PowerYourTrade is one of the most known stock tips website among Indian investors because it is very heavily promoted on moneycontrol.com. My honest review about their service would certainly mean my account can have some trouble but I think my readers deserve to know the truth and that is more important to me than my account status in PowerYourTrade.
I opted for yearly option for combo offer of PWT (PowerYourTrade) just to make sure I am not judging their service on a very small time frame.
My Account Status
On 26th Jan 2012, my account status is as follows.
I am a member of PWT for last 90 days now and it is quite a long time for me share my review about their service. So let me share some of the key facts about the service.
The Sales Page
When you are not a paid member in PWT you are mainly driven into being a member by the following recommendations.
You see multibaggers that have gained few hundred percentages over a period of few years. Not only that if you see previous multibaggers here, you see everything green. On Jan 26th 2012 I see it as follows.
Click On Image to View Complete Screenshot
Reality of Multibaggers
Reality of Multibaggers as on 26th January 2012 when logged in is…
Click on Image to View Complete Screenshot
The obvious question that you may have – Is the first screenshot wrong? No it is not wrong. You may have not noticed one thing that makes first image correct, which is the date of recommendations by experts. If you note the recommendation date you will see that those gains are for stocks recommend in June 2011 and beyond and nothing after that. It means very few Multibaggers have done anything substantial in the current market scenario.
Many can argue that that having dates means they have the accurate information but that is also not the case all the time.
The Hidden Truth
On April 19th 2011 SP Tulsian initiated a buy call on FAG Bearings, which is up by 30% now. The reality is on April 29th 2011 SP Tulsian initiated a sell call on the same stock and so even if you purchased the stock on his call you would have sold it anyway and it means the recommendation is not at all a reality where you make 30% but as guest you only see that a recommendation is up by 30%. See the screenshot below for sell call for the same stock after 10 days on 29th April 2011.
This actually reveals the secret to gains of 2000% as well. They recommended the stock at some point and that stock is now up by 2000% but that does not mean they have not initiated any sell call in between and you can actually make 2000% in reality. There may be buy and sell call but they only show the calls they have taken some time back that has gained few hundred percentage.
2009 Multibaggers
You can view 10 pages of Multibaggers stocks recommended over time and as of today I see the following calls in Multibagger calls from 2009.
Click on Image to View Complete Screenshot
Very few have performed from 2009 till date.
Final Thoughts about PowerYourTrade
You can subscribe to PowerYourTrade tips if you understand that every multibagger stock suggestion is not a multibagger and they are just any other stock suggestion. Apart from that Hem Securities Multibagger calls are more reliable and works far better than any other calls. This is my personal experience based on some tracking that I did for last 3 months.
Update: I don’t share any stock tips and so please do not email me for any stock ideas. I am a personal blogger who let you understand how to trade and invest in market but don’t prefer sharing what stocks you should be trading in market.
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If you're trying to make money from equity market, you should understand how the market works and not bet on your luck.
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In short I have explained technicals that I use when trading and investing in market.
{ 42 comments… read them below or add one }
Shabbir, I’m glad somebody has been brave enough to invite the wrath of heavyweights such as moneycontrol and sharekhan. There’s a website ( Iforget which) which in fact is meant to rate the losers and winners among stock tips but I suspect their’s is a stagemanaged website.
Paul, Thanks for those wonderful words and yes there are many such websites which could be managed by big boys.
Shabbirji, what are your thoughts on Equitymaster’s ValuePro?
Mansoor, I cannot comment on their service because I have not seen it but as a general statement, I am yet to see a stock picker who has made few times his investments for his customers and clients only.
Or, for that matter, is there a “stock-tip-er” in India who’s worth his salt?
I am yet to see anyone from India who has made few times worth for his customers and clients for few bucks.
Hi Shabbir, just came across your blog. Even me and my team operate stock market blog. We do focus on technical analysis and our recommendation are mostly on nifty future, nifty options, short term stocks, multibaggers and intraday stocks. Do visit and let me know if you have any suggestions.
Hi Bhaveek, your blog looks good but the question that I have is how do you send instant email notifications for the tips?
All email notifications are sent via google’s feedburner, its free and you have lots of setting to play with.
That does mean they are delivered on real time because Feedburner does not allow you do that and can only guarantee you deliver within few hours of schedule time.
Shabbirji,
Could you share your views on Basantji’s TED Corner. If you have not by chance visited the site I would request you to visit and provide you valuable insight.
