Mar 14, 2024
Table of contents
About Minish Patel and His Channels
Objective and Approach
Analysis and Experiment
Results and Evaluation
Transparency and Educational Value
Pros and Cons
Conclusion
Engagement Invitation
In the bustling world of online trading, numerous platforms offer advice and call for traders in the stock market especially in Nifty and BankNifty Option Trading. One such group that has gained attention recently is Minish Patel's Telegram group, β‘οΈπππ - ππππ πππ¨π πππ¨π© πΎππ‘π‘π¨β‘οΈ. Run by Minish Patel, this group serves as a hub for traders looking for fast, high-risk calls. This review aims to provide an in-depth analysis of the group and its offerings.
Meet Minish Patel and His Telegram Groups
Patel Wealth at a Glance:
Website: Patel Wealth
Social Media Presence:
Headed by Minish Patel, a registered research analyst with SEBI (Securities and Exchange Board of India), Patel Wealth offers a network of channels for traders of varying risk appetites.
β‘οΈπππ - ππππ πππππ© πππ¨π πππ¨π© πΎππ‘βπ¨β‘οΈ (59,581 members): This channel, as the name suggests, throws a massive amount of calls your way β sometimes exceeding 50 per day! These calls cover a wide range, including stocks, futures (like Nifty and Bank Nifty), indices, and stock options.
πππ - ππππ πΎππ‘π‘π¨ (12,10,006 members): This channel supposedly focuses on "safer" calls compared to the high-risk group.
πππ - ππΌπππ πππΎππ (34,073 members):** This channel supposedly focuses on "value picks," which might be long-term investment ideas.
These groups are part of Patel Wealth's innovative approach to engaging with traders. With a striking volume of trading calls made daily, β‘οΈπππ - ππππ πππππ© πππ¨π πππ¨π© πΎππ‘βπ¨β‘οΈ channel stands out. But it's not just about quantity; itβs the quality and the intention behind these calls that intrigue many. Despite the channel's high activity level, with up to 50 trading calls on some days, a closer look is necessary to understand its true value to traders. So we will deep dive into β‘οΈπππ - ππππ πππππ© πππ¨π πππ¨π© πΎππ‘βπ¨β‘οΈ channel today.
The Motive Behind the Telegram Group
The purpose of the Telegram channel is not clearly stated on Patel's website, which creates some ambiguity. However, upon observation, it seems to function beyond just a trading advice platform. It attempts to position itself as a source of entertainment and a respite from the intense trading routine. Yet, the underlying intentions behind such calls are commonly understood.
So, How Did I Check If Itβs Legit?
The Experiment
With some tech magic and patience, I managed to track all the calls they made from the start of January to early March. Then, I used a paper trading app (also called virtual trading/ trading stimulator) to see how these tips would have played out in real life.
Crunching the Numbers
Now, weβre getting to the juicy part β did those tips make any money? Hereβs where it gets a bit technical, but stick with me. I couldnβt just blindly follow every call; there were too many, and not all were practical. So, I picked a bunch to see how they'd do. Hereβs the deal:
For every trade, I pretended to invest βΉ20,000. If the call needed more money than that (like Futures and Options where 1 lot was more than 20K), I just went with the minimum amount possible, that is 1 lot.
Hereβs a snapshot of how things went down:
The bottom line? Overall, weβre looking at a -2.0% ROI. That means if you put in βΉ9 lakhs following all their advice, youβd lose money, about βΉ45,567, once you factor in the brokerage and charges of making those trades. Which is a loss of -5.06% including brokerage and charges, underscoring the high-risk nature of the venture.
But What If We Got Picky?
I thought, what if we only went with the trades that seemed to do well? So, I calculated using two scenarios:
What if we trade only STOCK and NIFTY Options?: Sticking to STOCK and NIFTY Options only, which looked kind of profitable. Here, things looked better β a 5.15% return in just four weeks. Not bad, considering how crazy the stock market can be.
What if we trde only INDEX OPTIONS (Excluding NIFTY): I then tried calculating on BANKNIFTY, MIDCPNIFTY, and FINNIFTY options, which... didnβt go so well. It turned out to be a 9.46% loss.
Beyond Performance: Are They Giving You All the Info You Need?
While Minish Patel boasts a registered analyst title, transparency seems lacking.
Here's what raised red flags:
Missing Targets
Many calls lack target prices, making informed decisions about entry and exit points difficult.
Entertainment Disclaimer?
The channels claim to be for "entertainment purposes" only. This raises questions β are they giving actual trading advice or just throwing ideas around?
Limited Explanation
The reasoning behind the calls is rarely provided. You're essentially left to blindly trust their judgment.
No Subscriber Interaction
The channels discourage discussion, hindering valuable peer-to-peer learning and experience sharing.
Delayed Calls
Calls often come in late, making it nearly impossible to enter trades at the desired prices they suggest.
This channels don't offer any additional educational materials, webinars, or market analysis reports to help you make informed decisions.
Pros and Cons: Weighing the Options
Pros:
Variety of Calls (High-Risk Channel):
Caters to those willing to take calculated risks with stock options, but remember, this involves a high chance of losing money.
Nifty Calls Seem Promising (High-Risk Channel)
The "High-Risk Calls" channel appears to have a decent grasp on Nifty options trading, but past performance is not necessarily indicative of future results.
SEBI Registration
Offers a certain level of legitimacy, but remember, it doesn't guarantee successful trades.
Cons:
Entertainment Charade:
The true purpose of these channels remains unclear. Are they for entertainment or actual financial advice?
No Accountability:
They absolve themselves of any liability for losses you incur based on their calls.
Limited Transparency:
Missing targets, lack of explanations, and a no-discussion policy make it a gamble.
Inactionable Calls:
Delayed calls often make it impossible to execute trades at their suggested prices.
Conclusion: To Follow or Not to Follow?
β‘οΈ3MP - High Risk Fast Callsβ‘οΈ offers a mixed bag. For those willing to sift through the volume for nuggets of wisdom or entertain high-risk options, there might be value.
However, the overall performance suggests a cautious approach. Diving into every call without discrimination could lead to net losses, especially after factoring in brokerage fees.
Your Turn
Have you interacted with β‘οΈ3MP - High Risk Fast Callsβ‘οΈ or similar Telegram channels?
Iβd love to hear your experiences and insights.
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