Zerodha....

[Zerodha]

what is the point in returning money to someone who is already making it from the market.... Your brokerage would mean nothing to him....

You must refund money(brokerage) to the ones who lose it for 7 consecutive days... That would puch people to try commodities.... Coz ppl generaly stay away from them considering them risky....

@krishere, who gets the man of the match award in a one day match?? The guy who scores the century or the one who gets a duck??? What if man of the match is given to the guy who scores the least??? ...

The idea is to reward people who are profitable and motivate others to get there as well...

Our name is created by the fusion of the English word “Zero” and the Sanskrit word “Rodha” meaning barrier. So basically we are trying to remove all barriers to trading(brokerage).......With this new proposition, with a little effort from your side( making money for yourself ) , you would not have to worry about brokerage ever again...

Bakrid Mubarak to all of you!!!!

 

[avi1984]

Sachin,

I think having a continuous streak of winning trades is very difficult so the incentive can be given to one with 80-90% successful trades or some percentage like that.

 

[Zerodha]

To clarify with an example, if u start day 1 with 1lk and on 60th day you have 1.01 lk, u r profitable and Doesnt matter how many winning trades u have... we want u to be profitable and thats it

 

[poortrader]

To clarify with an example, if u start day 1 with 1lk and on 60th day you have 1.01 lk, u r profitable and Doesnt matter how many winning trades u have... we want u to be profitable and thats it

Wow that sounds enticing...:thumb:
You mean after 60 trading days I guess..You are really going to close some offices for sure...

 

[krishere]

I get what you say and it kinda makes sense....

1. Coz if you advertise saying we will refund money if the client loses.... the reaction of people may be negative.... But for the sake of it, lets say this can be curtailed by some imaginative advertising and catchy lines....

2. There are more losers than winners so may actually have to return a lot of money....

Hmmmm..... Quite a tough call.....

@krishere, who gets the man of the match award in a one day match?? The guy who scores the century or the one who gets a duck??? What if man of the match is given to the guy who scores the least??? ...

The idea is to reward people who are profitable and motivate others to get there as well...

Our name is created by the fusion of the English word Zero and the Sanskrit word Rodha meaning barrier. So basically we are trying to remove all barriers to trading(brokerage).......With this new proposition, with a little effort from your side( making money for yourself ) , you would not have to worry about brokerage ever again...

Bakrid Mubarak to all of you!!!!

 

[avi1984]

To clarify with an example, if u start day 1 with 1lk and on 60th day you have 1.01 lk, u r profitable and Doesnt matter how many winning trades u have... we want u to be profitable and thats it

Even better an idea buddy.

but then if newbies like me trade only on the 59th day and say make a profitable trade and hope no one noticed, would you comply?
well, u get the idea... so the usual q's eligibility criteria, min trades n so on will arise. Im sure you will give full details in due course, wonderful inititative though.
:clapping:

 

[sumosanammain]

Even better an idea buddy.

but then if newbies like me trade only on the 59th day and say make a profitable trade and hope no one noticed, would you comply?
well, u get the idea... so the usual q's eligibility criteria, min trades n so on will arise. Im sure you will give full details in due course, wonderful inititative though.
:clapping:

I am sure getting back 20 rs in 60 days would make you a very happy man
Max you would do 20 trades in the day? that would be max 400 rs. Damn, I could buy a lear jet with that kind of money. The smaller scale models are available for that kind of money

 

[shabsaif]

Nithin says Quote " On the verge of starting commodities broking(0.01% or Rs 20 per executed order whichever is lower) we need an opinion from all of you.. When I was in school my dad had promised me a hero ranger cycle if I scored above 80% and that was the only year I scored over that ..We are not happy by offering you only a low cost platform, we want everyone involved to make money as well... So would it help if we said(for commodities trading only), You make money for yourself trading commodities for 60 trading days together and as an incentive we refund you whatever little brokerage charged??? Let us know what you think. You can also shoot an email to [email protected] to bounce off any other idea that you think might spice it up for you. ...

You said "we are not happy by offering you only a low cost platform, we want everyone involved make money as well.." so geting back all brokerage (that’s Very low) you have to work hard for 60 days and your balance sheet should be marginally plus.

I would say as per my experience trading need lot of skills, and low cost or zero brokerage never help or any surety that some one always earn good profit. R K Global was first brokerage house who introduce Zero brokerage in Cash (Equity) trading (Intraday, delivery @ Rs 999 per month ) but I don’t know what is the success rate increase of traders. After that Bajaj Capital offer only Rs 699 per month plan for unlimited trading in NSE cash equity (Zerodha charges Rs 700 only 35 Executed Order in Equity).

 

[avi1984]

I am sure getting back 20 rs in 60 days would make you a very happy man
Max you would do 20 trades in the day? that would be max 400 rs. Damn, I could buy a lear jet with that kind of money. The smaller scale models are available for that kind of money

:lol:
that sounds ridiculous, i know...but the point i was driving at is if i make say 20 trades in the 60 day period...i stand to gain say 400 rs which still is a lot of money...i make intraday trades with small bet small profit/loss strategy. So u get my point.

Fr me i want to make atleast 50-100rs a day consistently to get into profit making habbit. Then once i get enough experience n confidence will try betting big.

 

[hc9001]

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