Let me introduce you to Mr. Kartik, an aspiring trader with lots of dreams of building wealth from stock market trading.
Like any other trader, he thought of beginning his journey of trading by gaining some knowledge. To kick-start his journey he landed on one YouTube Channel (name changed), Grow Trading, with the catchy video title- ‘Top 5 Secrets to Earn Instant Profits in Trading’.
Without any second thought, he clicked on that video with no idea where this one click would land him.
The video featured a charismatic trader, Arnav, (name changed) who showcased impressive charts and showed off his ability to turn a small investment into a six-figure income within months.
Kartik was captivated. He continued watching and was impressed by how Arnav traded using some simple strategies and made money within a few minutes.
Not limited to this, Arnav shared some PnLs in the video. Ofcourse, that was his main objective. To further lure his audience he shared his journey by showcasing his fake richness.
After watching this, Kartik was excited and subscribed to his channel with the hope of becoming rich like him. Also, he joined the telegram group with the link provided in the comment section.
Unfolding the Truth
Kartik started following his trading strategies. But none of his strategies worked for him. Later he came across one of the diamond plans worth ₹6999 on the telegram group.
Thinking of getting better trades, he paid fees and was then added to the ‘Premium Telegram Group‘, with the hope of getting better tips. Soon he started getting tips from the group. By blindly trusting Arnav he added capital of around ₹1,80,000 in his demat account.
In the beginning, a few of the tips worked and he made some small profits as well. With those tips and advice, he found trading a simple game without realizing it to be the calm before the storm.
Not later, the tips no longer worked for Kartik. He, the one with zero knowledge of risk management & trading psychology, ended up losing almost all his capital within a few days.
All his dreams and hopes were shattered. The flashy YouTube videos and Telegram Tips that once seemed so promising now felt like a painful joke to Arnav. After all this, he not only lost his money but also his confidence in trading.
Struggling to cope with his loss, Kartik began to question everything. How could he have been so naive? What he had thought was a straightforward path to success had turned into a financial nightmare.
Feeling defeated, he decided to take a step against such scams and frauds happening on a wider scale. He did his research and finally found our platform where he reported his case.
How Our Team Helped Kartik in Recovering ₹1,65,000?
Kartik shared all his details with us and the name of his YouTube channel. From this, our team found out that Arnav through his YouTube channel lured his audience and later provided unregistered tips & advice by adding them to the Premium Telegram Group.
Since it didn’t come under regulations hence we suggested Kartik report this to Cyber Crime. Also, we asked him to send one email to SEBI with all the screenshots of chat, transaction, and stock tips.
But Kartik thought of talking to Arnav personally and asking for a refund. But he didn’t get any response from there.
He then followed our advice and filed a Cyber Crime complaint and also reported this to SEBI.
A few days after filing, Arnav reached out to him to take the complaint back. However, Kartik stayed with his point. Later, Arnav did some negotiation and finally refunded trading losses and fees to Kartik.
What Can You Learn from This?
Kartik’s story serves as a stark reminder of the risks involved in the world of online trading advice.
Initially filled with dreams of wealth and success, he found himself trapped in a web of fake promises and high returns.
His experience highlights the dangers of blindly following online trading gurus without proper research and understanding of the underlying principles of trading.
However, Kartik’s journey didn’t end in despair.
Instead, it became a catalyst for action. By reporting the scam and seeking help, he not only managed to recover a significant portion of his losses but also learned invaluable lessons.
In a landscape filled with misleading information, aspiring traders must educate themselves about the fundamentals of trading and risk management.
The allure of quick profits can be tempting, but the reality often involves hard work, patience, and sound decision-making.
Kartik’s experience serves as a warning to others: while the internet can provide valuable resources for learning and growth, it can also be a breeding ground for scams.
By staying informed and cautious, traders can navigate the market safely and work toward achieving their financial goals without falling victim to fraudulent schemes.
