Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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Respectinvestor,
My post was meant ONLY to point out that Mr Ravi "Did not save Rs 542 by trading with Indiabulls" as per YOUR statement...,
http://www.traderji.com/brokers-trading-platforms/47790-zerodha-444.html#post588751
Because he lost 45pts in Zerodha whereas he lost ONLY 20pts with Indiabulls.
And you reply .....,
What a kind gesture from you respectinvestor...Thanks ...:clapping:...., Now mathematics yes..!!!,Would you be kind enough to explain with mathematics how did you make the below statement...,
My post was meant ONLY to point out that Mr Ravi "Did not save Rs 542 by trading with Indiabulls" as per YOUR statement...,
http://www.traderji.com/brokers-trading-platforms/47790-zerodha-444.html#post588751
Because he lost 45pts in Zerodha whereas he lost ONLY 20pts with Indiabulls.
And you reply .....,
What a kind gesture from you respectinvestor...Thanks ...:clapping:...., Now mathematics yes..!!!,Would you be kind enough to explain with mathematics how did you make the below statement...,
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R
Dear @ CASPER
It appears you have hardly studied the reply given by me and tried to understand the message I tried to deliverand if you have still not understood the messageI will elaborate it so that u get the irony in my statement .and it raises serious doubts as to whether you are a trader (I suppose you also pay 10 paisa in futures which only few people like trader investor couple for 4 years or may be even my dear CASPER active in the market for so many years pays)
1.) The comparison is seriously flawed and lacks credentialsthe said person who has uploaded the contract note is charged @10 paisa in the futures and he claims to have been active in the market for 4 yearsdo you want me to believe this crap?It leads to suspicion that the person has purposely not asked for brokerage in tune with current rates in the industry and he had some hidden purpose behind giving 10 paisa in brokerage and then promptly uploading it to show how he has been lootedI seriously do not know whether you are a trader or not.but any trader will tell you nowadays no one gives 10 paisa in brokerage in futuresso this illustration does not make any sense .and more you write that this is the brokerage being charged more susceptible you will be of inviting ridicule from the trading communitywho can at one go understand the truth behind my statement..
2.) The purpose behind my writing that he looses less at Indiabulls compared to ZERODHA is an ironyyou are absolutely correct when you correctly interpret that had he lost similar points with Indiabulls he would have lost more at the same time you are completely wrong when you fail to understand the message behind it..the message is no one makes money just because his brokerage is less..had this been the case then the only people making money would be the clients of Bezel, R K Global and our own ZERODHA..the point is very simple if you can not make money at 2 paisa or 3 paisa or 4 paisa brokerage you wont make money @Rs.20 flat alsoat the same time it helps if one pays less on brokerage and the truth of my statement was amply illustrated by the contract note itself..the said person lost money at ZERODHA as well as Indiabullsreduction in brokerage never helped him make money..one makes money by studying the technicals and the underlying fundamental forces and following related news events of the stocks one is trading and never by just paying a reduced brokerage
3.) Well the mathematics I referred to was if you calculate the brokerage that person would have paid had he made similar trades @ICICIwhere he would have been charged 5 paisa on one leg and Rs. 15 on the second leg..and how strangehe would have paid less at a broking firm which is supposed to charge the highest in the industrybut he deserves serious congratulations for finding a broker like Indiabulls which charged him @10 paisa and this Indiabulls was charging 3 paisa even in 2004 and this person in year 2011 after having 4 great years as investor trader couple somehow finds a broker which charged him 10 paisa in futures..is not this really strange?
I hope you would have understood what the message wasstudy harddevote your time on technicals and fundamentals and when you become a trader who does good volumes go to Zerodha because then you can save a lot on brokerage but not because someone put up a contract note where he was charged @ 10 paisa and so ZERODHA appears cheap and you think that the only way to make money is to get a reduced brokerage.Look at the person whose contract note is the reason we are writing to each other..he lost at Indiabulls and he lost at Zerodha..and he lost more at a place where his brokerage was less..understand the message dear,,,
:clap::clap:
It appears you have hardly studied the reply given by me and tried to understand the message I tried to deliverand if you have still not understood the messageI will elaborate it so that u get the irony in my statement .and it raises serious doubts as to whether you are a trader (I suppose you also pay 10 paisa in futures which only few people like trader investor couple for 4 years or may be even my dear CASPER active in the market for so many years pays)
1.) The comparison is seriously flawed and lacks credentialsthe said person who has uploaded the contract note is charged @10 paisa in the futures and he claims to have been active in the market for 4 yearsdo you want me to believe this crap?It leads to suspicion that the person has purposely not asked for brokerage in tune with current rates in the industry and he had some hidden purpose behind giving 10 paisa in brokerage and then promptly uploading it to show how he has been lootedI seriously do not know whether you are a trader or not.but any trader will tell you nowadays no one gives 10 paisa in brokerage in futuresso this illustration does not make any sense .and more you write that this is the brokerage being charged more susceptible you will be of inviting ridicule from the trading communitywho can at one go understand the truth behind my statement..
