Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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@Zerodha
I think you missed my question....
http://www.traderji.com/brokers-trading-platforms/47790-zerodha-565.html#post628578
I think you missed my question....
http://www.traderji.com/brokers-trading-platforms/47790-zerodha-565.html#post628578
Re: Zerodha Stamp Duty....
Thanks newbie12345 for your detailed explanation and also for the chart
with detailed explanation.
But, I was referring to what happened on 05.01.2012 during the formation of
02:40 candle. The chart posted by you is today's. Anyway, I have learnt few
things by looking at your chart!
During these days of false break-outs, the delayed data increases the trading
woes. Another problem with delayed quotes is that chances of your order
not getting executed may increase, unless one places market orders!
It's like watching a movie where the video is not in sync with the audio. Not
that you can't follow it, but you would be restless throughout!
Hi Murthy,
I had my eyes glued to the screen and there was a brief pause before Nifty fell through support. Swift moves on GDFL and NOW show the same slackness if you would call it that because they have the same data vendor, DotEx.
I have compared NOW(Zerodha) and NEST(Way2Wealth) with TradeTiger, IIFL and RKGlobals DIET ODIN.
Trust me, TT, IIFL and ODIN are easily half a second to two-three(RKGlobal) seconds behind NOW and you probably know the reason why. Maybe the guy who typed the message did so because he might have seen a HUGE sell order that came through or must be at the desk of some brokerage with the right terminal.
Am attaching the chart where I saw a definite pause before Nifty fell through that trendline support and broke another support level. But hey, we always get caught in such minor details and nag about it when the major move comes only in the last one and a half hours of trade every day where smart money decides the course of the market for the rest of the day and screws greedy day scalpers like me content with making 5 points a trade and then giving up 20-30 points in one ugly move when it really happens.
I took a trial of ManshiRT a long time ago but could never get it to work with NOW so I renewed my subscription with GDFL. All I can say is, the data freeze
from GDFL and on NOW happen at the same time. It is annoying but there is very little one can do about it. GDFL's data feed is flawless except for a few minor freezes once in a while.
Nifty Fut 5 Minutes Chart/
Check the chart... it might probably answer your question.
I had my eyes glued to the screen and there was a brief pause before Nifty fell through support. Swift moves on GDFL and NOW show the same slackness if you would call it that because they have the same data vendor, DotEx.
I have compared NOW(Zerodha) and NEST(Way2Wealth) with TradeTiger, IIFL and RKGlobals DIET ODIN.
Trust me, TT, IIFL and ODIN are easily half a second to two-three(RKGlobal) seconds behind NOW and you probably know the reason why. Maybe the guy who typed the message did so because he might have seen a HUGE sell order that came through or must be at the desk of some brokerage with the right terminal.
Am attaching the chart where I saw a definite pause before Nifty fell through that trendline support and broke another support level. But hey, we always get caught in such minor details and nag about it when the major move comes only in the last one and a half hours of trade every day where smart money decides the course of the market for the rest of the day and screws greedy day scalpers like me content with making 5 points a trade and then giving up 20-30 points in one ugly move when it really happens.
I took a trial of ManshiRT a long time ago but could never get it to work with NOW so I renewed my subscription with GDFL. All I can say is, the data freeze
from GDFL and on NOW happen at the same time. It is annoying but there is very little one can do about it. GDFL's data feed is flawless except for a few minor freezes once in a while.
Nifty Fut 5 Minutes Chart/
Check the chart... it might probably answer your question.
Thanks newbie12345 for your detailed explanation and also for the chart
with detailed explanation.
But, I was referring to what happened on 05.01.2012 during the formation of
02:40 candle. The chart posted by you is today's. Anyway, I have learnt few
things by looking at your chart!
During these days of false break-outs, the delayed data increases the trading
woes. Another problem with delayed quotes is that chances of your order
not getting executed may increase, unless one places market orders!
It's like watching a movie where the video is not in sync with the audio. Not
that you can't follow it, but you would be restless throughout!
Re: Zerodha Stamp Duty....
MF Global went bankrupt, - biggest bankruptcy of 2011. The firm bets 100 times its size. the European sovereign debt crisis struck- bets went bad.
NOW-wht abt the clients- For over a week after the bankruptcy was filed, the firm's 40,000-odd customers weren't allowed to access their accounts. - , they couldn't sell= huge losses.
