Hi All,
My 2 cents on this. This was a very good analysis by Ishan. When AG posts his P&L statement, he doesn’t mention his Profits after Charges and taxes. I believe that charges and taxes eat about 33% to 50% of his profits on average. This still leaves him with a Net Profit of 1.25 cr profit for FY 2017-18, which is very substantial. His trading time frame is usually from a few minutes to 2 hours. So by the time he provides his opinion, the market might have already moved.
The primary purpose behind running the training seminars are to reach out to informed people. He’ll probably pitch his PMS Services there, that’s where the real money is. Don’t just count the Revenues i.e. 50K + GST, he also has to incur a lot of costs associated with it, the rent for the Hall, the food expenses, support staff etc. I had attended PS Sundar’s workshop and I know they don’t earn anything on this.
The point of attending such seminars is to get some gold nuggets (read knowledge) from these traders which will help you in your trading. Trading is one of the toughest professions and takes years to master. Do not expect to be an overnight expert after attending his sessions. You have to put in a ton of your own effort before you can get something out of the seminars. Most of us want that one magic formula to make money without putting any effort. As far as the cost of the seminar goes, I have lost money many times over in the market trying to learn, so this still is a cheap considering the real cost of not attending such seminars. BTW I will be attending his seminar if he comes to Mumbai.
I leave you guys with the “Man in the Arena” speech by Theodore Roosevelt. I specially love the last line “…so that his place shall never be with those cold and timid souls who neither know victory nor defeat”
