'Easier said than done,' say netizens on finfluencer's post on making 3% daily return in options trading

Many users of X said consistency is the key when a trader is looking to scalp 5 points on Nifty on a daily basis

Updated Aug 21, 2023 6:02 PM IST

A finfluencer post on the X platform on earning 3% daily return on Rs 30,000 investment in options trading has left traders confounded on the social media platform.

Neha Niharika, a chartered accountant who has over 20,000 followers on X, has on Sunday posted that capturing 5 points on Nifty will help one earn Rs 1,000 on deployed capital of Rs 30,000.

"An In-the-money CE/PE of #Nifty with premium approx Rs 150 in 200 qty (4 lots) requires Rs 30,000. We need to capture only 5 points move to make more than 3% in that trade.(Rs 5x200 is 1000 which is more than 3% of deployed capital of 30,000). Such an opportunity comes at least twice a day. But those who understand the difference between “greed” and “compounding”, are able to encash it," she posted.

The post went instantly viral on social media for all the wrong reasons. Many traders said earning 3% on a daily basis will make any trader "richer than Warren Buffett".

"Buying 150 rs option, SL has to be minimum 10 rs, by risking 10 rs you are targeting to earn 5 rs, not favourable risk reward. Trading is very easy unless you have skin in the game," said an user of X.

10% per day, 7 din main paisa double 🙈

Buying 150 rs option, SL has to be minimum 10 rs, by risking 10 rs you are targeting to earn 5 rs, not favourable risk reward.

Trading is very easy unless you have skin in the game.
— Sachin Saluja (@Saluja_Sachin) August 21, 2023

"One of the easiest way to burn your capital," quipped another X user.

One of the easiest way to burn your capital. https://t.co/GHtI8F5oUH
— Suryakant Jadhav (@options_katta) August 20, 2023

You can be stupid forever without anyone noticing. Just don't Tweet.

But then you tweet... https://t.co/Doo8T4T6kb
— Akash Kumar (@AkashTrader) August 20, 2023

My dear inexperienced candidate, please come to the real world from daydreaming strategy. https://t.co/lgo4cO0NTw
— నాగార్జున (@justNagarjuna) August 20, 2023

Many users of X said consistency is the key when a trader is looking to scalp 5 points on Nifty.

This is a Nuclear Tweet
Common sense debunk: if this were true - someone would be making 3.09% everyday! Which means in less than 2 years you'd make 200 Crs starting with just 30000 bucks (!)..and after just 3 years wud surpass the wealth of top 10 richest people combined 🤣🤣🤣 https://t.co/5XvrtYNMjz
— Milind Kolekar (@MiliSony) August 20, 2023

Dear Neha Ji,also tell the reverse side of the trade..
3% looks so easy to read when you catch move in right direction but what about in case of 5 point negative direction,will loose 6% as well.

If it's really so easy,Algo made the 3% sureshot as business.

Always show otherside… https://t.co/IDIFtKtCHm
— 🇮🇳🇮🇳🆁🅼 (𝐑𝐈𝐒𝐊 𝐌𝐀𝐍𝐀𝐆𝐄𝐌𝐄𝐍𝐓) (@Ravi_Riskmgmt) August 20, 2023

If you are looking for a list of things not to do in the stock market, here is a perfect example.

If capturing 5 points everyday is so easy, then why don't the same people do it and show for 30 days straight

I will tell you the fundamental problem with this approach. There are… https://t.co/IjDFAkMnEB
— Saketh R (@saketh1998) August 20, 2023

#Friends

Stay away from such tactics, it is easier said than done.

I know it is being posted to increase the reach on twitter so that she can earn from X, very smart lady.

The below strategy, doesn’t work! https://t.co/KVijTzAn6t
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— Cryptified Soul “SHE/HER” (@Cryptified_Soul) August 20, 2023

When I started trading long back, I also used to think like this that capturing 5-10 points is enough for a day.

And within 1 month I doubled my capital, and then the real game starts where 1 day market went against my direction and whole 1 month profit wiped out in a single day https://t.co/T9rZQeTDX8
— Kaushik (@me__kaushik) August 20, 2023

Who is this lady ? 🤔

Disaster happens or people with less knowledge fall trap, for such kind of tweets

1. In option buying, it is not advisable to trade more than 5% of your capital, means overall return from your capital is 0.15%,
2. broker exchange gets rich not u. https://t.co/OTqnqK3Eno
— vikram🇮🇳 (@vikraag) August 20, 2023

Niharika ji this is most easiest way to loose those 30000 ₹

There is no matter of greed, its matter of foolishness.

If someone is so perfect that he can catch 5 points in every trade then he is GOD. https://t.co/r3clVC76vv
— Kapil Dhama (@kapildhama) August 20, 2023

Retail investor participation in the equity derivatives market jumped 500% in the three years through March, according to data from SEBI. Nine in 10 individual traders, dominated by people in their 30s, lost money in the previous fiscal year, with average losses averaging Rs 1.1 lakh, a SEBI study found in January.

SEBI has previously asked brokers to disclose risks associated while trading in derivatives prominently on their websites but is now considering stricter measures.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Published on: Aug 21, 2023 6:02 PM IST

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'Easier said than done,' say netizens on finfluencer's post on making 3% daily return in options trading

Many users of X said consistency is the key when a trader is looking to scalp 5 points on Nifty on a daily basis

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