips providers. He updates his performance reports on website everyday after closure of market. I was subscribed for 3 days of free trial. All those 3 days went very well. He was giving one/two tips-a-day, single position open at any given time, targeting for 25 Nifty and 50 Banknifty points with single position open at any time, with proper follow-ups. His paid services was advertised as Rs. 5000/month per index-option. After 3 days of trial, I got doubt that if he is achieving his target everyday, then there must be something fishy about it. I mean Rs. 5000/month is very cheap if what i see on performance report matches up 100% to his messages, regardless of stop-loss or targets achieved. As soon as three days trial got over, I got another sim-card, and re-registered for 3 days trial once again with different name. This time he got busted.

This time I come to know that;
.. two tips-a-day occurs only when his first tip gets into stop-loss,
.. sometimes his follow-up messages asks me to wind up my position, earlier than targeted price. If later-on that day index achieves his target then he would send you message once again to wind up your positions. This second message is completely irrelevant, since I had already acted upon his first message and there was no follow-up message for re-entry. These times when I checked performance report on website, It says that target achieved by 100%. If he has already asked me to book partial profit then he should mentioned the same in performance report. So this is how he got busted..

The best thing to do is to get 3-4 different phone numbers and tried them out over 10-15 days under different names, verify their messages with their performance reports and then decide at your own discretion..

If after completion of 10-15 days trial, any discrepancy found can be broadcast-ed to forums like this with evidences and identity..

I did not do anything at that time.. Since I was new to share market and was unaware about the wide-spread unethical business practices across share market industry. As time passes we all learn to remain/gain in this industry. At this stage we want to avoid this kind of situation simply by concentrating on our own self-learning/strategy improvement..
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  #30  
Old 18th October 2016, 05:03 PM
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Post Re: Advisories - Caution

Quote:
Originally Posted by leonkamal View Post
Is there any way to verify the tracksheet and reports these firms put on their websites. For eg this the tracksheet of a firm that approached me. Can it be verified to be true, or false? If it can be shown to be false perhaps some action can be taken against them.
Found a simulated Trading platform where you could follow experts based on their Historical performance.Services absolutely Free.Option to get Tradeupdates via email.Go to www.socialtrade.in

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