Zerodha....

[Zerodha]

:clap::clap:
Coming to your point of view regarding this average trader who trades at least 10 lots of NIFTY FUTURES in a day….An active trader as defined by you does at least 10*20=200 lots of NIFTY in a month…so considering that NIFTY ia @5000 an active trader does a transaction worth 200*50*5000= 5 crores in a month…so for that person to be wiped out completely it requires losses to the tune of only .2% to …and I have seen enough of this…so I bet that person will be out of the stock market in the first month of his trading itself…Anybody who has been in the market long enough will vouch for this fact…so after the first month he won’t be in a position to give brokerage either to ZERODHA or some other entities like an ICICI or a KOTAK or a RELIGARE or an INDIAINFOLINE…He has to die…

Again ZERODHA has an edge here…if that person wipes out his capital completely he c:clap:an shift the blame to the tune of 20000 to his broker if he has been charged @4paisa….150000 if he has been charged @3 paisa and 10000 if he has been charged @2 paisa…ZERODHA makes great sense here because if to trade in 200 lots of NIFTY a person has traded only 100 times…then the maximum blame game he can play is to the tune of 2000 only…This is indeed a great value for money

So your break-even concept is full of faulty assumptions…and I take this privilege to challenge ZERODHA to come up with facts regarding even 20 active traders of the variety as mentioned above and whether they were alive in this market after even 2-3 months with the amount of capital they started with

Look here point is very simple…no one makes money just because the brokerage he gave was less…A person who can not make money @3 paisa brokerage charges is definitely not going to make money even @.5 paisa…or @RS. 20 flat as brokerage…

At the same time ZERODHA makes great sense to a compulsive trader who needs to trade always…one would be saving a lot in terms of brokerage…so please do not propagate this fallacy of 2.5 lacs of brokerage vs. 25k of brokerage…that person who indeed made money because of low brokerage at least can not be found on this planet earth…he must be on moon…at the same time there are a very rare variety of traders who have indeed worked hard and are able to make money.probably 1 in a 100…ZERODHA does make immense sense to this rare breed also…

@PGDIMES…just wrote what I felt…took inspiration from you…and I assume you have been in the markets long enough to concur with the facts I have stated..

Trading strategy and money management are the most important aspects of trading. But for any business to succeed long term the key is low overhead cost. In the business we are in, we know what that is.... You could have an awesome strategy and still get hit because of the costs....
You can't take a ferrari and race a dakar rally...

You can always agree to disagree...

The very reason this business exists is because all of us have different views on the same underlying... The day all of us agree, I guess we won't have anything to trade on... .... Now we would not want that to happen, do we??? ....

Good weekend to all !!!!

on a lighter note: why can't I get to interact with any women on this site??? ... Don't get any opportunity to flirt!!! ... The one profile which had a lady's photo, turned out to be a spammer!!!

 

[Zerodha]

Hi Everyone,

Just wanted to post a broker comparison contract note, that made me really happy. I'm comparing Zerodha and India Bulls. Why iBulls? Because after trying a hundred brokers in India, I finally found them to be bearable (not really!) in terms of service, software and cost. I could have compared Share Khan too but they're nothing close in terms of costs, although their service is good, their software is full of glitches but a nice little charting tool for beginners.

Now, before someone jumps down my throat in paranoia, saying that I must work for Zerodha etc (every time someone suggest a product on TJ, someone seems to do that) let me say, don't be so obtuse! I don't work for Zerodha, I'm a full time trader/investor and I do not care to hold another job, when I already have one & when I do what I love, trade & invest 24/7.

Anyway Zerodha and iBulls it is, and below are the contract notes.
My conclusion is that Zerodha has great service, the friendliest and quickest people in the business and NOW is extremely dependable and quick.
The below contracts show Nifty F1 single contract traded and it's costs when traded through both the brokers. Final cost comparison comes down to Zerodha charging me Rs.163 whereas iBulls charging me Rs.621 which means I pay only about 25% of what I used to of-course the large saving in charges is because of Zerodha's low brokerage.
They are overall much better than iBulls in my experience, like I mentioned earlier not just in terms of brokerage but great service... and the trading costs are very very very low, which means I get to take home even more.

