Zerodha - Number One Discount Broker in India

[Smart_trade]

It is just not about big heart, we have two objectives:

1. Retail participation just doesn't seem to be picking up, we are hoping that if there is gamification, which also introduces new people to the market, the active online retail trading community in India is probably just around 5lks, we all need this to grow..

2. As Nithin keeps quoting Larry Hite ---

I have two basic rules about winning in trading as well as in life:

1. If you don’t bet, you can’t win.
2. If you lose all your chips, you can’t bet.

So yeah, we keep taking bets with so many initiatives, have lost track of all of it now.. hoping that one of the bets hits... But even if it misses, it doesn't hurt the business...

Retail participation will increase if retail traders and investors see that they are making money in the markets.Most retail traders loose and quit the market after 1-2 years and the new lot of loosers come in his place. For making winning traders, starting step could be to impart knowledge.You can sponsor seminars from good traders....( not from the bookish trading gurus ) and make it available as on line and in archieves.

Few years back we had formed a group of traders in my city and each used to contribute Rs 500 per month and we used to buy best trading books and one of us would read that book and give presentation to the group every month.This activity continued for 2-3 years and then discontinued as many traders used to be always broke and not able to spare even Rs 500 pm.

You can help traders to sort out their Income Tax turnover, IT returns etc issues which you are already taken steps..Arrange good on line lectures on Fundamentals, investments, mutual funds, multibagger recommendations from research house like Motilal Oswal and their wealth creation studies.

Brokers just try to grab share of existing market but never try to increase the size of the cake. You can take lead in that.You can hold investors education seminars in different cities and call eminent traders, tax experts, mutual funds people ,fundamental analysts and educate people from different cities.Even NSE and NSDL will join hands and funding as they have huge budget for investor education.But a serious 2 days seminars...not like 4 hours seminars which CNBC conducts and calls 10 guys to speak in those 4 hours.

Giving some prize for randomly predicting index level 1 week from now to the nearest nifty point is encouraging guesswork....it wont increase the trading universe.

Just my thoughts...

Smart_trade

 

[bpr]

Hi Zerodha

Are you going to implement the single contract note for all segment?

This might reduce stamp duty charges.

Currently the stamp duty charge cap of Rs 50 is per contract note.

 

[market oracle]

This crowd index is such a joke. Apart from all the professional guesswork on news channels, professional tip givers guesses, now we have yet another entity doing the same thing. This time around, it is the random guess work of random retailers random 4houghts on friday closing price.

This is pure encouragement of guesswork. Lottery business style.
Keep it yp!

 

[market oracle]

It is more misleading to follow such random conclusions of retail traders. How does it even help?

In a previous post u have mentioned that it is an effort to increase retail traders participation. But is it the right method? What if they win the lottery? That will push them into a guesswork mentality in trading..

Nice try! To lure retail participants to winning lotteries.

 

[nirav_j]

It is more misleading to follow such random conclusions of retail traders. How does it even help?

In a previous post u have mentioned that it is an effort to increase retail traders participation. But is it the right method? What if they win the lottery? That will push them into a guesswork mentality in trading..

Nice try! To lure retail participants to winning lotteries.

Zerodha obviously has taken theka of retail traders well being. They might as well start paying utility bills of their clients, subject to x% of their profits of course.

They have come up with a unique initiative, participate if you like it, else take a walk.

and oh, from what my understanding of the Crowd Index, its very rare that some guy might get an exact hit, one week prior to claim the full "lottery" amount.

rest will get zilch. how much will be the crowd paying anyway since the Crowd Index is being compared to a lottery ?

Answer is Zilch. No one pays anything.

The fuss about luring retail traders into lottery doesnt apply to the Crowd index.

If anything, it applies to the damn MKT itself

Exchange band karwa de ? ( for retail traders well being ofcourse )

 

[timepass]

Zerodha obviously has taken theka of retail traders well being. They might as well start paying utility bills of their clients, subject to x% of their profits of course.

They have come up with a unique initiative, participate if you like it, else take a walk.

and oh, from what my understanding of the Crowd Index, its very rare that some guy might get an exact hit, one week prior to claim the full "lottery" amount.

rest will get zilch. how much will be the crowd paying anyway since the Crowd Index is being compared to a lottery ?

Answer is Zilch. No one pays anything.

The fuss about luring retail traders into lottery doesnt apply to the Crowd index.

If anything, it applies to the damn MKT itself

Exchange band karwa de ? ( for retail traders well being ofcourse )

Not exactly "zilch". There will always be some small winners, but it won't "increase participation" as I remarked elsewhere in this thread.

Zerodha are smart. I am sure that they will assess the response and make suitable amendments in due time.

But Zerodha, as you can see, something has to be done to remove the "lottery" tag from what could be a serious initiative towards encouraging the thinking trader.

 

[Taurus1]

1. Retail participation just doesn't seem to be picking up, we are hoping that if there is gamification, which also introduces new people to the market, the active online retail trading community in India is probably just around 5lks, we all need this to grow..

Until they see free money, the retail majority will keep out and rightly so. In 2008/09 when the index was 3500/4000, the avg directional move was 400 to 500pts, or 12%.

Today with the index at 7700, finding a 200pt one directional move is difficult.

IMO, it's a cyclical thing, people have to sit it out. Yes, many will not be able to wait till the trends return, but that is the nature of the beast.

But Zerodha, as you can see, something has to be done to remove the "lottery" tag from what could be a serious initiative towards encouraging the thinking trader.

Who???? Where???
In trading, meritocracy is mostly extinct.

 

[Zerodha]

Hi Zerodha

Are you going to implement the single contract note for all segment?

This might reduce stamp duty charges.

Currently the stamp duty charge cap of Rs 50 is per contract note.

Yes we have already starting sending that out.

 

[Zerodha]

Crowd index in the current form is *** Like a lottery without having to pay anything to enter *** , so yeah, as I said the format will change from tomorrow onwards..

It will turn into a game of skill, hopefully..

@Smarttrade, we are trying to gamify to see if people will come play a game where they have nothing to loose, and atleast that way start tracking the markets..

But that said, we are working on everything else that you have mentioned as well...

 

[sachin928111]

today there was an update for nest plus it has completly changed charting on it i didnt expected it. i am so used to older version how can i do away this update and have previous version. i dont think new version is any better than previous one. this version is very unstable