Zerodha....

[Newbie Day-Trader]

Hi newbie, brokers who have office in Karnataka and have clients here , they have to charge according to here...In Mahrashtra it is 0.002%....

But if you are following the news, uniform stamp duty and reduction of STT is very nearby....

Cheers...

As you might've noticed by now, I don't really trust the stupid government to do anything right, all they do is steal from us so if they reduce SD & STT (or rather steal less from us, to be precise) then well & good but I don't know if it's a guaranteed deal as of now, it doesn't take much for government to change its mind, especially when it comes to stealing from the people. So as I've said, I wouldn't hold my breath for it (By the way, are those reductions equally applicable to commodities as well? I googled & the articles mostly seem to be talking about equities)

Dear ZERODHA,

Thanks for consider 0.01 % 0r 20 Per ...whichever is lower, beneficial for low volume trader. I hope you will not lost much revenue. Now I am hoping for do some thing to beneficial for high volume traders, daily brokerage is more than Rs xxxx (in 4 digit). So it will compensate your revenue. I hope understand my request and please call me if possible. Thanks

.... High volume traders can't get a better deal then us can they??? Had a guy sell 50lks of Reliance from demat in one trade and paid Rs 20... ... Damn!!! ...... Will call you back...

Oh no, I am not asking any new slab.....I will wait of your call ...Thanks

So where did this conversation end? What did Mr. Shabsaif suggest? Just curious





Query about MCX margins

Ok, I'm not planning on taking deliveries as such but just curious & I guess you'd've a good idea about it.....

If we look here - http://www.mcxindia.com/SitePages/DailyMargin.aspx, on the 4th page, the margin for GoldGuinea-30SEPT2011 is 29.01% (Initial 8.01% + Tender 21.00) while the Delivery Period Margin is 25% as specified on far-left as well as Contract Specification SO does that mean that Delivery Period Margin (tomorrow onwards) for this contract will be 25% only or will it be 29.01% + 25% = 54.01%? If it's the former then wouldn't it be kind of weird to have your margins go DOWN for the Delivery Period instead of them going UP!

May be a noob question but hey, what else do you expect from a newbie! :lol:

 

[shekharinvest]

But if you are following the news, uniform stamp duty and reduction of STT is very nearby....

Cheers...

Today's Economic times has a news article which suggest that several European Govts. are serious about imposing Financial Transaction Tax (FTT) on all financial instruments. Do you think our govt. will move in the other direction.


"very nearby..."

Govt. passed the first version of Lokpal bill in 1969 and now in 2011 it says things can't be rushed thru. :annoyed:


SHEKHAR

 

[Newbie Day-Trader]

Today's Economic times has a news article which suggest that several European Govts. are serious about imposing Financial Transaction Tax (FTT) on all financial instruments. Do you think our govt. will move in the other direction.


"very nearby..."

Govt. passed the first version of Lokpal bill in 1969 and now in 2011 it says things can't be rushed thru. :annoyed:


SHEKHAR

Well, if European governments impose transaction taxes then in all likelihood, the current proposal of their reduction in India will be as good as dead I think because many of the investors & market-experts always point out that Europe & US don't have such taxes & therefore their markets attract more investors/traders & are more liquid so if they put such taxes then our smart politicians will be like "see, we were years ahead of them" :rofl:

Funny isn't it, that the European countries & US have destroyed themselves through socialism & now they're so broke that their governments are looking to steal even more every way they can to keep offering the "free" socialist services! Oh, the wonders of democracy (mobocracy to be precise) & socialism!

As for the Lokpal Bill, well, that certainly gives us an idea of how governments work & how "quickly" they implement their proposals :rofl:

 

[meherp]

Thanks Zerodha.

Meher, when you buy an option the maximum risk is to the extent of the premium... So if you buy an option at 80, the max you can loose is 80... so when buying yoiu need only 80*50 that is 4000.... When writing(selling without holding) the risk you carry is unlimited and hence exchange blocks a margin that has to be maintained in the account at every point of time...