@ravi, this is you comparing us with a trade of 1 lot... The real difference comes in when you compare with 2, 3 lots or more....

 

[ocil]

Can any one advice me how to add Gold ETF in now? Also can we buy gold ETF in Now ? Thanks for help

 

[prktrade]

On the NOW platform, add the scripts... right click and use write to excel... Also check out link to excel option...

The write to excel options opens a static sheet with the current market watch as displayed in NOW.

The link to excel option does not update the static rates. I would have to close the current sheet and reopen another one using write to excel option again.

Is there some backend setting that needs to be enabled to have a realtime updating excel sheet for rates from the NOW terminal?

 

[respectinvestor]

@ravi, this is you comparing us with a trade of 1 lot... The real difference comes in when you compare with 2, 3 lots or more....

@ZERODHA:
I cant help it .I have enough reasons to respond to what Mr. Ravi Chandra has presented as a comparison between charges by Indiabulls and Zerodhaand considering the number of THANKS he has been able to generate(8,it includes one by me also) I have some serious reasons to bust the myth being propagated.
First of all @Mr. Ravi Chandra a trader/investor couple active in the markets for the last 4 years trade @10 paisa(.1%) in the futures segmentI can understand it Any trader will tell that nowadays no one trades for more than 5 paisa(that too if someone is new to the market)..generally any trader shall be able to negotiate @3 paisa/2paisa..
Again. Mr. Ravi Chandra has presented a beautiful contract note he looses only Rs. 1871 trading with Indiabulls @ an exorbitant brokerage of 10paisa and he looses Rs. 2413 trading with ZERODHA @ Rs. 20/lotThe minimum I expected from Mr. Ravi Chandra was to have presented a contract note where to say the least he made some moneylesson: one can never make money just because the brokerage charged is less and his contract note is a beautiful admission of whatever I have written in my earlier post to ZERODHA..Mr. Ravi should seriously thank Indiabulls because comparatively he lost Rs.542 less at Indiabulls..and to add further Mr. Ravi would also like people to follow him in the Turning point by Neha and Ravi.reasons to follow him are adequately presented in the contract note where he looses 2413+1871=4284 in 2 lots of NIFTY.at least I would like to thank you for your honesty.Now please do not tell that it was a carried over position as an afterthoughtand that ultimately you made a lot of moneyNow Mr. Zerodhawould you like me to compare the charges with ICICI where one lot is charged @5 paisa and second leg Rs. 15..and ICICI is rumoured to be the one charging the highest in the broking fraternity..

@Zerodhawont like to elaborate it further as I know you would have understood ..at the same time you make immense sense and a great value for money but to compare your charges by giving these sort of illustrative example which are far removed from the real world of tradingand again this type of brokerage being paid by a person who claims to have been in the market for last 4 yearsmakes for a good enough reason to question the credentials of the person and the actual intent behind it..:lol:

No need for such extreme examplesI have understood the entire value proposition brought by you and and I will be shortly opening an account with youI have been taking feedback on NSENOW terminal as my real concerns lie there and till now overall the feedback has been good.and ZERODHA is here to rock the worldplease understand one thingthe actual traders will be able to see through boththe absurdity of example given as well as the immense value ZERODHA brings as far as brokerage is concerned..Count me in.I will be with ZERODHA shortly but of course not because I am impressed by some illustrations as presented earlier..:clapping: .

