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
