Zerodha Part 2

[Zerodha]

Sachin,
Please answer the questions in my previous post.
Also, one more query, please answer it asap.- If I short 5000 penny shares in MIS (intraday) & the share hits upper circuit today & I buy those 5000 shares tommorrow CNC , will I have to face auction for the same ?
On which day auction takes place ( T + 1/2/3/4th day ) ?

We don't let you use MIS product for penny stocks because of the extreme risk of auction. You can use MIS only on the top notch stocks..

If a broker allowed you margin trading, in penny stocks if the stock hit a upper circuit you will be taken for auction 100%. In auction, especially on penny stocks the auction penalty sometimes run upto 100% of the stock price.. and auction happens on T+3

Can you let me know what the previous post was??

 

[megapixel]

When you convert NRML to MIS, be it today or a position u r holding from many days, the margin blocked will reduce by 50% immediately..

Yes for your second question as well, you need to make sure that you convert back to NRML if you intend to hold it to the next day..

If I BUY as NRML and then Convert it into MIS to get some margin released ..how do I close this trade ?

DO I have to Convert it back to NRML and then SELL ?

OR

I can just do a MIS SELL and close the trade ..no need to convert back to NRML and SELL.

which one is correct ?

 

[soft_trader]

If I BUY as NRML and then Convert it into MIS to get some margin released ..how do I close this trade then ?

DO I have to Convert it back to NRML and then SELL ?

OR

I can just do a MIS SELL and close the trade ..no need to convert back to NRML .

which one is correct ?

No need to convert back to NRML. Just use MIS to sell.

 

[Zerodha]

If I BUY as NRML and then Convert it into MIS to get some margin released ..how do I close this trade ?

DO I have to Convert it back to NRML and then SELL ?

OR

I can just do a MIS SELL and close the trade ..no need to convert back to NRML and SELL.

which one is correct ?

the 2nd one is correct.. no need to convert back..

 

[Zerodha]

@zerodha
you never thank me....bakwas likhta tha to you used 2 reply...now when I write the good stuff then also u don't like me...ar least press the THANKS button dil se...I simply love ur platform:thumb:

Dar lagta hai tum se!! .. Kidding!!! Happy with all the positive vibe on traderji!!

Thanks!!

 

[hayerpa]

@Timepass:I will try to explain the difference between Nest Trader and NSE-NOW and I will recommend you to upgrade to NEST-TRADER...some of the features are simply superb...unable to make money in the markets I am nowadays just trying to make out the shuttle differences...there are many other advanced features also..still I will be briefing you about a few:

1.)You get Equity/FNO/Currency as well as Commodities on a single trading platform....NSE-NOW does not have commodities..do not know about the latest thing..whether they have included it or not..most probably not...for a trader like me who has some misconceptions that he understands at least Gold/Silver this is really good...and sometimes when I have no other work to do I think it would be a good time pass..

2.)Cover order is enabled on Nest Trader /Zerodha Trader...you can get leverage around 20-25 times...among the best in the industry..so along with putting a trade stop-loss automatically enters the system...and another beauty is if you want to exit..there is an exit button...and you will be out of trade immediately...if you wish...and you can use it in another way also..do not take the maximum leverage use the leverage with which you are comfortable...and 1.5% is the limit for stop-loss...fair enough...for a trader...no trader should risk more than 1.5 % of his position on a single trader..another beauty you can only reduce the stop-loss ...so your loss is always restricted...you can not tinker with a stop-loss if your position moves against you..this is another reason why people compound their losses..so this is what I like ..using the leverage maximum or minimum is one discretion I always have,,so some discipline is automatically imposed..

3.)you get everything on a single screen..unlike Keatprox of Kotak where if you want to exit a position you need to go to another menu...This is again I like very much...

There are many other advanced features available...and the only feeling I get after trading on Nest-Trader..what these so called Big Brokers like Kotak/ICICI have been doing? that too for so many years...Higher Brokerage...Shabby Trading platform on a comparative basis and customer care ..least said the better...

You will be simply delighted timepass if you see all these advanced features of NEST-TRADER..I SINCERELY REQUEST you to switch..and you will thank me that I made a good recommendation..I think its in your benefit only

Happy Trading and NJOY...:thumb:

hi all,
even i like ztrading platform and what i like most is the price ladder , but i dont like the charting software so i use trade tiger for that and do all the trade in zerodha. hope zerodha could improve there charting .

 

[hayerpa]

Dar lagta hai tum se!! .. Kidding!!! Happy with all the positive vibe on traderji!!

Thanks!!

sumit bhai bahut khauf hai tumhara aj kal zerodha mein :thumb:

 

[megapixel]

hi all,
even i like ztrading platform and what i like most is the price ladder , but i dont like the charting software so i use trade tiger for that and do all the trade in zerodha. hope zerodha could improve there charting .

How do you get the price ladder in ZT ? have not checked this feature yet.

Which menu or Short cut ?

 

[sr114]

How do you get the price ladder in ZT ? have not checked this feature yet.

Which menu or Short cut ?

Market - Price Ladder

this is the proper way to get the price ladder

rgds
subroto

 

[timepass]

1.)You get Equity/FNO/Currency as well as Commodities on a single trading platform....NSE-NOW does not have commodities..

Not trading commodities, not yet.

2.)Cover order is enabled on Nest Trader /Zerodha Trader...you can get leverage around 20-25 times...among the best in the industry..

Not trading futures.


3.)you get everything on a single screen..unlike Keatprox of Kotak where if you want to exit a position you need to go to another menu...This is again I like very much...

Using Sharekhan's TT for charting, quite satisfied.

What is the price ladder ?? Can you post a screenshot ?