Zerodha - Number One Discount Broker in India
- Thread starter Traderji
- Start date
@Zerodha,
Quick questions:
1. I use NOW and I recently increased my position size in BankNifty(few weeks ago) and whenever i place the order, i am getting a popup saying that 'value alert triggered - do you want to continue?" - or something of that sort. After i say Yes, the order gets triggered without any issue..Why am i getting this popup?..Is there a way to get rid of this by changing some settings inside NOW? Its kind of annoying.
2. Lets say a trader starts the Zerodha challenge with 1L in his account and after trading for 5 days, the trader pumps in 10L into the account. At the end of the challenge, assume that the trader has made 5L trading for 60 days but 2 days before the challenge, he withdraws 10L(the same amount he pumped in after 5 days of starting the challenge) from the account. So, how does Zerodha would look at his returns percentage? Is it going to around 45%(5L off 11L) or 500% (5L off 1L)? I hope you have a mechanism to figure this complexity out.
Most of the trading competitions in US has a fixed amount to start with and no addition/withdrawal is allowed during the challenge. I know Zerodha is not running trading competition but want to get an idea of how you are handling the above situation i referred.
Would appreciate your reply.
Quick questions:
1. I use NOW and I recently increased my position size in BankNifty(few weeks ago) and whenever i place the order, i am getting a popup saying that 'value alert triggered - do you want to continue?" - or something of that sort. After i say Yes, the order gets triggered without any issue..Why am i getting this popup?..Is there a way to get rid of this by changing some settings inside NOW? Its kind of annoying.
2. Lets say a trader starts the Zerodha challenge with 1L in his account and after trading for 5 days, the trader pumps in 10L into the account. At the end of the challenge, assume that the trader has made 5L trading for 60 days but 2 days before the challenge, he withdraws 10L(the same amount he pumped in after 5 days of starting the challenge) from the account. So, how does Zerodha would look at his returns percentage? Is it going to around 45%(5L off 11L) or 500% (5L off 1L)? I hope you have a mechanism to figure this complexity out.
Most of the trading competitions in US has a fixed amount to start with and no addition/withdrawal is allowed during the challenge. I know Zerodha is not running trading competition but want to get an idea of how you are handling the above situation i referred.
Would appreciate your reply.
Limit Price is where in you can specify your price to buy/sell. SL (Stop Loss Limit) is an option where you can stop your losses. Ex; Assume market is trading at 100 and you get a news that it might go under 90( But not sure if it really does) at this time you can use SL for your order by Placing Price as 90 and there is a crucial part named Trigger Price which has to placed between market price and stop loss price i.e on a range of 90-100. At this price the trigger gets activated and sends an intimation to the exchange. I've tried my best to guide you as i'm a newbie. Correct me if i'm wrong
Hi Naveen,
Here's a basic understanding of the difference between Limit and a Stop Loss Limit order:
Limit Order:
Let's assume a stock is trading at Rs.100/-. You want to buy the stock at Rs.93/-. If you wish to buy the stock at 93 then you'll have to place a Limit order with the limit price as Rs.93/-. The moment the price of the stock drops from 100 --> 93 your order gets executed...
STOP LOSS LIMIT
There are 2 reasons why you'd use a Stop Loss Limit order:
a) Either to buy/sell a stock higher/lower than what it's trading at
b) To restrict your losses on an existing position.
a: Assume a stock is trading at Rs.123/- You want to buy it only if it goes higher than 130/- (For whatsoever technical/fundamental reasons).. If you place a limit order at 130/- your order will get executed immediately because there's a seller available at a much lower price..At this time you'll have to place a SL order where you mention the trigger price as 130 and the limit price at 131.. So the moment the stock price goes up from 123--->125--->130 i.e the moment it hits your trigger price, a buy order gets sent to the exchange at 131..
b: Assume you are holding a long position in Reliance at 835 and want to limit your loss to Rs 20/share (sell at 815)..If you place a sell order at 815 when its trading at 835 your order gets executed (sold) at a higher price.. In this case you will place a SL order where the trigger price would be Rs.815 and the limit price as 813.. What happens is the moment the stock price drops from 835-->823 --> 815, a sell order is sent to the exchange at Rs.813...
Highlights:
*For a SL you need to place a Trigger price and a limit prie
*When the stock hits your Trigger price a buy/sell order is sent to exchange at the limit price
*For a SL buy order Limit price > Trigger price
*For a SL sell order Limit Price < Trigger price
Here's a basic understanding of the difference between Limit and a Stop Loss Limit order:
Limit Order:
Let's assume a stock is trading at Rs.100/-. You want to buy the stock at Rs.93/-. If you wish to buy the stock at 93 then you'll have to place a Limit order with the limit price as Rs.93/-. The moment the price of the stock drops from 100 --> 93 your order gets executed...
STOP LOSS LIMIT
There are 2 reasons why you'd use a Stop Loss Limit order:
a) Either to buy/sell a stock higher/lower than what it's trading at
b) To restrict your losses on an existing position.
a: Assume a stock is trading at Rs.123/- You want to buy it only if it goes higher than 130/- (For whatsoever technical/fundamental reasons).. If you place a limit order at 130/- your order will get executed immediately because there's a seller available at a much lower price..At this time you'll have to place a SL order where you mention the trigger price as 130 and the limit price at 131.. So the moment the stock price goes up from 123--->125--->130 i.e the moment it hits your trigger price, a buy order gets sent to the exchange at 131..
b: Assume you are holding a long position in Reliance at 835 and want to limit your loss to Rs 20/share (sell at 815)..If you place a sell order at 815 when its trading at 835 your order gets executed (sold) at a higher price.. In this case you will place a SL order where the trigger price would be Rs.815 and the limit price as 813.. What happens is the moment the stock price drops from 835-->823 --> 815, a sell order is sent to the exchange at Rs.813...
Highlights:
*For a SL you need to place a Trigger price and a limit prie
*When the stock hits your Trigger price a buy/sell order is sent to exchange at the limit price
*For a SL buy order Limit price > Trigger price
*For a SL sell order Limit Price < Trigger price
For SL order: http://www.zerodha.com/z-connect/blog/view/stop-loss-orders-limit-market
For orders generally: http://www.zerodha.com/z-connect/blog/view/orders-place-modify-cancel-view
For orders generally: http://www.zerodha.com/z-connect/blog/view/orders-place-modify-cancel-view
1. Ctrl+P opens up preferences and in that there is a section which says value of order, keep that at 5,00,00,000. should work I guess.
2. For the 60 day challenge, we don't look at funds brought in and etc, we look at all your trades during the challenge and calculate profitability. As you would know it is not a competition with others, only with yourself.
2. For the 60 day challenge, we don't look at funds brought in and etc, we look at all your trades during the challenge and calculate profitability. As you would know it is not a competition with others, only with yourself.
