Zerodha Part 2

[hhh]

Hi Zerodha

How do i set the "Price Type" to Limit by default instead of Market when placing the orders.
I'm using Zerodha Trade web version

Anyone can help on this?

 

[PartTime_Trader]

Anyone can help on this?

Try

Preferences >> User Settings >> Order

(for ZT)

 

[Zerodha]

@ zerodha, how many lots of options in nifty atm can be traded max easily at one time, want a rough idea.

The new exchange regulation has capped the maximum size of an order to 10,000 on nifty after the flash crash.

The issue is market has become very illiquid. The impact cost actually is much higher if you trade more than 20 lots at a time.

I have seen cases where in a product as liquid as Nifty options, people losing a 1+ point on nifty for an order of 200 lots.. The impact cost itself would be more than Rs10000 just to enter.. Actually for higher volume trader, brokerage is least of the things to worry about(atleast with our pricing), impact cost can be huge.. 1 enter and exit could mean almost upto Rs 20000 just in impact cost.. The scenario is extremely crazy when trading stock futures/options/ equity for the higher volume guys..

We are on the verge of launching something super cool for people worried about impact cost(higher volume traders).. A tool which typically is accessible only to institutional traders, this would come with rental cost's and similar such requirement.. But for a high volume guy, the saving in impact cost could be in lakhs..

Will keep you all posted..

 

[Zerodha]

xerodha,
today i got e-mail from il&fs stating that "we observe that you have outstanding
DP service charge of RS.20.96 as on 31/12/2012 to be paid to us.
we request to clear the same as soon as possible. In case you already made the payment, please ignore this."
one month before i started the il&fs and zerodha account and total number of intraday trade =1
what to do? shall i pay the amount or ignore it? i need a clarifications.
regards
Kumar

I guess this is AMC charge for a couple of weeks, do ignore as you would have already paid the upfront Rs 200 as AMC already..

 

[My investmentz]

Mayank, discount broking around the world, the logic is simple, the effort put from a broker is just the same no matter if the guy buys 1 lot or 100 lots at a time and hence the brokerage charged is same irrespective of the size of the trade..
But to say that effort put is same for every client, if he trades once in a month or 1000 times in a month is a wrong logic..Personally I think for a business to grow in a long term the logic has to be right, I may be wrong about it..

As a business also we believe that the logic is wrong and most likely will never have a fixed per month scheme.. It is one thing to start a business model, but it is also important that business has to be profitable for long term sustenance of the model.

That u have made sure by charging extra TRXN charges
Your business will always be more profitable then any other
Broker
Told my friend to print and fill your forms as. He is very much
Scared of now software

But as nirbahya dixit has written please make sure some one
Is accessible to traders all the time other wise he would be dead
Is a real truth

Last year I had sold deep in the money calls sold on reliance and
Sbi and had stock in delivery I think it was feb
Expiry day and I placed order to buy back feb calls and sell march
Calls and the system refused the order even though It was just
10 lots of Ril calls
I will never forget that day it was 2:30 pm and about 1 hour
In market to close I called up RELIGARE they told me sir
EXCHAGE MEIN LIMIT HIT HO GAYE HAI it will be fixed in 15 minutes

And in less then 10 minutes every thing was working but had
They not picked up my phone What would have had happened

That is one more reason I am avoiding discount brokers
So u need to be in touch with your clients even when markets
Are closed (no question about when markets are open)

A client not able to reach his broker is like a heart attack patient
Not able to reach his doctor it might be regular thing for the doctor
Which u are but just put ur self in the patients shoe

 

[timepass]

NOW : In the marketwatch, is it possible to insert some user comments alongwith a scrip name ?

Suppose I add Reliance in the market watch, and I want to add a comment "Support @795, Resistance @886" with this scrip. Is it possible ?

(Note : I mean like inserting comments in Excel cells).

Is it possible in Ztrader ?

 

[nirbhay Dixit]

hi, how can i watch rupee along with market watch. i have now software.thnks

 

[VJAY]

Dear Zerodha,
Why span caluclator not working for MCX?

 

[budhus]

Hi, I am trying to install ZT Software on Ubuntu 12.10 but the installation is giving me libssl and libcrypto errors. The program is not getting installed even though on the download page, it clearly says its for Ubuntu! . It would be really helpful if somebody from Zerodha can sort this out starting with a .deb file instead of .sh file. Thanks!

 

[columbus]

Price Ladder modification

At present ,Price Ladder , is available at an interval of 0.05 Rs with volumes.
That means 20 readings per Rupee, which is certainly too high.How about
introducing another Ladder ,with USER DEFINED VALUE? Since volumes
create a problem, in that case ,do not give volumes.