 

[mprakash1972]

friends i am with zerodha for the past 10 months and i usually trade OTM call options intraday.i have been mostly successful and the 20RS/trade enable me to earn more.the fact is that no one in india offers F&O at flat 20Rs/trade ( R K Global charges Rs9/lot).so in my opinion zerodha is best for F&O segment.
best wishes and regards,
mprakash

 

[respectinvestor]

friends i am with zerodha for the past 10 months and i usually trade OTM call options intraday.i have been mostly successful and the 20RS/trade enable me to earn more.the fact is that no one in india offers F&O at flat 20Rs/trade ( R K Global charges Rs9/lot).so in my opinion zerodha is best for F&O segment.
best wishes and regards,
mprakash

U r absolutely correct that going as par the brokerage structure ZERODHA offers values unmatched by the industry and once anyone does even 2 lots with ZERODHA at one go ...it becomes as good as RKGLOBAL..and anyone doing more than 2 lots at one go... ZERODHA can't be a match for anyone..I don't know about R K Global but as far as ZERODHA goes they have one of the most transparent charges in the broking industry. I have serious doubts with regards to other charges being charged by R K Global.. this is one grey area where brokers charge more than what is stipulated by SEBI/NSE and its a trading cost. So I do have reasons to believe that may be even @ 1 lot ZERODHA is unmatched in the industry....and they have been able to herald a revolution in the Broking Industry..

 

[CASPER]

@ZERODHA:
...... …he looses only Rs. 1871 trading with Indiabulls @ an exorbitant brokerage of 10paisa and he looses Rs. 2413 trading with ZERODHA @ Rs. 20/lot…
........Mr. Ravi should seriously thank Indiabulls because comparatively he lost Rs.542 less at Indiabulls..
.... .

Respectinvestor...,

I really Like the Way you write..., I some times wonder how much of time this person has to write Such long Posts ....

Now to cut Short the Story Isnt it that Mr Ravi lost 2413 with zerodha because the difference between buy and sell was -45pts(4890-4845) but his trade with Indiabulls he lost ONLY 25pts (5065-5040)..., Hence if he had lost 45 pts in Indiabulls as well his total loss would have been 2871 (1871 + (50*20pts diiff) ...

Have I missed Something ......

 

[respectinvestor]

Dear @CASPER
First of all thanks for liking the way I write at the same time its no one's business as to how much time I have to write such long posts..my intent is very clear...I would like people not to be misguided..Any person who has been a trader will be able to see through the comparison as presented...I have never disputed the fact that ZERODHA makes a great value proposition in terms of reduced brokerage...they are the best...what I pointed out was the fact that this person who claims to be a trader active for last 4 years is paying a brokerage @10 paisa in futures..even ICICI which is reputed to be as one charging the highest brokerage in the industry charges only 5 paisa in futures and for intra-day square-off transaction it charges Rs.15 on second leg...on the same contract @5 paisa with second leg charged @Rs.15 one would have paid only Rs. 161 @ICICI which is less than what this person was charged @ZERODHA...transaction [email protected]% service tax on it 10.3% of TC..Stamp duty @.002%..u do the mathematics yourself...u can seek my help ...STT would remain same...so the comparison done was not in line with the general trend...if you are a trader yourself...you will definitely concur..at the same time anyone doing more than 2 lots ..ZERODHA is the answer...and I for one would be definitely taking advantage of reduced brokerage @zerodha...Happy Trading...any help with Mathematics..reply I will do the maths for u....:clapping::clapping:

 

[respectinvestor]

@CASPER
there is no need to point out as to how much time I have to write such long posts...if you are a trader and if you see through my posts you will realize that I am a person who writes only facts...practical aspects....not assumed or illussionary part of trading..and you are correct to an extent that I have too much time at my disposal..I am a full time trader...no other work...Traderjee has a novelty value which I am enjoying at present like Facebook and this novelty value will also die with time....till then I will try to bring value to this forum in the form of long posts and I am very sure people will benefit...I have been privy to one of the biggest HNI desk in the country of one of the biggest brokers in the country and I have seen all these crorepatis in the market loosing money in the market and hankering after brokerage reduction and the only man among these bunch of loosers was a young boy who never asked for brokerage reduction and he was the only person who used to make money through trading...Perils of trading....these bunch of suckers who change brokers only to loose the money again and again...looking for a holy grail in the form of reduced brokerage instead of devoting time on studying technicals and fundamental forces driving the stock prices...I hope u understand me...:clapping: