Zerodha - Number One Discount Broker in India

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Zerodha,

Could you please tell what is easiest and fastest way to set stop loss orders of holding on daily basis ?

its very difficult to put SL orders one by one of my holding daily basis.

 

[Trader J]

, we are still not live on it, how did you get this? We will be live on it from this friday..

May be I hack your website...

 

[Trader J]

Guys,

Firstly this budget the FM has opened up advance rulings for Indian residents as well, the budget notifications will probably happen in October and we will try our best to use this window to get clarification from the IT department itself.

Coming to the turnover bit, I guess there will be always debate on what those guidelines actually mean, but as long as it is being done in spirit and not really done to hurt government coffers, I guess it is completely okay.

Imagine someone has turnover of over 10 crores, but he shows only 20lks using whatever method that suits him and then declares 8% of this as his income, this is something that can cause big trouble. But as long as what you are doing is not really doing that, it should be completely okay.

The guideline says: http://www.caalley.com/gn/30357dtc19988.pdf page 24, 5.1.2 b

The total of positive and negative, or favourable and unfavourable differences shall be taken as turnover;
Premium received on sale of options is to be included in turnover;
In respect of any reverse trades entered, the difference thereon shall also form part of the turnover
x`
Total favourable and unfavourable, is it scripwise or tradewise or should it be FIFO is not really mentioned in these 3 statements. That is what some people have decided it should be used as.

When it comes to point 3 a very important word is: "shall also", very clearly indicating it is not either/or but it is a sum of point 2 and point 3.

This is definitely up for debate, but as I was saying earlier, as long as it is done in the right spirit, shouldn't be any issue. Also since we as Zerodha are giving the turnover calculation on a public forum, we have to do it in the most conservative way possible.

For "Book Keeping" we always refer "Contract Note", we take only premium as our purchase and sale, and the difference is turnover (Positive or nagative)
and the net difference of positive and negative is actual turnover.

Premium received = Positive differnece of Purchase and sale of one contract (Say Nifty CE 8000) or
Premium received = sold Contract value become 00 (Like Nifty CE 8000 in July)

Premium Paid = Negative difference of Purchase and sale of one contract or
Premium Paid = Purchase Contract value become 00

 

[Mungerilal]

Good Morning Zerodha

Pls tell how to place these 3 orders one after the another-
1) I want to buy Tata Steel at Rs 550
then
2)I want to place SL at Rs 548
then
3) I want to place sell order at Rs 560

I'm Intraday trader

Thanks

 

[Trader J]

Guys,

Firstly this budget the FM has opened up advance rulings for Indian residents as well, the budget notifications will probably happen in October and we will try our best to use this window to get clarification from the IT department itself.
Coming to the turnover bit, I guess there will be always debate on what those guidelines actually mean, but as long as it is being done in spirit and not really done to hurt government coffers, I guess it is completely okay.

Dear Zerodha,

Better we should try to REMOVE Tax Audit under section 44AB for retail trader from Govt...because 90% retail trader not much earning from trading....and dont want burden of Tax audit etc.

 

[manojborle]

Good Morning Zerodha

Pls tell how to place these 3 orders one after the another-
1) I want to buy Tata Steel at Rs 550
then
2)I want to place SL at Rs 548
then
3) I want to place sell order at Rs 560

I'm Intraday trader

Thanks

You can use bracket order where all these orders can be placed together.
Read more about bracket orders here.
http://zerodha.com/z-connect/tradez...e-version/bracket-orders-trailing-stoploss-sl

 

[Mungerilal]

You can use bracket order where all these orders can be placed together.
Read more about bracket orders here.
http://zerodha.com/z-connect/tradez...e-version/bracket-orders-trailing-stoploss-sl

Thanks..
But I'm looking for how to place above 3 orders manually..
dont want to trail..I'm kinda quick in-out type of trader..

 

[Zerodha]

Thanks..
But I'm looking for how to place above 3 orders manually..
dont want to trail..I'm kinda quick in-out type of trader..

You will have to manually place this one after the other, no shortcuts

 

[Zerodha]

As usual before we announce anywhere else, first announcing on traderji: http://zerodha.com/z-connect/zerodha/bulletin-latest-at-zerodha/updates-august-2014

Crowd.in launching at 4pm, it is a nice fun game and hopefully we are also able to together build an indicator that works..

Also more importantly, the clearing charges drops by 80% to 0.0002% for Futures and 0.002% for options, probably the lowest in the country.

So the new transaction charges are for futures, including exchange charges are: 0.00215% and for options 0.052% of the premium.

Brokerage calculator and charge list will be update by noon tomorrow, the new rates are effective 1st Aug.

 

[Jai Mata Di]

Also more importantly, the clearing charges drops by 80% to 0.0002% for Futures and 0.002% for options, probably the lowest in the country.

So the new transaction charges are for futures, including exchange charges are: 0.00215% and for options 0.052% of the premium.

Brokerage calculator and charge list will be update by noon tomorrow, the new rates are effective 1st Aug.

Big thanks to Zerodha. :thumb:

Any update on new platform with advanced charting facility? We are waiting for it eagerly.

Best Wishes.