Following the recent events surrounding fake P&L screenshots and poor trading practices, and vile comments from the usual suspects, PR Sundar recently took to X (Erstwhile Twitter) to set the record straight with his critiques and clarify his philosophies with respect to trading and capital investments, and his stand on ethical training culture
P R Sundar
PR Sundar is a renowned face and carries the glory of sharing an acclaimed name in the finance and investment sector of India. Whether it is his workshops, anything related to regulatory policy, or vocality about adulterating practices in the trading and finance industry, Sundar has always shared his opinions to guide and impart knowledge through his unique style of communication. This also makes him a controversial figure among the Fintwit community as people and other influencers leave no stone unturned to attack him both for his errors and his presentation of harsh realities.
ADVERTISEMENT
The altercation on X comes at the backdrop when fintech influencers such as Ghanshyam Tech and Abhishek Kar began sharing the morphed screenshots of their P&L statements on their social media to gain traction from their viewers. They even edited the losses they were incurring to profits to attract attention; this compelled Sundar to take to X (erstwhile Twitter) to clarify yet another very common malpractice being pursued by fintech influencers.
His recent post has gone trending among the FinTwit community and has gathered support from various influencers. He elaborates his views on trading philosophies, principles, and strategy; along with his ethical approach to being in the training industry, which is why he believes his workshops are still in huge demand. His recent workshops in Bangalore and Mumbai saw record-breaking participation from various candidates and geographies which underscores his popularity in the field.
Setting the Record Straight and Clarifying the Facts
PR Sundar begins his post by asserting his stance against encouraging individuals with limited capital to engage in options trading. Sundar distinguishes himself by emphasizing that his workshops are specifically designed for individuals with a minimum of Rs.25 Lakhs in capital, and he charges a reasonable fee of only 2 to 2.5% of the said amount for his workshops. He also draws attention to the unfortunate trend of traders losing a significant portion of their capital to course fees due to misleading trainers but sets the record straight that he does not indulge himself in such practices.
One of the cornerstones of PR Sundar's trading philosophy is the realistic assessment of returns. He rejects the allure of exaggerated Return on Investment (ROI) claims and 'Get Rich Quick' schemes. While he acknowledges having achieved notable gains, he believes in maintaining a balanced perspective. He is seen advising traders to consider various factors, including their risk-taking abilities, market tolerance, available resources, and personal circumstances before pursuing aggressive returns. He clearly asserts that expecting a consistent ROI beyond 30-40% over the long term is unrealistic and unreasonable to a larger extent.
P&L Report, Transparency and Accountability
PR Sundar in his post clearly discourages traders from quitting their jobs to trade full-time without the necessary experience and capital. He highlights the importance of confidence, significant capital, and a track record of success before considering full-time trading. He further states that even his workshops focus on strategies suitable for part-time traders and full-time, ensuring a pragmatic approach to trading that aligns with individual circumstances.
PR Sundar further reiterates that he has been very transparent with his followers. He openly shares his profits, losses, mistakes, and learning experiences through various mediums from time to time. This helps the novice and even seasoned traders to carefully consider the mistakes that he has undertaken during the course. His commitment to accountability extends to his financial documents and tax statements, which are available on the official government portal (link here) as well as on Moneycontrol.
Controversary and Influencing Decisions
PR Sundar clarifies with full responsibility and transparency a previous issue with the Securities and Exchange Board of India (SEBI). He clearly states that it had nothing to do with his Workshops or Social Media presence. Additionally, in the next sequence of his post, he points out that some registered entities exploit their SEBI status to attract clients, emphasizing that not all registered traders guarantee profitable results. In an era of social media and glorified profits, trading influencers often showcase extraordinary returns and questionable advice. He advises first-time traders and the ones who do not have adequate knowledge of the workings of the industry to invest time to learn and invest responsibly.
PR Sundar's post stands as a refreshing and candid perspective on responsible trading and education. His commitment to transparency, his cautious approach to trading, and his genuine desire to impart knowledge contribute to his distinct presence in the trading community. While critics may continue to voice their opinions, Sundar remains steadfast in his mission to provide pragmatic insights and responsible trading practices to those who seek them.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