This margin amount usually is around the futures margin for in the money options and as and when it goes out of the money, it keeps reducing...
a premium of 80, margin required to write will be around 20-23k for overnight and 40% of this for intraday positions...

 

[Bigbear]

Hi Sachin/hari,

I recently got to know that there is no overnight SL , we need to enter SL everyday . Do you have any reason as to why this is not implemented?

Is the 20Rs OR 0.01% brokerage applicable from monday?

Thank you

 

[Trader J]

Hi Zerodha and Everyone,

I am new in ""Traderji"" , found good plateform for trader community.

Last week , I started searching Traderji. I read "Zerodha Thread" all of 457 Pages (I dont know may be I miss lots), Intresting........

I sent Email to Zrodha also....I think Its very good new concept of Low brokerage etc ...Hope evetrything will be good. Thanks All

 

[Newbie Day-Trader]

Hi Sachin/hari,

I recently got to know that there is no overnight SL , we need to enter SL everyday . Do you have any reason as to why this is not implemented?

That's how system in India is designed I think

Hi Zerodha and Everyone,

I am new in ""Traderji"" , found good plateform for trader community.

Welcome to Traderji I also joined a couple of weeks back (had been lurking for a couple before that) & I agree, it's a really good place for all the Indian investors/traders, especially for new ones to learn from

Last week , I started searching Traderji. I read "Zerodha Thread" all of 457 Pages (I dont know may be I miss lots), Intresting........

I sent Email to Zrodha also....I think Its very good new concept of Low brokerage etc ...Hope evetrything will be good. Thanks All

Yeah, I also read the whole thread. Oh boy! That was a bit of a herculean task!:lol: As has been requested in this on numerous occasion, I think the first page itself should contain a summary of the whole thing, that'd save a lot of us a lot of time

 

[respectinvestor]

@ZERODHA.....

Great work in terms of reduction in brokerage...:thumb:

and now that you have given a new meaning to the term brokerage...

we demand everything from you.....

why not charge stamp duty .002% even though karnataka govt. levies .01% or rs.50 whichever is lower...

why not give a charting platform like Amibroker or Metastock even though subscription to them costs anywhere from 15000-40000 :annoyed:

We expect you to do social service by giving freebies to some newbies....so that they neither pay stamp duty, get a wonderful charting platform @ zero cost....it would be better still if you charge zero brokerage from them...but again who will bear the statutory costs...we can make a pool and everyone contributes to it so that they trade for free...and since you yourself decided that you are going to charge so less who else but Zerodha to blame for raising our ambitions

Do it as soon as possible so that we get rid of someone who does not want to pay anything...and better still if you can contribute around 1 lac so that he can trade also:clapping::clapping::clapping:

 

[krishere]

@respectinvestor..... You have gained a lot of my respect....

@ZERODHA.....

Great work in terms of reduction in brokerage...:thumb:

and now that you have given a new meaning to the term brokerage...

we demand everything from you.....

why not charge stamp duty .002% even though karnataka govt. levies .01% or rs.50 whichever is lower...

why not give a charting platform like Amibroker or Metastock even though subscription to them costs anywhere from 15000-40000 :annoyed:

We expect you to do social service by giving freebies to some newbies....so that they neither pay stamp duty, get a wonderful charting platform @ zero cost....it would be better still if you charge zero brokerage from them...but again who will bear the statutory costs...we can make a pool and everyone contributes to it so that they trade for free...and since you yourself decided that you are going to charge so less who else but Zerodha to blame for raising our ambitions

Do it as soon as possible so that we get rid of someone who does not want to pay anything...and better still if you can contribute around 1 lac so that he can trade also:clapping::clapping::clapping:

 

[Zerodha]

Hi Sachin/hari,

I recently got to know that there is no overnight SL , we need to enter SL everyday . Do you have any reason as to why this is not implemented?

Is the 20Rs OR 0.01% brokerage applicable from monday?

Thank you

Hi,

All orders that are placed on the exchange is removed from the cache memory at the end of every day and hence you have to place the orders everyday....

It is already applicable on currency, for equities might take wednesday before it is done...

Cheers..