Devang's 'Ace Trade'

Devang's 'Ace Trade' is a product designed for traders looking out for robust gains from selective and minimum of trades.

Mumbai, India (prHWY.com) March 29, 2011 - The product is born out of a simple thought that, why should one pays the service provider for a tune that he/she may not listen to? Or on the flip side a Prepaid service provider charges you only when you use his service.

Devang's 'Ace Trade'URL: http://www.devangvisaria.com/devangs-ace-trade.html is a product designed for traders looking out for robust gains from selective and minimum of trades. But most importantly it's a product that is built on the principle that the subscribers are liable to pay only when they reap profits from the suggested trading strategies.

A detailed view of the product structure is mentioned below:

Product Structure:

The product would consist of 6-8 trading strategies to trade in Equities/ commodities for a month, wherein a maximum of 2 calls would be kept live at a time.
(E.g.: After the initiation of 2 calls the 3rd trading strategy would be given only after the initial two strategies are closed.)
The recommendation will be given in Cash or Futures.
The strategies would be designed with a favorable risk return payoff with a Stop loss of 3%-4% and Targets of 8%-12%
The recommendation will be sent via SMS and messenger during the market hours.
Fee structure:

An initial deposit of Rs 10,000/- would be the subscription amount for subscribing the product.
An amount of Rs 1500/- would be charged if the suggested strategy yields a return of 3% from the suggested price whereas, a return of 5% or more will lead to an additional charge of Rs 1000/- i.e. a total of Rs 2500/- A profit of 8% or more will see a charge of Rs 4000/-
There wouldn't be any charges for calls that don't yield the specified returns. There won't be any charges for the calls that are exited at cost or at a loss.
Let's take a look at how the product functions with the help of an example.

Trading Strategy:

L&T CMP - Rs 1929
We recommend going short in this counter at current levels.
Technical Outlook:
The Share price of L&T Ltd. has been trading in a range of Rs 1935 - Rs 2000 levels for the past few trading sessions. The stock was also not able to sustain above its key medium term and long term moving average clusters placed around the Rs 1980 levels. The stock has now given a break below this trading range on a closing basis. The RSI indicator on the Daily chart has also given a sell signal.
Suggested Trading Strategy:
We recommend traders to sell into this counter at current levels and balance 50% in the range of Rs 1945 - Rs 1950 levels for targets of Rs 1855 and/or Rs 1820 levels. We recommend following a stop loss of Rs 1976 levels on all short positions.
Billing:

An amount of Rs 1500/- would be charged (from the initial deposit of Rs 10000/-) if the suggested strategy yields a return of 3% from the suggested price i.e.; if L&T achieves a downside target of Rs 1871 levels.
The Next fee of Rs 1000/- would be charged if the call yields a total return of 5% from the suggested price i.e.; if L&T achieves a downside target of Rs 1832.55 levels.
The Next fee of Rs 1500/- would be charged if the call yields a total return of 8% from the suggested price i.e.; if L&T achieves a downside target of Rs 1775 levels.
Thus the strategy yields the subscriber a minimum profit per lot of Rs 19300/- and the total fee charged would be Rs 4000/-
There wouldn't be any charges for calls that doesn't yield the specified return, the call is exited at cost or if the stop loss level gets triggered.
In the case of above example if the call yields a return of less than 3%, the subscriber won't be liable for any charges and can enjoy the returns at no cost.

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Tag Words: stock tips, share tips, shares tips, free stock tips, share market, commodities, commodity tips, equity tips

Categories: Finance

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