Suppose I create a website promoting fraudulent stock tips, with an offering that states: “Our latest stock trading strategy boasts a remarkable 99.99% accuracy in predicting stock price movements. Take advantage of our 4-day complimentary trial for intraday tips and witness firsthand how you can achieve significant profits through our exceptionally precise trading recommendations.”
By highlighting the enticing offer of a “4-day Free Trial,” numerous investors may be tempted to sign up promptly. Additionally, I may acquire a database containing email addresses and mobile numbers of demat account holders to further facilitate this deceptive scheme. In this manner, I manage to accumulate the mobile numbers of 5,000 traders, with Vijay being one of the subscribers among this group. Each day, I dispatch a solitary trading call via SMS to execute my “4 days Free Trial” strategy.
4 days Free Trial Tips Scam Strategy
Tip 1 (First Day) – Anticipate an upward movement in Reliance Industries today. Consider purchasing Reliance for immediate intraday gains.
Response – Reliance indeed experienced a significant surge. Vijay is pleased, though he remains uncertain. It could be a stroke of luck. Regardless, three more complimentary trial calls remain. Let’s observe how things unfold.
Tip 2 (Second Day) – Expect a decline in Reliance today. Opt for a short-sell strategy to capitalize on intraday opportunities. Short selling involves selling first and then buying at a lower rate on the same day.
Response – Reliance did, in fact, decrease. Vijay is impressed with the performance. Despite the overall market trend, this specific stock took a downturn. This consistency boosts his confidence. If the next tip proves accurate, Vijay may consider investing some capital. He eagerly awaits the next call to assess its performance.
Tip 3 (Third Day) – Anticipate a decline in Reliance today. Implement a short-sell strategy for potential intraday gains.
Response – Reliance did witness a decline! Vijay is now astonished. Three consecutive days of 100% accurate calls are hard to believe. The strategy appears genuinely remarkable. He is now prepared to trade based on the upcoming (4th tip) free trial advice. He is already calculating how quickly he can accumulate substantial gains by following these remarkable calls. The anticipation for the last free trial tip is palpable.
Tip 4 (Fourth and Final day) – Expect an upward movement in Reliance today. Consider purchasing for intraday gains.
Response – Vijay invested 1,00,000 in pursuit of quick profits. Initial nerves arose as there was no noticeable upward movement in morning trade. However, the stock rallied during afternoon trade, resulting in substantial profits. Vijay promptly locked in the entire profit as per the call and felt elated. He is now committed to following these tips at any cost, contemplating selling other investments to allocate the entire sum to these trading calls. Vijay envisions becoming a millionaire over the next 1-2 years by subscribing to these tips.
What Happens after 4 days Free Trial Tips are over?
Vijay, along with many others, has already witnessed the remarkable success of our services. Four consecutive calls, all accurate, with a 100% success rate during the 4-day trial period—truly extraordinary. Now, allow me to convey this message: “Having experienced our 4-day trial, you’ve seen firsthand the precision with which we predict stock price movements. Our highly accurate strategy is the result of years of dedicated hard work and research.
If you wish to continue receiving our daily trading calls, the cost is ₹20,000 for a 6-month subscription. Alternatively, you can opt for our 1-year package at a discounted rate of ₹30,000 only. The level of accuracy you witnessed during our ‘4 free trial calls’ is guaranteed.
While the subscription amount may seem high, Vijay has already reaped the benefits of these outstanding results. He believes that the subscription cost can be easily covered within just one month of trading. Envisioning himself as a millionaire in the next 1-2 years, Vijay is determined to have access to these calls at any cost. Overcoming a slight hesitation, he subscribed to the 1-year package of intraday trading calls for ₹30,000.
What Happens After Subscription is Interesting
The tips started rolling in the very next day, but a problem emerged. This time around, not all the tips are proving effective. Out of the 10 intraday calls, only 4-5 are yielding positive results, while the rest are falling short. Vijay is growing increasingly frustrated. Having invested a substantial amount, he is now facing significant losses. Every time he anticipates a recovery, the opposite occurs, and the losses continue to mount. In reality, Vijay got trapped in stock tips scam
How Paid Stock Tips Scam Actually Works
Now, let’s delve into the mechanics of this scam. Initially, I had 20000 subscribers whom I divided into two groups of 10000 each – Group A and Group B. To Group A, I sent a “Buy” call, and to Group B, a “Sell” call. Given the inherent uncertainty of stock movements, one of these calls is bound to be correct. I carefully noted which one turned out to be accurate. In this instance, the stock price moved up, confirming the correctness of the “Buy” call to Group A. Consequently, I retained Group A and discarded Group B, reducing my subscriber count to 10000.
I repeated this process with the remaining 10000 subscribers, once again splitting them into two groups. A “Buy” call was sent to one group, and a “Sell” call to the other. The correct prediction was retained, and the incorrect group was discarded. This cycle continued for four consecutive days, resulting in a group of 1250 individuals who received all four correct tips. Vijay happens to be one of these 1250people.
This reveals how individuals fall prey to this deceptive scheme. With this refined group of 1250 “target” subscribers, I can easily reach out to them via phone calls for follow-up and, ultimately, for further manipulation
How to find Scammers ?
In reality, numerous trading tips providers boast about their 90%-95% success rates. A quick Google search using keywords like “Intraday Tips,” “Trading Tips,” or “Stock Tips India” will yield over 50 websites offering enticing “3-4 days free trials.” Remarkably, all of them claim success ratios ranging from 90%-95% or even 100%, showcasing impressive past performance. However, the subscription fees are consistently on the higher side, a surprising observation.
It’s not uncommon to receive phone calls from stock tips providers urging you to join their 2-day trial service, especially during a bull market. Many individuals, including yourself, might wonder how these providers acquired their phone numbers. The explanation lies in the fact that several companies sell their client databases. Once you open a trading account, it’s possible for your mobile number to circulate among various stock tips providers. Nowadays, to ward off such operators, a common strategy is to assert, “I don’t trade” or even express disinterest in stock trading altogether. This serves as a deterrent to unsolicited calls from such entities.
How to aviod Scammers?
If someone talks about “super accurate trading tips for big gains” in the future, just ask them why they aren’t using those tips to make money for themselves. If they can’t give a good answer, or keep talking nonsense, just hang up the call. It’s a way to avoid wasting time on unrealistic claims and highlight the fact that if the tips were that good, they wouldn’t need to sell them.
Short-cut to figure out fake stock tips provider
Watch out for people who give trading tips. Trading can involve different things like intraday, short term, Futures, and Options. Be cautious about promises of high returns, especially those claiming 50% or more monthly gains – it’s often a sign of fraud. Choose advisors who explain their investment tips with clear reasons and provide detailed reports on the companies.
Many trading tip providers don’t give any logical explanations; they just say “Buy with target and stop loss.” Ask them why they’re making that recommendation. If they can’t give you a good answer or avoid the question, be careful. Don’t be swayed by impressive past records or positive client testimonials – these can sometimes be fake.
New methods to trick investors are emerging all the time, so always stay alert.
