Pointing out facts and SEBI guidelines isn’t ‘inciting’ — unless the truth is that uncomfortable for you. If that’s a bad influence, maybe the problem isn’t me.
You are clearly misinformed. And its not even about your information/misinformation - you have been constantly inciting otherwise too, and not just me… which then derails the topic…
Alright, all the best and goodbye — I’ve got work to do. That’s enough Trading QnA for today.
The group head might think the last reply wins, but to those who know, you know.
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Sigh… 
Here goes…
@Manohar_Mazumdar despite what you may think,
you have been simply sharing your opinion, not pointing out facts.
In this topic-thread,
pointing out facts would have involved
sharing the link to SEBI (Investment Advisers) Regulations 2013 [Last amended on December 08, 2016] and quoting the text that you felt is relevant to back your opinion.
Searching for “profitability” in the above SEBI regulations,
we find a single instance in section 1.(i) as seen below -
Note that the above details are not even required to apply as an investment advisor.
They are being requested ONLY in a renewal application.
Based on this, If you are assuming that profitability is a criteria to being a SEBI certified Investment Advisor, then that is your interpretation, not a fact. SEBI regulations contain no such stipulation. If you were relying on some other reference to arrive at the conclusion that you did, feel free to share the links/references to that. If not, then stating your opinion as something based on your personal experience is fine too.
A point about sharing one’s sources on this forum :
Sharing, reviewing, and discussing first-hand sources
helps identify aspects that one may have missed.
Access to the sources, enables interested folks to dig deeper and uncover additional relevant details.
Without sources, the discussion often devolves into a “he-said-she-said” or a “trust-me-bro” thread. 
By having access to first-hand information and reviewing it,
everyone involved in this discussion
(and anyone coming across this topic-thread in future)
has a better understanding of the nuances involved.
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@SpacemanSpiff do you mind sharing your backtested stats (expected) versus actual results (forward test or fully deployed). Would help me with understanding how long term profitability stats look like. I want to look at win rate, RR, average dd periods, longest dd, average number of trades per month, manual or algo. If you trade multiple strategies please share the stats of strategies where you expect month on month profitability. I trade my own and some dd periods push me to break rules sometimes, would be a great help for me, thanks
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@cvs
There is NO requirement to prove profitability while registering, and while the renewal application forms for SEBI-registered investment advisers may request details on revenue and profitability for reporting purposes, there is no regulatory mandate to prove profitable advisory performance as a condition for license renewal. SEBI’s emphasis remains firmly on general compliance and regulatory obligations.
Plus a big part of the reporting involves Long Term stocks (even swing trading) and Mutual Funds, which is largely a game of patience.
@VijayNair @Satyam_Sagar extending the above request to you as well, and anyone who has atleast an year of profitability
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Arry baap rey, “for those who wants to fact check”, consider reading it by yourself and if possible ask those who has applied it for the first time , and also ask whats thier dos and don’ts. And it’s sme for evry form of investment advisory be it short term or long term. And most important ask their entire history before trusting anyone not just one or 2 year pnl. PNL history and sebi registration is what one must check before trusting anyone blindly. That’s what I actually meant. Read my replies carefully guys you will get the answer.
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it is fine if they don’t want to share, stop inciting people. Good for you, good for the forum.
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cool bro , thanks for being calm and logical.
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I guess I was late to get my popcorn. 
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Good lord, the original dude who posted this thread is probably sipping tea somewhere while people argue here.
So much misinformation flying around. One quick question to AI would have clarified it. Since no one did it, so I will do it. Here you go - via Gemini 2.5 Pro.
Source links from the Gemini chat:
How to Become SEBI Registered Investment Advisor: A Complete Step-by-Step Guide.
SEBI Registered Investment Advisor: Meaning & Eligibility | 5paisa.
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Was this misinformation? I simply stated that we need both sources [i.e pnl history and sebi registration] to verify someone’s real credibility. The AI response itself comes with a disclaimer—Mr. zoomtrader, here it is again:
“General AI Disclaimer: This content was generated using AI. While we strive for accuracy, we encourage readers to verify important information. We use AI-generated content to increase efficiencies and provide certain insights, but it may not reflect human expertise or opinions.”
I urged people to read it themselves and fact-check—because critical thinking & accountability matters.
And frankly, I won’t be engaging further. It seems some here have endless time to waste spreading baseless claims.
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Did i miss something?
Well, I posted verified pnl, but it seems inflated, maybe it will show correct figure on a trading day, monday maybe. Dont know if I want to post it publicly now… did it in a fit 
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Can i dm you somewhere?
Will DM you.
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No i’d rather keep the numbers private.
That said, there is a decent degradation that i have learned to reduce through better (read higher) slippage estimate in backtests.
Main factors for difference between trades from code vs actual live trades.
- Data is not tick by tick accurate
- Live data is not same as eod/historical data. The in the moment ltp is stale and not exactly accurate. We can mitigate for older bars through frequent backfill but cant eliminate this.
- Slipped orders. High slippage ( difference between backtest price and actual price or between trigger price and filled price)
Overoptimization is another factor that will lead to future perf being worse than initial backtest period.
Some of these nos can be tweaked by you. take early profits and win rate will increase.
My DD at single system levels have lasted more 6-8 months in worst case.
One system did very well last year - best ever single system FY performance for me. Its in DD since mid march. Its just how it is. I do not expect month on month performance. Even an option seller i know expects 3 month cycles in worst case, mine is a lot worse as i dont sell options.
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Dude - I never pointed any fingers or said that you were spreading misinformation. Stop projecting your insecurities onto others and learn to control your emotions.
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