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This is my Zerodha P&L report. I trade a certain portion of my capital with Zerodha and this has been my performance so far. I trade discretionarily on Zerodha, systematic trading on IBKR. Part of the reason for all this profit is knowing when to take the trade.
This performance has been on a capital of 24L. I know that it's over and above 400%, which is predominantly due to intraday leverage provided by Zerodha which I used. Initially I was doing NIFTY options, but then moved to NIFTY Futures and Stock Futures.
I know it's awesome and everything. I am planning to conduct a workshop as well. I am expecting 2500 people to sign up for the initial webinar. I ll be charging 2500 rupees per person for the webinar and I ll donate 50% to charity.
Those who attend my webinar will also qualify for a discounted rate for my actual workshop that I will be conducting in Mumbai, Delhi, Jaipur, Bangalore, Hyderabad, Chennai, Goa (location search going on).
I am going to teach you all that I know. People with capital upwards of 5L can attend the webinar, and thereafter the workshop. The workshop will be limited to 50 seats per workshop, and each seat will cost 30K incl gst.
I will teach you my successful discretionary trading strategy with which my win rate is over and above 75%. I will support all the webinar and workshop attendees for 6 months. If you perform well, I might even invest capital with you. You just have to win zerodha 60day challenge.
Bonus tip: I'll give you a licensed backtesting software for free too. Will walk you through my method of identifying price action setups and will teach you how to backtest simple ideas and get into action trading - starting small and going big aggressively.
If you have read thus far, I am sorry to say that you are so naive that you almost believed this. Nah! I am just kidding. That was an elaborate HTML5 inspect elements + photoshop work.
This particular PNL screenshot took me about half hour to make. I know there might be one or two flaws here and there, but to someone just scrolling by, it looks absolutely perfect, flawless - can't doubt.
I can do this with EVERY picture and make it look legit/believable. If I can, so can anyone else. And, NOTE: I am not even a pro at photoshop. I am a beginner-intermediate at photoshop.
Just ask yourself how much more greedy you can get. Your greed will set in motion the path to ruin. Have some common sense and stop believing in screenshots - especially if you decide to attend anyone's seminar / workshop that costs as much as half your monthly salary.
A proper trainer must be a trader first and foremost. And, he/she must have verifiable track record. Or atleast have a public track record of skin in the game.
Take @bhatiamanu for example. He has his systems in place. He won't share his strategies. But he posts his trades. He's accounted for each trade, and has shown what his win ratio is - publicly, for his system. That's skin in the game. (Not endorsing him, just an example).
That was just an example. Either broker verified statement, or IT returns, or actual trades being shared with proper verifiability on public platform with a proper track record, etc., are some of the things you can use to assess whether a trainer is legit going to help you.
People like @madan_kumar do this in their workshops, showing their track record (and also publicly sharing their trades with verifiable tracking).
That's just the first level. Even if a trader is successful at such trades, and has an amazing track record, doesn't mean he is a great teacher. It's always going to be a gamble.
If they are great teachers also, your psychology and the methods they teach may not match. And if someone is going to teach something generic - like options basics or derivatives or whatever, that's all available online if you would just dig up google.
Beyond all this, if someone has a well structured course/program/workshop - you'd know with their past participants feedback. Dig up the trainer's old tweets about workshops, see the comments from participants, contact them and ask opinion, and then take a step.
So, to sum up: Wanting to grow and improve as a trader is all good and fine. But don't get lured into the world of trading by looking at flashy tens of thousands or lakhs of profit and think you can get there attending couple of seminars and workshops.
Trading is hard work. And you won't realize what kind of hard work it is to succeed in it - and when you actually get there, it may not be the life you thought you'd have.
If you think trading is exciting and thrilling, and if you're getting in for that - you're a gambler. Your gambling instincts are kicking in and it's fine - just recognize that and stop yourself before you risk ruin.
Trading - the actual process is the most boring job in the world. Discretionary trading - after a particular stage is emotionally exhausting and only 1% of all successful traders continue discretionary way even after age 35.
Stop buying dreams from those who are selling dreams. Be realistic. Yes, you can make 400-500% initially with a small capital in a year itself. But before you get there, you'd get wiped out atleast once, most people blow up 2,3,4,5 times.
Take all of FinTwit with a heavy tablespoon of salt and just put in all the work you can do, before you approach anyone else for mentoring. If you don't put in the work and expect someone else to handhold you through, you're not meant for this field. PERIOD.
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