Zerodha Part 2

[megapixel]

comments in BLUE

hello brothers just in BW the transactions queries please solve my problem also as mentioned below .

Hi zerodha,

Today first time I traded in zerodha just to check the functions and I was confused and needed some help from you , I’ll post my query one by one and hope to see the answers soon.

I placed my order as follows :
short sell Jpass , qty=1 , price 98.15 , order type = Limit
my order was executed at this price, now my questions are:
1) How to place a stoploss order when the order is executed e.g lets say I want to place SL-limit order as ,trigger price = 98.35, limit price = 98.40.

choose BUY order type as SL-L


2) And further I want to square off the position at 98 so where I have to look in your trading terminal to place the order.

check Position


3) Suppose the SL order is been put and acc to movement of market I need to change the SL order,so where I can edit the SL order or cancel it. As zerodha does not support algo trading so need to cancel all SL order if target is met.

Go to order book ...modify order

thankz.

 

[cinderblock]

To answer your query.....

As the law stands today....it is perfectly legal for zerodha to charge 490/crore ( transaction + clearing charge).

People might discuss whether it is fair/unfair, mild/harsh etc...and hence accordingly might switch their broker, but as far as legality is concerned...it is completely LEGAL ( as on today).

BINGO!

I had almost given up hope.

 

[My investmentz]

More empty talk and still no answer to my question.

Who says Zerodha cannot charge Rs.490/crore as transaction charges?

Oh well zerodha can charge 5000 rs also and you can trade with them also
But for us guys to trade with zerodha we will pay 230 only then trade

i have seen people haggling for 5 rs with poor rikshaw guy so here cant we
ask for reduction from crore pati broker

If you want you ask them to levy you 1000 rs trxn charge on your contract note
and i will ask them for 200 :clapping:

 

[cinderblock]

Oh well zerodha can charge 5000 rs also and you can trade with them also
But for us guys to trade with zerodha we will pay 230 only then trade

i have seen people haggling for 5 rs with poor rikshaw guy so here cant we
ask for reduction from crore pati broker

If you want you ask them to levy you 1000 rs trxn charge on your contract note
and i will ask them for 200 :clapping:

Where in all my posts have I asked you not to haggle?

 

[timepass]

To answer your query.....

As the law stands today....it is perfectly legal for zerodha to charge 490/crore ( transaction + clearing charge).

People might discuss whether it is fair/unfair, mild/harsh etc...and hence accordingly might switch their broker, but as far as legality is concerned...it is completely LEGAL ( as on today).

Can they charge this under a single heading of "Transaction Charges". There is no mention of "Clearing charges" in the contract note.

 

[cinderblock]

My Dear Friend Cindrella: Instead of asking Zerodha as to why they are charging Rs. 490/crore...you are asking me ..."Who says Zerodha cannot charge Rs.490/crore as transaction charges?"

Come on dear I have my logic..If RSKV charges 230/crore...Beezel charges 250/crore...Smartonlinetrade charges 240/crore..how can Zerodha charge Rs. 490/crore?

Shoot the messenger...this is your logic..rather than asking Zerodha to justify their charges you are questioning me...

WELL DONE KEEP IT UP...:thumb:

:fatigue:
What else is new?

 

[cinderblock]

This just shows what you are here for...not for getting the right answers
but to justify Zerodha's exorbitant charges...

But believe me I have not given up hope...

Max. 2/3 months....and there will be new hope...

I expect SEBI to come up with a directive on this soon...

and you had given up hope to justify Zerodha's charges? what a pathetic attempt to rationalise what is completely irrational
:thumb:...

More blabber

 

[cinderblock]

The first time you made your appearance was to justify CREEP...and I got it dear...CA saheb...you may be legally authorised to check books of public and prvt. companies...but even ordinary mortals like me can make sense of Legalities and Technicalities:thumb:

I am quite sure you can

 

[cinderblock]

so after metastock and Amibroker...whats new dear..the latest in technology to improve your trading skills? Please guide us the lesser mortals...

You are again barking the wrong tree :rofl::rofl:

 

[Zerodha]

My Dear Friend Cindrella: Instead of asking Zerodha as to why they are charging Rs. 490/crore...you are asking me ..."Who says Zerodha cannot charge Rs.490/crore as transaction charges?"

Come on dear I have my logic..If RSKV charges 230/crore...Beezel charges 250/crore...Smartonlinetrade charges 240/crore..how can Zerodha charge Rs. 490/crore?

Shoot the messenger...this is your logic..rather than asking Zerodha to justify their charges you are questioning me...

WELL DONE KEEP IT UP...:thumb:

@Sumit,

This thread is for us to help client queries and you are just crowding this place up with your rant. As I mentioned earlier, how much we charge is our business and you wanting to use our service or not is your decision. I was just checking for your emails and very surprisingly you haven't sent any email asking us about any of these questions over the last few days from when you are repeatedly just commenting here. If you are unhappy with us, I guess you should move to the other brokers you have mentioned, I suppose you would appreciate that you/me are spending time posting/answering on the same topic.

@mayank, brother, you are a special trader who gets a special deal from your broker and you'd probably appreciate that not everyone can pay Rs 50,000 as a fixed brokerage per month. We as Zerodha cannot match the deal you are getting with your broker, I have stopped pitching you to become our client a long time back, so I don't see any point in us discussing about our charges. Because you are using algo's from your broker, I might ask you a few details about that and I'd be happy to get your feedback and do let me know if you don't want me to.

@everyone else, As I have mentioned earlier, our focus today is technology to give you an edge. Every client of ours knows how much we charge before taking a trade and you'd all appreciate that we were the first brokers to do so, by our brokerage calculator or charge list. If you think our charges are higher and makes a material difference to your trading, it is freewill and you have every right to choose a broker of your choice. But before you take that decision do understand, NOW as a trading platform gave us a very good start, but moving to our own trading platform was very crucial. With our own platform, we will over the next year offer tools which will delight you. Giving the technology edge without increasing the costs for you is our challenge now..