Zerodha Part 2

[Zerodha]

THEY WILL NOT PROVIDE YOU WITH ANY MARGIN BUT GOD FORBIDS IF MARKET CHECK MATES THEM JUST IN CASE THEY HAVE THE PROVISION IN PLACE TO ASK YOU FOR MONEY :clapping:

THEY WANT THAT 1 LACKS TRADE AT NSE EVERY DAY SHOULD BE ROOTED THOUGH THEM SO THEY MAKE 20 LACS IN BUY AND 20 LACKS IN SELL BROKERAGE EVERY DAY BUT CLIENTS SHOULD NOT ASK FOR ANYTHING

IN AN EARLIER POST I ASKED THEM HOW CAN I BUY NIFTY FUTURE AT DIFFERENT PRICES IN ONE TRADE SO I CAN BENEFITS 20 RS PER TRADE WHICH IS THE TALK OF THE COUNTRY

And they replied that place order of 10 lots as soon as 2 are traded modify that to 8 lots 5 points lower as and keep on doing this

Is this the answer for the question i bet the best algos cannot do trade like this what they can do is place 2 lots slice orders at every 5 points

But rather than saying you cannot trade 10 lots in 20 rs at different price they wanting to be seen smart told me the above way

Hey Mayank,

You seem to have conveniently used only portions of what I had posted, just to refresh, before I talk about your margin issue:

Post 1606 of this thread, page 161..

You asked me: can we buy nifty future or other stocks at different prices in one order if yes how to buy 10 lots in 20 rs at diff prices

I said: But as far as your query is concerned, yes it is possible to get different prices in one order, won't advise it to you though..
Place all the lots at one time, at say 5700, as soon as 2 lots are executed at 5700, modify your order to 5695, as soon as 5695 executed for 2 lots, modify the rest to another price.. Keep modifying as when you modify the order number doesn't change and hence you are charged nothing extra.. ..

You asked me a question and I answered it, I didn't suggest it.. I am sorry if you misunderstood the above as a suggestion...

About Margins,

Today we have over 1000 clients who use the collateral margin facility with us. All they have to do is to send email asking us to pledge and the next day credit for the margin is provided to the clients.. Yes we ask for cash margin while giving collateral and let me explain you why...

Assume you have pledged 1cr of stocks and have no cash margin and the broker has given you 80lks to trade f&O.. Assume one of the days there is a loss of 4 lks( you may not have it personally, but it is pretty normal in the business).. Assume on that day you don't have the liquidity to make good for MTM, so what can the broker do next day?? He has to square off some portion of your collateral to make good for mtm loss... You might have a personal relationship because you have 1 crore in your account and he might help you out, but what about the guy who has less than 1lk in his account??

A broker squaring off collateral is similar to how a bank liquefy's your gold if you don't pay interest on the gold loan. Trading is all about psyche and incidents like these are detrimental in long term profitability of a trader. For a person who is not our client, you seemed to be pretty pissed with us, still figuring out why, but we as a business want to do things that we feel is beneficial to our clients... You may agree to disagree.. ..

If I was offensive on any of the posts because of which you have a personal grudge against me, I am answering so many queries and sometimes my humor is taken by people in an offensive way.. Don't know you and didn't mean it...

Cheers,

 

[raedthakur]

@zerodha

Now i have a question i will give you my understanding just tell if i am correct or if u can add anything to it...

Ex: If i have Rs 5000.00 in my Trading account(eq/fo/currency), and the usdinr fut in currency(cds) is at Rs 50.00(just assuming for simplicity in calculation) and i buy 3 lots with exp on 28th jan 2013. now that would mean after the trade Rs 4500(3% margin req) will be taken from my account for this and will have Rs 500 remaining for other trades..
1.)Now i decide not to sell the 3 lots the same day and want to hold thm till the exp date... so do i need to add any more money to my trading account or will the Rs 4500 that was orignally take off be enough ...?
2.)and if add anymore amount to my trading account, can i use to make other trades..?
3.)Now whn will the brokrages be applied i mean for buy on the same day as buy or both buy and sell on the square off date, If former thn i also need the brokrage amont in my account whn buying right?
4)and will i be getting two contract notes or only one whn i square off.