Bikram, I normally share only my experiences and I don’t have account with them.
Thanks for sharing your experience.
I have been using equity master services for a long time. I found the reco to be suitable for long term investor who desirers to build portfolio for long term benefits.
Mankad, can you share some specifics as that would help others.
Sorry for delayed response.
I have been a subscriber of EM for more than 3 years now and avail all service. What I like the most is the way they track their reco on regular basis / on exceptional events. This tracking results in Hold or Sell recommendations. Their reco report are quite detailed and can be well understood by average investor. There success rate is more than 70% with some of their recos giving very good returns (e.g. their value pro reco has provide 10% returns in last one year and with little bit of help from technicals, one could have even earned more (by deciding to exit / add through self study). Some of their rec on this series have been : HUL, Rallis,IDFC etc.
I have no hesitation in recommending this servcie to average investor with suggestion to read and study their research reports. In fact, occasionally, they come up with special recos (when market valuations are attractive). In last month, they recommended PFC, tata Steel and Infy as large caps for next 2/3 years. Let us see !
I am sharing as service to small investors like us and to contribute to great work that you are doing.
I do not like Power Trade like servcies as for trading, time is of essence and by the time reco reaches us, stock has completed it’s short term move
Mankad, 10% return in last one year is not attractive and you could make more if you just keep your money parked in FD
Sir
your findings seems to be quite correct and reliable..i was also a subscriber of pwt..i never find anything valuable other than a few…i felt that ifin sometimes gives best tips..sir have you ever seen moneymunch.com..i just want to know their performance if you personally any experience with them …..sir is there any consortium of biggies who provides tips???
Tips are always good if you know how to use it and not trust blindly. This is all you need to know and though I have taken PWT by paying 4500, I am yet to make one trade on their tips
Renju, if there exists such a consortium of ‘the biggies’, then their ONLY objective will be to relieve you and me and thousands of other ‘not-so-biggies’of our hard earned money and add it to their kitties. They wouldn’t bother about selling you ‘tips’ to make us rich, because they can be much richer, operating the way they do. Did you notice that during a few crucial days before the closing of the January contracts Nifty suddenly started showing continued white candles exactly from 3 p.m to 3.30 or on one particular day till 3.20 pm? Did you pause to think why? Read between the lines and you get the answer. Nifty’s closing price is calculated as some sort of average of the trades between 3 and 3.30 pm and the average trader (the one without a few thousand crores to invest) has his emotions spiraling when he reads the close price and trades accordingly the next day. They (the big guys) are in the business of making money and lots of it, and they can do it much better by making us enter the wrong trades than by taking a measly subscription fee and giving us tips.
How do you manage to trade with Technical Analysis, when the big boys (Foreign FII’s) are trading against the same and cashing in huge profits. ( By moving the markets to the bull zone and at the same time triggerring the stop losses for the long positions thus initiated ). Any thoughts ?
Naveen, the simple answer is you trade with them and not against them.
I guess if you’re really good and infinitely patient and watchful, you can get in at the middle of a rally (though the big guys probably did so at the beginning) and get out with a limited profit before the rally ends.
Or else, you can be one among the 80% to 90% of all traders (and of all times) who suffer losses to make the ‘smart money guys’ (the 10 to 15 % ) richer.
That is the way in the market always.
And Naveen, I could be wrong, but the wave patterns, swerving out of all proportions even in the middle of a bull or bear rally could be the manipulative strategy used by the biggies to shake the average retail trader out of both positions, long and short.
“The markets can remain irrational longer than you can remain rational”. May be they are made to remain irrational.
Very true..just seeing some particular stocks moving up..i presumed somewhat correctly that the DII’s were inviting trouble from the smart money people…Markets ought to be like this and cannot be anybody’s guess..You need to play it smart to emerge winners..All these technical and fundamentalists spoil your capital (erode in many cases) if you follow them blindly. Be watchful, pay attention to your surroundings and follow stop losses logically..Thanks for your replies…
I wouldn’t completely write off technicals though. Some times some set ups seem to work.
Shabbir, a discussion of this sort, we know, can attract comments in favour of one trip provider or the other notwithstanding the caution you have advised against them. At a later stage in this discussion, I wouldn’t be surprised to see the stock-tippers themselves joining the discussion disguised as investors who have had ‘excellent results” with a particular stock-tipper. But since Mankad says one of the best picks he received from EM generated a profit of 10%, we can safely assume he’s a genuine trader. (By the way, EM is Equity Master,is it?