2.) The purpose behind my writing that he looses less at Indiabulls compared to ZERODHA is an ironyyou are absolutely correct when you correctly interpret that had he lost similar points with Indiabulls he would have lost more at the same time you are completely wrong when you fail to understand the message behind it..the message is no one makes money just because his brokerage is less..had this been the case then the only people making money would be the clients of Bezel, R K Global and our own ZERODHA..the point is very simple if you can not make money at 2 paisa or 3 paisa or 4 paisa brokerage you wont make money @Rs.20 flat alsoat the same time it helps if one pays less on brokerage and the truth of my statement was amply illustrated by the contract note itself..the said person lost money at ZERODHA as well as Indiabullsreduction in brokerage never helped him make money..one makes money by studying the technicals and the underlying fundamental forces and following related news events of the stocks one is trading and never by just paying a reduced brokerage
3.) Well the mathematics I referred to was if you calculate the brokerage that person would have paid had he made similar trades @ICICIwhere he would have been charged 5 paisa on one leg and Rs. 15 on the second leg..and how strangehe would have paid less at a broking firm which is supposed to charge the highest in the industrybut he deserves serious congratulations for finding a broker like Indiabulls which charged him @10 paisa and this Indiabulls was charging 3 paisa even in 2004 and this person in year 2011 after having 4 great years as investor trader couple somehow finds a broker which charged him 10 paisa in futures..is not this really strange?
I hope you would have understood what the message wasstudy harddevote your time on technicals and fundamentals and when you become a trader who does good volumes go to Zerodha because then you can save a lot on brokerage but not because someone put up a contract note where he was charged @ 10 paisa and so ZERODHA appears cheap and you think that the only way to make money is to get a reduced brokerage.Look at the person whose contract note is the reason we are writing to each other..he lost at Indiabulls and he lost at Zerodha..and he lost more at a place where his brokerage was less..understand the message dear,,,
:clap::clap:
R
Dear @CASPER
did you really understand what I was trying to convey or you just gave up..I do not know really...at the same time I hope I did not hurt you in any way..look here...I am a full time share trader and life of a trader is very lonely...although I had made an account in traderji way back in 2006 I think.... I was never active...facebook and now traderji are useful distractions from my activities 80% of which is spent on a terminal....and I have seen this market for quite long...so since I have started posting very recently...I am unable to stop myself from writing whenever I find that facts are being presented in a twisted form...I want people to be understand the realities of trading and not the imaginary or illusionary aspects of it which some people try to convey for their own benefit....Happy Trading and Best of Luck...Regards...
did you really understand what I was trying to convey or you just gave up..I do not know really...at the same time I hope I did not hurt you in any way..look here...I am a full time share trader and life of a trader is very lonely...although I had made an account in traderji way back in 2006 I think.... I was never active...facebook and now traderji are useful distractions from my activities 80% of which is spent on a terminal....and I have seen this market for quite long...so since I have started posting very recently...I am unable to stop myself from writing whenever I find that facts are being presented in a twisted form...I want people to be understand the realities of trading and not the imaginary or illusionary aspects of it which some people try to convey for their own benefit....Happy Trading and Best of Luck...Regards...
@respect investor,
Don't paint everyone with the same brush!!! We are trying to do this business in a different way... We have told so many clients not to switch to us just to sell 5000 Rs of delivery shares... We let go of 4000 prospects from Infosys, because these guys were looking at Zerodha to sell 5k worth of shares... With us they have to pay amc for demat, whereas icicidirect was letting them to do it without any amc....We explained the math to those guys and let go of the business...
About the contract note, If we had to post it as a comparison, do you really think I would have done a comparison of trading 1 lot of nifty ??? At 1lot of nifty, the stamp duty component with us is the highest because of the Karnataka Stamp duty act...The math you gave with icici, nifty@ 5000, 0.05% at buying would be a brokerage of 140(considering selling side at 15)...transaction of : Rs 10, Service tax of 15, STT of 50, and stamp of 10 adding upto 225 and not the 165 you mentioned.... Also as I said, for this trade stamp duty with us will show so much more bigger(Rs40 more) and this will keep reducing as and when you put more trades.... So, considering your same example, if a client was from Blore and had placed the same trade(stamp duty was the same), he would have paid around 260 as brokerage with icici and 160 with us...A guy who trades only 1 lot will probably have a trading capital of 50k in his account, In a month(25 trading days) considering the smallest trade he would have still saved 2000 to 2500 in brokerage( 4-5% of his trading capital).....
