FAQs
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What are the various modes of payment?
You can pay online. Register on moneycontrol first to proceed with the payment.
How can I pay online?
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When will my account get activated?
It will be activated soon as your payment is realised at our end.
I saw my Order ID while registering but closed the page without noting down the details. What shall I do?
Give us these details - 1) User ID, 2) Date of subscription - either through Email at poweryourtrade@moneycontrol.com , or call us at 022 6888 2345 / 022 6888 2346. We will revert with details of your Order ID.
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What if I have made duplicate payment?
We try our best to prevent such an event, and our payment gateway is very secure. But should it occur and your credit card statement shows double entry, we will refund the money immediately.
How can I get my password back, if I have forgotten it?
A. To retrieve your User ID and Password, you can use the `Forgot Password` feature, follow these steps:
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5) You will receive the list of all your User IDs with `Reset Password` link for each
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Login to www.poweryourtrade.com using your current Login ID and Password. On the right top corner of the page that opens, you will see a link called My Profile. Click on it and make the changes, and Submit to save the changes.
I forgot to write down the Order id details. I saw the Order details page but closed it without noting down Order id. What shall I do?
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I have made online payment, but when I try to login, it says "Your subscription has expired". What should I do?
It could be because your payment has not got approved. Send us - 1) Order ID, 2) User ID, 3) Date of subscription - at poweryourtrade@moneycontrol.com or call us at 022 6888 2345 / 022 6888 2346 and we will check if your order has been executed or not. We will call back and advice you on what to do next.
What will I get in the Technical Package?
You will get trading calls namely Intraday, Positional (Short & Long-Term Calls), Delivery-based, Futures and Options and Currency calls from SEBI registered stock brokers. Trader package also covers PYT Chat with experts, Stock Signs, Market Outlook, and Brokerage Recommendation.
What will I get in the Commodity Package?
You will get commodity trading calls namely Intraday and Positional (Short & Long-Term Calls). The commodity package also covers PYT Chat with experts, Market Outlook, and Commodity Reports.
What will I get in the Combo Pack?
Combo Pack is a combination of Stocks and Commodity calls. It comprises Intraday, Positional (Short & Long Term Calls), Futures and Options, Commodity Calls, Stock Signs and Market Outlook
When will I get SMS?
You will get SMS messages containing technical strategies from experts and brokers before trading begins and also on a real time basis.
How many trading calls will I get daily? Will they be for day trading?
You will get exclusive trading strategies daily from renowned technical traders and leading brokers. They will reach you either before trading begins and also on a real time basis. There is no fixed number of calls as they would depend on the market conditions.
Will there be any F&O tips?
The brokers/experts the F&O markets daily, and spotting unusual movements. There will be selective F&O tips from analysts and brokers.
Will I get any investment calls?
Yes. You will get investment calls from leading brokers and investment analysts based on the package opted by you.
Will I get SMS overseas also?
No. The user can log on to poweryourtrade website and view his/ her package from any part of the world on a real-time basis.
How many SMS will I receive daily and when?
You will get SMS daily, giving trading calls from renowned technical traders and leading brokers. They will reach you all through the day. They are meant for day trading. There is no fixed number of calls as they would depend on the market conditions.
Can I get any other information on SMS, other than trading calls?
Apart from trading calls, you will also get important news flashes in SMS -these will be financial and corporate news.
How can I activate my SMS alerts for brokers and experts?
Once you login to your Poweryourtrade.com account, you can activate or deactivate the SMS alerts feature by clicking on My Account tab. Next, you need to click on a subcategory My Package tab. There you will find all the SMS packages wherein a trader or combo user can select maximum of 5 brokers and experts as part of the package.
What do I need to do to receive SMS?
PowerYourTrade will be able to send SMS only to those customers who have not registered their mobile numbers in the National Do Not Call Registry (NDNC). To receive trading calls, multibagger recommendations and other communications from PowerYourTrade you are required to de-register yourself. To de-register all you need to do is sms STOP 0 to 1909
Are you sending any information in the mail format?
No. Poweryourtrade.com does not send information in any other format, apart from SMS right now.
When will I receive my subscription amount on cancellation of free trial offer?
Now that you have cancelled your trial offer, the amount debited from your account earlier on hold with your bank will be credited to your account within a few days as per your Bank's holding policy. For any query and further information on the same, write back to us at poweryourtrade@moneycontrol.com
Is the SMS alert free?
Yes. the SMS facility is being offered free for a limited period.
TRAI allows operators to send SMS for opt in services. Since you have opted in for PowerYourTrade.Com you will receive the SMS alerts even if your mobile number is registered in the National Do Not Call Registry (NDNC). For any feedback send mail to poweryourtrade@moneycontrol.com
Will I get all SMS's before market open?
SMS alerts are a complimentary service offered by poweryourtrade to its subscribers. The SMS's are sent everyday before trading begins and also on a real time basis but receiving the SMS's on time entirely depends on the Operator. We are working with the Operators to ensure a fast and improved service for SMS delivery. Meanwhile, we request you to check the site for updates, where we guarantee prompt and timely information.
