Over the past 2 years we have tried out 1 month subscriptions for quite a few "Day Trading Tips" sites. We only were doing paper trades to confirm whether they were consistently performing. All, save one, of them were failing from the start.
My impression is that these so called professional tipsters are actually one/two man shows who have put in a good sms messaging system. With some of them I got a feeling that they are tied up with some large operator & are setting us up as sacrificial lambs.
Only one site was fairly ok. However it was a one man show & he would not readily accept that some of his stratergies were wrong. Also I could see no point in sitting before the computer, making 7-8 trades & walking away with 5-10 Nifty points gain max.
The only advantage was that we were able to glean a lot of info on the way, which we combined with SH's 315 system to create our own stratergies. Works like a charm for 5-10% returns per month.
I am now turning back to some intraday trading with options to see if that can be profitable.