An article by Dhirendra Kumar of Worth Analysis in Hindi each day Dainik Jagran the place he questions brokers facility to permit posting verified P&L on social media
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An article by Dhirendra Kumar of Worth Analysis in Hindi each day Dainik Jagran the place he questions brokers facility to permit posting verified P&L on social media
Noticed this on ET Wealth at the moment. I do know Dhirendra, will reply right here and ahead it to him.
The verified P&l we have now launched is our Model 1. We may even consider launching this as a result of @Sensibull had first launched their model of Verified P&L however just for the day.
Whereas these aren’t excellent options, they’ve carried out their job properly. The variety of folks sharing screenshots claiming a sure P&L, both actual or photo-shopped, has dropped considerably. Even with our present model of verified P&L, when somebody shares a P&L for a customized interval, there may be normally pushback from the viewers asking for an extended time or up-to-date P&L. Not sharing usually implies that perhaps the interval it’s shared is a blip. The thought is to make it onerous for folks to make false claims; I don’t know if there may be another answer. Not having this could imply unabated screenshots exhibiting giant income to lure folks.
It was vital to present each the choices of the customized interval and up-to-date as a result of we had been fixing two issues. Merchants who need to share their P&L to get jobs in prop buying and selling desks whereas additionally protecting the social media concern.
The largest concern with Verified P&L, which isn’t talked about within the article, is that nobody can measure what this absolute P&L means. Ideally, it must be share returns, drawdowns, Sharpe ratio, and many others. That is one thing we’re engaged on for model 2.0. An fairness curve of each account which may also present all of the above efficiency metrics for the account.
@TheGouda I feel when a buyer shares a customized time interval, perhaps we must always have a word on the Verified web page that it’s a customized time interval and never up-to date. So the one that is viewing is conscious.
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If a shopper needs to publish Console Verified P&L for a customized date vary, we present the date vary within the Verified PnL for everybody’s reference, as you possibly can see within the beneath screenshot.
If the Up-to-date possibility is chosen, its exhibits in a different way because it will get up to date day-after-day on a rolling foundation.
We’ll attempt to make this differentiation extra distinguished so viewers don’t miss it.