I hate the word “Premium” in the context of Stock Market Paid Services. There are “Premium” telegram channels and then there are “Premium” Plans by Stockbrokers and even SEBI Registered advisories and research Analysts.
Let me tell you something. If you hear someone offering you some “Premium” service, all you must do is RUN. Here is one such incident by a complainant to us.
On April 30th, I received a call from Prince Research Academy (PKR), likely because I had shared my contact number. A man named Ajit called me to explain their plans. I mentioned that I had around ₹5 lakh in trading capital. Ajit suggested that I join the PKR “Premium” Personal Support Group Plan, which he claimed was their “Premium” plan with an accuracy rate of over 90%.
Yes, 90% and I just believed it. May be, I wanted to.
He informed me that the fee was ₹1 lakh per month, but if I paid that day, I would receive a 50% discount due to their month-end offer. He also connected me to his senior representative, Rita, who convinced me that their average return over the past six months was more than ₹3 lakh on a capital of ₹5 lakh.
She assured me that she would guide me throughout and would always be available on call. Rita mentioned that there would be a training capsule to handle heavy lot sizes and that the premium plan would commence after the training capsule ended.
Having followed KKR’s key person, Mr. Warinder Rahu, for the past 1-2 months on YouTube and due to the month-end offer and continuous pressure from Ajit and Rita, I paid them ₹50,000 within an hour. Before paying, I requested their 5-6 months P&L Excel sheet, which they promised to send but never did.
The next day, a guy from the agency called me for the so-called training capsule, which only involved how to place a Stop-Loss (SL) order. That was the extent of their training, despite their commitment to live market screen sharing-based training. Their responses were very reluctant when I asked about the proposed training. Despite this, I continued to trust them in hopes of making profits.
Later, they sent me the P&L Excel sheet for only the month of April, which showed a profit of +₹4.5 lakh. I have a copy of that sheet.
The next day, I was not added to any group; instead, I received a Tip on WhatsApp and then another one. They claimed that it was a feature of WhatsApp and that I was added to a group, but the messages would come as personal messages. (It was an Annoucements channel)
Following their advice, I purchased 10 lots of stock options as they instructed. On the first day, I incurred a loss of ₹1.25 lakh. On the second day, I lost ₹67,000, and on the third day, I lost ₹80,000. My entire capital was wiped out in just three days. Now, they are telling me not to worry and that they will recover my losses, but nobody is responding from their side.
Well.
Here are my 2 cents on this concern.
First of all, why trade with such a huge capital at the onset?
Okay, the person is a YouTube.
Okay, the person is SEBI Registered.
So?
The capital is yours. The risk is yours. The greed is yours too.
Do not put anything, literally anything, in the first few calls given by a SEBI registered advisory. You must test their accuracy too.
Then, put a small capital amount if the tips seem to be working fine. Manage your deployed capital as per the performance of the trades given.
SEBI won’t care about your life situations. I mean, how can it?
They would ask you that why did you enter the trade with large capital, 3 times?
People – be vigilent. Respect your capital. Put restrains on your greed.