Sry if the questions seems silly.

Thx

 

[raedthakur]

@zerodha

One more thing i did some intraday just to chk ur brokrages as i just started with you, on 30th november but still not received any contract notes for the same.
Hope you can help...

Thx

 

[columbus]

columbus,

trade.zerodha.com/download

mobile trading has started, MCX yet to be added..

Your are using the software from MOBILE, it does not mean it is MOBILE version.
The same thing can be used from any DESKTOP.It is a desktop version only.
(MarketWatch/Express).

How NOW.exe and NSE-mobile were radically different ?

 

[ambarish123]

zerodha ur connection is droping like bombs during world war,fix it pls

 

[sansarva]

And what if the entire order for 10 lots gets filled ? How do we ensure that only 2 lots get filled and we will get time to change the limit for balance 8 lots.....

Smart_trade

ST,
what myinvestment wanted to know was how to eat the cake and have it too without even visting the baker( remember, he is not Zerodha client),

I tried answering his question but gave up as couldn't come up with something without sounding hurting.

Sachin did come out with a brilliant solution especially his advice that he would not recommend it. myinvestment felling hurt was expected.

OK what I did'nt get was your take. Very dumb off me to not get the humour

 

[Zerodha]

@zerodha

Now i have a question i will give you my understanding just tell if i am correct or if u can add anything to it...

Ex: If i have Rs 5000.00 in my Trading account(eq/fo/currency), and the usdinr fut in currency(cds) is at Rs 50.00(just assuming for simplicity in calculation) and i buy 3 lots with exp on 28th jan 2013. now that would mean after the trade Rs 4500(3% margin req) will be taken from my account for this and will have Rs 500 remaining for other trades..
1.)Now i decide not to sell the 3 lots the same day and want to hold thm till the exp date... so do i need to add any more money to my trading account or will the Rs 4500 that was orignally take off be enough ...?
2.)and if add anymore amount to my trading account, can i use to make other trades..?
3.)Now whn will the brokrages be applied i mean for buy on the same day as buy or both buy and sell on the square off date, If former thn i also need the brokrage amont in my account whn buying right?
4)and will i be getting two contract notes or only one whn i square off.

Sry if the questions seems silly.

Thx

Hi,

Your queries,

1. If you have taken positions for 4500 and unless you don't make losses, this much is good for you to hold positions till end of expiry. If there are losses, then you will have to transfer to the extent it is lesser than Rs 4500..

2. Yes if you have more funds in the account, you can always use it for other trades..

3. Brokerages are applied on the same day you place a trade. At the end of the day you receive a contract note which will have brokerage on it.. So yes you will need to have a little more to cover the brokerage..

4. You will get 1 contract note for a day, so if you enter on one day you get one and if you exit on another day, you will get a different one..

If you have traded on 30th you would have received, most likely it will be in your spam folder, can you search for your inbox for [email protected], contract notes would have come from this email..

If you still don't see, send an email to [email protected] with your client id and we will fix this for you...

Cheers..

 

[Zerodha]

Your are using the software from MOBILE, it does not mean it is MOBILE version.
The same thing can be used from any DESKTOP.It is a desktop version only.
(MarketWatch/Express).

How NOW.exe and NSE-mobile were radically different ?

Columbus this is a mobile version, try downloading on your phone and you will see.. Very similar to NOW mobile, has a bunch of additional features..

 

[sansarva]

Zerodha, can you make your web trading work with other browser firefox,

 

[raedthakur]

@zerodha
But was my overall understanding correct?

So if am making a loss of Rs 1000 overall by the end of the day ... shud i trxnfer more money in trading account or will the loss need to be more thn Rs 4500 whn i need to trxfer funds...

And even if the loss is for less amount like say rs 100 or 200 will need to trxfer to account..