What do the abbreviations in SMS alerts mean?
B-Buy. S-Sell. SL-Stoploss. tgt-Target. ST- Short term. LT-Long term. MT-Medium term.
S: Support. R: Resistance. S1: First Support. R1: First Resistance. BTST: Buy Today Sell Tomorrow.
PTST: Purchase Today Sell Tomorrow. STPT: Sell Today Purchase Tomorrow.
MCB: Market Chart Busters. Calls referred to cash market
Kal Ke Liye: BTST and STBT calls
Jota Phatak: Future and Option Calls
General guidelines for traders for best results
1. Do not take only 1 out of the recos, build a portfolio of positions.
2. Divide ur capital equally into the no of recommendations to be invested in.(if 4 recos selected, divide into 4 parts).
3. If stock opens 5-6% up, its not a negative, the market just confirmed the analyst's opinion.
4. For shorter term players, cut the losers out of that portfolio by end of the day, regardless of stop being hit or not. Carry the winners, as a winning trade is likely to get more profit if held overnite.
5. Remember context of the market while taking the calls. In a wildly bullish or bearish mkt, most calls work. In a choppy mkt, the probability of calls working is lower.
6. Do not add to losing positions, winning positions may be added to, in a lower proportion.
What time frames are analysts talking about when they say short, medium and long?
According to Hitendra Vasudeo
FOR PRE MARKET CALLS:
FOR BUY CALLS:
Let the price move below CP (Centre Point) or L2 and when the stock move back above centre point or L2, then buy with low below CP or L2 as a stop loss. This rule is useful when market opens with gap down below the stop loss and also to minimize the risk.
After buying, book profits at the levels given.
Avoid buying at/near the book profit level.
If before execution of trade, book profit level is attained and subsequently buy prices are attained, then avoid buying.
FOR SELL CALLS:
Let the price move above CP or L3 and when the stock move back below CP or L3, then sell with low above CP or L3 as a stop loss. This rule is useful when market opens with gap up above the stop loss and also to minimize the risk.
After selling, cover short at the cover short levels given.
Avoid selling at/below the cover short level.
If before execution of trade, cover short level is attained and then attains the sell price, then avoid selling.
After 2:30 PM, avoid trading in the calls.
INTRA-DAY CALLS:
Intra-day calls on stocks for buying or selling are purely for intra-day. We don't give targets for Intra-day calls. Trading Calls are jobbing trading calls for quick entry and exit.
INDICATIVE TARGET FOR INTRA-DAY CALLS:
The indicative target can be calculated taking the absolute difference between the Buy price and Stop loss or Sell Price and Stop loss, and projecting by adding to the buy price or reducing from the sell price. Alternatively, target will be the difference, multiply this by 1.618 and add it to the buy price in case of a buy call and reduce from the sell price in case of a sell call.
Example Buy Call- Buy X stock at Rs 100 SL 98. Following will be the Target Calculation Buy Price = 100 Stop loss = 98 Difference = 2 Target 1= Difference + Buy Price= 100+2= 102 Target 2 = (Difference X 1.618) + Buy Price = (2 X 1.618) +100= 103.20 Example Sell Call- Sell X stock at Rs 100 SL 102 Following will be the Target Calculation Sell Price= 100 Stop loss = 102 Difference = 2 Target 1= Sell Price -Difference= 100-2= 98 Target 2= Sell Price - (Difference X 1.618) = 100 - (2 X 1.618) = 96.80
VALIDITY OF THE INTRA-DAY CALLS: STOP LOSS OR INDICATIVE TARGET WHICH EVER IS ATTAINED EARLIER
TRADE QUICKLY AND TAKE PROFITS
Targets are indicative; traders must check the net cost and keep taking profits on long or short trades when the opportunity arises. It should not happen that at a point profits are seen and later you find stop loss getting violated.
DELIVERY CALLS
Targets and stop loss are given. Target and stop loss are wider. Therefore to take the benefit of the movement and target, investor will have to invest in low profile volumes as per one's risk bearing capacity. Larger the target, longer will be the period of holding. Time frame of targets cannot be defined. Therefore, investors must buy in low profile volumes and keep room to accumulate at lower levels whenever the opportunity arises. Investor's are advised to take profit as per convenience irrespective our targets. What matters is investor's profit?
POSITIONAL CALLS
Positional Calls are short-term calls and they can be carried forward.
RISK MANAGEMENT
Define the risk per trade. The loss should be limited to risk bearing capacity. Trading call recommendation can go right or wrong. The performance is dependent on market conditions on a particular day. Volatile and choppy market on intra-day can take off the stop loss. In this process a trader must not incur larger losses. If the risk per trade is defined then the loss will be limited to the risk defined.
Example
If a trader is willing to loose per trade Rs 1000/-. Then the recommendation is as follows:
Buy X stock at Rs 100 Stop loss Rs 98
Difference of buy price and stop loss = Rs 2/-
Amount Willing to Risk or Amount willing to loose per trade= Rs 1000/-
How much volumes to trade= Amount willing to loose divided by the Difference of buy price and stop loss= 1000/ 2= 500. The volume that a trader can trade in the recommendation is 500 shares.
