Furus, or fake financial gurus, display these statements to advertise their trading chops and sell their online stock-trading courses.
A fin-influencer may have accidentally revealed how furus, or fake stock market gurus, manipulate their trading P&L statement to sell courses. Furus often display their P&L statements, which show what profit they made by trading, to advertise their trading chops and use them to sell their online stock market courses.
In an online discussion on whether these statements need to be verified, SEBI-registered research analyst Vibhor Varshney spoke of how even P&L statements can be manipulated.