Coming back to the comparison, If we had to really put up a comparison contract note, I would have put up a trade of 10 lots, which would have shown brokerage with say an icici at Rs 1500 and Rs 40 with us... Would have looked so much better wouldn't it???
Walk into an indiabulls office and tell them that you want to trade the markets and pretend to be a newbie and know nothing about the brokerages. You are a brokerage target to the RM who meets you at his office...walkout with a trading account and do a trade, you will realize that by default he is going to put 0.1% for f&o trades, if he realizes that you know nothing about the business...That said, there are also a lot of people, who never really question about the brokerages and let the RM's take you for a ride... I have had instances where clients believe because a broker lets him trade nifty at 10k per lot intraday he can charge him 3 times more and etc..Seems unreal for a lot of us, but happens.. Strange things happen at a lot of these midsized brokers...... This way icicidirect is much better because they atleast post on the website what they charge.....
If you click on the traderji id, you can view all the posts put by that particular person....Ravi is probably one of the only few guys on this forum who doesn't hide behind pseudo names or id's...He shares his trade ideas, good or bad, and I don't know if I also could do something like that...Letting go of ego and being able to do it is not a small deal.... I am very sure, if you share your email id, he will definitely forward you his contract note...Not that he has to, but it is not fair for you to question someone's integrity...
Low brokerage is not the only USP we have... The way we serve our customers is also pretty unique...Keeping up with this we are venturing to a newer bunch of things in the next few months, which will definitely help traders in general....
If you have the patience to go through the thread, I have always posted that, money management and trading strategy are the most important things to trading... That said, your cost also is a very important component!!!...A lot of threads discuss about trading strategy and money management techniques...
I understand that you want to add value to the forum, but right now it feels more like you are just looking for a confrontation....This thread is being used for me as a rep for Zerodha to be interacting with clients and prospects to understand how the business works with us and answer any queries regarding the same...Will appreciate, atleast for this thread that you stick to the same...
Don't paint everyone with the same brush!!! We are trying to do this business in a different way... We have told so many clients not to switch to us just to sell 5000 Rs of delivery shares... We let go of 4000 prospects from Infosys, because these guys were looking at Zerodha to sell 5k worth of shares... With us they have to pay amc for demat, whereas icicidirect was letting them to do it without any amc....We explained the math to those guys and let go of the business...
About the contract note, If we had to post it as a comparison, do you really think I would have done a comparison of trading 1 lot of nifty ??? At 1lot of nifty, the stamp duty component with us is the highest because of the Karnataka Stamp duty act...The math you gave with icici, nifty@ 5000, 0.05% at buying would be a brokerage of 140(considering selling side at 15)...transaction of : Rs 10, Service tax of 15, STT of 50, and stamp of 10 adding upto 225 and not the 165 you mentioned.... Also as I said, for this trade stamp duty with us will show so much more bigger(Rs40 more) and this will keep reducing as and when you put more trades.... So, considering your same example, if a client was from Blore and had placed the same trade(stamp duty was the same), he would have paid around 260 as brokerage with icici and 160 with us...A guy who trades only 1 lot will probably have a trading capital of 50k in his account, In a month(25 trading days) considering the smallest trade he would have still saved 2000 to 2500 in brokerage( 4-5% of his trading capital).....
Coming back to the comparison, If we had to really put up a comparison contract note, I would have put up a trade of 10 lots, which would have shown brokerage with say an icici at Rs 1500 and Rs 40 with us... Would have looked so much better wouldn't it???
Walk into an indiabulls office and tell them that you want to trade the markets and pretend to be a newbie and know nothing about the brokerages. You are a brokerage target to the RM who meets you at his office...walkout with a trading account and do a trade, you will realize that by default he is going to put 0.1% for f&o trades, if he realizes that you know nothing about the business...That said, there are also a lot of people, who never really question about the brokerages and let the RM's take you for a ride... I have had instances where clients believe because a broker lets him trade nifty at 10k per lot intraday he can charge him 3 times more and etc..Seems unreal for a lot of us, but happens.. Strange things happen at a lot of these midsized brokers...... This way icicidirect is much better because they atleast post on the website what they charge.....
If you click on the traderji id, you can view all the posts put by that particular person....Ravi is probably one of the only few guys on this forum who doesn't hide behind pseudo names or id's...He shares his trade ideas, good or bad, and I don't know if I also could do something like that...Letting go of ego and being able to do it is not a small deal.... I am very sure, if you share your email id, he will definitely forward you his contract note...Not that he has to, but it is not fair for you to question someone's integrity...