In this case if the recommendation fails on account of stop loss violation the loss is restricted to Rs 1000.
DO NOT OVER COMMIT YOUR VOLUMES WHEN TRADING
Example
The loss bearing capacity is Rs 1000 but a trader has done volumes of 1000 shares. That means effectively, if the stop loss is violated then the loss, which a trader can incur, is Rs 2000/. This means the loss bearing capacity is Rs 1000 per trade and the risk undertaken is Rs 2000/-.
ALWAYS OBSERVE THE INDICATED STOP LOSS. FEED IT IN THE TRADING TERMINALS.
NEVER TAKE DELIVERY OF INTRA-DAY TRADE
t is possible that if the overall market gets into a corrective phase then the loss that you can incur by taking the intra-day trade into a delivery trade will be very heavy. Therefore, defining the risk per trade is very important.
FINANCIAL, PSYCHOLOGICAL AND MENTAL PREPARATION REMOVES THE FEAR OF LOOSING
When we define risk per trade, we become mentally, psychological and financially prepared to take the risk. You are also feeding the stop loss in the terminal and when executed, a trader is willing to take it. That means, a trader is removing the fear of losing. The moment, you have removed the fear of loosing then effective implementation of trade begins and a trader will be focused to implement the next trade.
SURVIVING EVERY DAY IS KEY FOR OVERALL TRADING SUCCESS
A trader needs to limit the losses and survive every day with limited loss. So, that he can bounce back the next day and make the most on the next favorable day. If you loose trading capital in short time or in one day then you are not giving yourself a chance to play the next day.
FOR TRADERS NET LEDGER - CREDIT OR DEBIT IS IMPORTANT
Trades will go right or wrong what matter is net position over a period of time, which reflects, in the net ledger. Wrong and right trades will keep happening. If the risk per trades are defined well then few wrong trades do not matter, as overall net positions should remain positive. Working in a methodical way helps to protect capital and maximize gains. Indirectly this keeps you mentally, physically and financially healthy.
WHEN ARE PROFIT MADE GENERALLY
Market has its up's and down's, not only on intra-day but on day to day basis, week to week basis, month to month basis, quarter to quarter basis and year to year basis.
When do people make money?
Money is made generally when the market rallies. On correction traders and short-term investors lose money. Traders are bruised on correction and when market rallies again they cannot come back strongly to participate. Traders in such situation miss the moves and come back on later stage of the rally, when it is another round of correction.
Defining risk per trade protects the trader from big losses in corrections and enables traders to come back in the next phase of the rising move.
Protecting loss in correction phase is key point for overall success in trading and short-term investment. Most of the traders get into bad habit like not observing stop loss; over trading and feeling left out in the rally only to take drastic buying decisions which are the reasons why the losses are witnessed heavy on correction. Most importantly not observing stop loss takes a heavy toll on capital in the event of correction and deeper correction.
Subsequently, traders start living in a hope that recovery could be seen in their respective positions. But invariably, that is not to be seen and losses get aggravated, to finally surrender at positions in losses. Trader tired of carry positions, losses keep increasing, this builds a mental pressure to take wrong decisions on many occasions.
TRADE AS PER ONE'S OWN FUNDS AND DON'T TAKE OVER EXPOSURE LIMITS
A trader has Rs 1 Lakh trading capital then generally broker gives 2 times or 3 times the exposure. Trade as per the amount of money you have. Taking multiple exposures means taking bigger risks and if trades go wrong then you have a deficit to be paid to the broker. So, in a way there is imbalance between the capital in hand and the risk a trader is actually taking.
CLUE HOW TO MANAGE TRADING CAPITAL
Example-
1) Rs 1 Lakh trading capital
2) To loose in 2 months
3) That mean per month risk of Rs 50 thousand
4) It also means a risk of Rs 2500 per day
5) If we decide to do 3 trades in a day
6) Per trade risk will be around Rs 833.
7) At this point we assume that all day are not going to be wrong and you are unlikely to loose all trades every day.
8) A buy call: Buy X stock at Rs 100 SL Rs 2
9) In this trade effectively as per risk per trade, a trader can do 417 shares
10) Target a trader can calculate is 1 time the difference between the buy price and stop loss or 1.168 times.
11) In that case target will be Rs 102 and Rs 103.20
12) Effectively if the trade goes right the trader can earn Rs 2 or Rs 3.20
13) In terms of money- Rs 833 to Rs 1348 can be profit.
14) If the trades go wrong then the loss can be of Rs 833.
15) If all the 3 trades wrong then stop trading for the day
16) If all the 3 trades right then also stop trading
17) If a trader wants to continue trading then per trade risk will be pegged at Rs 833. Just because all the trades have gone right you should not increase the exposure and the risk per trade.
The above illustrated example is a step to throw light on how trading can get organized methodically. Recommendations are required but ultimately, how you can manage your trade and risk is important. Innumerable methods of risk management are available. The objective is to give another stream of thinking to traders so that they can plan the trading capital well and protect themselves from heavy losses when market offers sharp, sudden and drastic corrections.