Paul one more thing which has been added by Mankad which is by additional Technical Analysis things and that also adds that he is genuine investor and customer of EM
Yes, Shabbir.
Hi Shabbir,
Thanks allot for sharing your experience, Hope you have traded few calls on Power your trade, plz share your experience on calls, how reliable they are??
To be very frank I have not traded on a single call of PWT because they don’t fall into the right pattern of what I prefer and when they provide the calls. I now have stopped tracking as well.
For those who are in long term investment i would suggest moneyworks4me. They do not recommend any buy /sel levels.Simply they provide short term and long term outlook of stock based on the historical performance and future expansion plans .
Further they provide intrinsic and discount value of stocks (value investing) which is what a value investor/long term investor needs.
Disclaimer: I personally hold account with moneyworks4me.
According to me all stock providers are more or less fake. I have subscribed with Sify few years back and got disappointed badly. Better we always do research by our own and do invest or trade.
Share your view.
Hitesh that is a very strong statement. I see you also provide lot of tips (for free) on your site as well.
Hi everyone,
I am mildly surprised at this article. Surprised because i thought PYT would be a good option (being promoted by moneycontrol, of course), and only mildly because whatever i have heard of all these advisors, there’s hardly been anything positive. Thanks to shabbir though, you’ve done a nice job. I can’t dare to subscribe to them after reading this.
Anyway, is there anyone who has found a decent advisor as of now? I might be too hopeful here, but i think someone might have come across a decent advisory firm?
I have recently had a 2-day free trial to beststocksolutions and i found their tips to be fairly accurate, and i am actually thinking about buying their 6-month pack for Rs. 7,000. Anyone got any idea or some personal experience with this? I couldn’t find any complaints against them and also the rating given was 9.9/10 (not sure who gave the rating). I still haven’t bought the service but i had tracked their calls during the free trial live, and found most of them to be correct.
Any advice on this guys?
According to me the stock tips are bound not to work and I will write a details article and update why I think that way.
Well, i would love to hear on that. So that means you’ve had no experience directly or indirectly with these beststocksolutions? They have some tie-up with KR Choksey and angel as well, and say they give one tip every wednesday which is a sure shot hit and charge a whopping 5,000 for that! But they say it always makes a huge profit. I won’t go for that, but their tips in general seemed okay. In any case, since you’ve had some experience with advisory firms, would taking a detailed look into their website, their way of functioning and performance etc. help you in taking any informed decision? My broker’s tips aren’t great to be honest and i can’t find enough time to research and take decision myself. I’m quite inclined towards this but i need some experienced inputs first.
Sahil, you have to understand few things when taking those tips into account.
1. So called trading tips are mostly news based tips and so you have to verify them on when you get them and how much time you have to act upon them.
2. How many people are actually getting those tips and what is an impact only an email blast from those stock tips can do in terms of demand and supply to the stock.
3. What is the basis of those tips and how are they suggesting those tips.
Many forums report that PowerYourTrade Tips works if they act on it few hours later or wait for couple of days and if you dig into the details why you would understand that it is by one of the largest Indian finance site and so those tips are being read by hundreds of thousands of people and if they all buy at the same time they would inflate the price anyway and so waiting after the tip can be a good solution for fundamental tips.
So if you understand how those tips can help and also know how you should be taking your positions, you should fine even with your stock brokers tips. So the trading tips are never bound to work unless you know how to make them work.
I hope I am clear
Now if you don’t have the time to take decision yourself I would suggest don’t be in market. If you cannot dedicate few minutes a day and want to trade blindly on some recommendations, you are at mercy of those tips which is not very good choice.
Shabbir and folks,
Thanks for the active , very insigthl discussion here . This is very rare as most of the web filled with magic wands/ instant tipsters with I know all syndrome .
Thanks Jayachandran for the feedback.
Dear Shabbir,
This is Irshad from lucknow. The day i start trading from that i my losses increasing every month. Now i’m going to subscribe to S P Tulsian their multibagger stock.
My losses reached more than 5 lakh. I have the record for all losses from trading account.
If you can help me please. How to catch multibagger stock from beginning.
Waiting for your early reply.
Irshad
Irshad, multibagger stocks is more related to doing fundamental analysis and I prefer investing late into those multibagger stocks when technicals align with fundamentals.