THE SCALPEL TRADER ← Back to the site
LEGAL

Disclaimer

Last updated 16 October 2026 · Draft, pending legal review

Short version: this is education, not advice. Trading futures and options carries a high risk of loss, and most individual traders lose money.

Not investment advice

The ebook, Account Autopsy, Capital Cockpit, our free indicators and everything on this site are educational. Nothing here is investment, tax or legal advice, or a recommendation to buy, sell or hold any security, derivative or crypto asset.

Not SEBI-registered

Dr. Subrajit Mishra is a practising surgeon. He is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser or research analyst, and does not provide tips, calls or portfolio management.

Risk

Trading in equity, futures, options and crypto involves substantial risk, and you can lose more than you expect. According to SEBI's studies of individual traders in equity F&O, 91% lost money in FY25. Only trade with money you can afford to lose.

Examples and statistics

Example accounts in our book and tools, including "Rahul", are fictional and simulated. Historical statistics shown by our indicators are built from your chart's own history and describe the past; they do not predict future results.

Indicators

Our indicators describe market context, such as ranges, levels, timing and trading costs. They give no buy or sell signals. Every decision stays yours.

Tax content

Tax information in the book is general and may change. Consult a chartered accountant about your own situation.

Third parties

We are not affiliated with or endorsed by TradingView, Zerodha, any other broker, NSE, BSE, SEBI or Amazon. Their names are used only to describe compatibility or sources.