Low brokerage is not the only USP we have... The way we serve our customers is also pretty unique...Keeping up with this we are venturing to a newer bunch of things in the next few months, which will definitely help traders in general....
If you have the patience to go through the thread, I have always posted that, money management and trading strategy are the most important things to trading... That said, your cost also is a very important component!!!...A lot of threads discuss about trading strategy and money management techniques...
I understand that you want to add value to the forum, but right now it feels more like you are just looking for a confrontation....This thread is being used for me as a rep for Zerodha to be interacting with clients and prospects to understand how the business works with us and answer any queries regarding the same...Will appreciate, atleast for this thread that you stick to the same...
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hi zerodha why not come up with a plan for traders who trade less though i am not one of then its just a advice like 10 rs per lot or 10 rs per trade for single lot traded or say
10 rs for value upto 3 - 4 lacks of trade and then 20 rs for the rest
you should also consider providing margins for selling nifty futures/ options against stocks that we hold so that i and other like me can also open an account with you
SEBI margin rules are not stoping you from providing margins i can assure you that
If you cant provide margins due to some system limitataions as of now that is a different STORY
MAYANK
10 rs for value upto 3 - 4 lacks of trade and then 20 rs for the rest
you should also consider providing margins for selling nifty futures/ options against stocks that we hold so that i and other like me can also open an account with you
SEBI margin rules are not stoping you from providing margins i can assure you that
If you cant provide margins due to some system limitataions as of now that is a different STORY
MAYANK
R
@ZERODHA....
First of all no one is lookung for any kind of confrontation....point is very simple...
1)If I point out to the fact that someone claiming 4 years as active trader and comes up with a contract note where he is chargef 10 paisa and I say this is an unrealistic comparison is this confrontation?
2.)if I point out to actual comparison based on 5 paisa and second leg Rs.15 which is again on the higher side (most of the traders trade for 2 paisa/3 paisa) is this confrontation Rs. 40/50 here or there does not negate the point I was making that comparison should be based on realities not on one off case....
3.)I have always maintained that ZERODHA brings a great value proposition unmatched in the industry(kindly read my previous posts also)..is this confrontation?
4.)If I point out to the fact that if one can not make money @3paisa or @2paisa brokerage..he can not make it @Rs.20 flat also...is this confrontation?Any trader will say that I am stating the obvious fact.
5.)You are in a public forum and you can not decide about the boundaries of discussion and what one should stick to...if this is your intention make a page where you can tell everyone that a person with 1 lac will trade 200 nifty in a month and he will save a great lot on brokerage...come on man...he will be dead...and if I point out to this somewhat unpleasant reality of trading ..is this confrontation?
Thanks a lot buddy...still I am a great fan of the value proposition ZERODHA brings...ZERODHA has heralded a revolution...in broking...I like your spirited reply keep on posting...at the same time if you are SACHIN...then I withdraw...because you are the only reason why I wanted to open an account with ZERODHA..with such a nice and prompt person doing excellent customer interface and taking everything head on who won't like to join ZERODHA:clapping::clapping:
First of all no one is lookung for any kind of confrontation....point is very simple...
1)If I point out to the fact that someone claiming 4 years as active trader and comes up with a contract note where he is chargef 10 paisa and I say this is an unrealistic comparison is this confrontation?
2.)if I point out to actual comparison based on 5 paisa and second leg Rs.15 which is again on the higher side (most of the traders trade for 2 paisa/3 paisa) is this confrontation Rs. 40/50 here or there does not negate the point I was making that comparison should be based on realities not on one off case....
3.)I have always maintained that ZERODHA brings a great value proposition unmatched in the industry(kindly read my previous posts also)..is this confrontation?
4.)If I point out to the fact that if one can not make money @3paisa or @2paisa brokerage..he can not make it @Rs.20 flat also...is this confrontation?Any trader will say that I am stating the obvious fact.
5.)You are in a public forum and you can not decide about the boundaries of discussion and what one should stick to...if this is your intention make a page where you can tell everyone that a person with 1 lac will trade 200 nifty in a month and he will save a great lot on brokerage...come on man...he will be dead...and if I point out to this somewhat unpleasant reality of trading ..is this confrontation?
Thanks a lot buddy...still I am a great fan of the value proposition ZERODHA brings...ZERODHA has heralded a revolution...in broking...I like your spirited reply keep on posting...at the same time if you are SACHIN...then I withdraw...because you are the only reason why I wanted to open an account with ZERODHA..with such a nice and prompt person doing excellent customer interface and taking everything head on who won't like to join ZERODHA:clapping::clapping:
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