BUZZ, believe me there are traders like me who have sat back and watched 2 lakhs go up in smoke in a couple of hours, hoping for God to descend from the sky and turn the market in my favor so that I can save 10 thousand and plan my next trade, instead of acting, as stoploss after stoploss got taken out. My RM called me and said - Why aren't you getting out? I said, no, I am sure the markets will bounce back. He wished me luck and hung up. I was to blame for my stupidity. Simple.
Call us whatever you want to. Given that there are many more like me, you know why Zerodha wouldn't want to take the risk just because their clients want to bet big. Don't you see the positive side of it? They are saving the trader from taking risky bets too. It is better to avoid punching above our weight is what I've learnt after burning a lot more than just fingers in the markets.
If all goes well, we live to see the next trading session otherwise it means a complete wipe out of our accounts.
Your 3k per lot is mouth watering indeed. Could you name your broker ?
Maybe you are a gifted cum disciplined trader who only makes winning trades. I'd love it if you could share your market views and trading calls with all of us
BUZZ, I haven't come across any broker who charges Rs.20 per trade with no brokerage commitment,margin commitment or enrolling for a prepaid plan and no Terminal charges.
Zerodha has started out as a brokerage firm focusing more on trading than offering every available investment product under the sun. They are barely a year old. Am sure they will roll out new services as they grow in size.
I would love it if they ran a pooled account like other brokers do, so that I could go short on select scrips and hold it for weeks, particularly those scrips which aren't traded in FnO. Alas, the guys at the top are high strung on compliance and we can't blame them
I'd recently come across this Rs.5 per ordercompany. Don't know how reliable they are and I don't intend to give Rs.1 Lakh upfront as brokerage.
What we forget as traders is, we focus more on brokerage and less on trading. To think of it, I was a more disciplined trader when I was paying Rs.50 per lot than now. I made fewer mistakes and respected stop losses and avoided taking rash decisions. But hey, I can't hold Zerodha responsible for my poor trading decisions.
Nifty hit lower circuit within a few hours in 2008. There is no guarantee that it won't happen again. Better to be safe than sorry. This comes from someone who hasn't always been on the winning side.
Btw, nobody at Zerodha has bought me lunch at Subway for me coming to their defense
I have my own issues with them regarding the delay in starting commodities trading but I will save the rant for now. It won't help the situation.
It is one thing to nitpick if the grouse is genuine, but it is quite unfair to flog them for a service they do not offer at present. And just because Broker X or Broker Y offers a particular value added service, you deem it fit to call them Frauds does not augur well for a grown up like you who has been a trader for a while. No offense meant. Cheers!
Call us whatever you want to. Given that there are many more like me, you know why Zerodha wouldn't want to take the risk just because their clients want to bet big. Don't you see the positive side of it? They are saving the trader from taking risky bets too. It is better to avoid punching above our weight is what I've learnt after burning a lot more than just fingers in the markets.
If all goes well, we live to see the next trading session otherwise it means a complete wipe out of our accounts.
Your 3k per lot is mouth watering indeed. Could you name your broker
?Maybe you are a gifted cum disciplined trader who only makes winning trades. I'd love it if you could share your market views and trading calls with all of us
BUZZ, I haven't come across any broker who charges Rs.20 per trade with no brokerage commitment,margin commitment or enrolling for a prepaid plan and no Terminal charges.
Zerodha has started out as a brokerage firm focusing more on trading than offering every available investment product under the sun. They are barely a year old. Am sure they will roll out new services as they grow in size.
I would love it if they ran a pooled account like other brokers do, so that I could go short on select scrips and hold it for weeks, particularly those scrips which aren't traded in FnO. Alas, the guys at the top are high strung on compliance and we can't blame them
I'd recently come across this Rs.5 per ordercompany. Don't know how reliable they are and I don't intend to give Rs.1 Lakh upfront as brokerage.
What we forget as traders is, we focus more on brokerage and less on trading. To think of it, I was a more disciplined trader when I was paying Rs.50 per lot than now. I made fewer mistakes and respected stop losses and avoided taking rash decisions. But hey, I can't hold Zerodha responsible for my poor trading decisions.
Nifty hit lower circuit within a few hours in 2008. There is no guarantee that it won't happen again. Better to be safe than sorry. This comes from someone who hasn't always been on the winning side.
Btw, nobody at Zerodha has bought me lunch at Subway for me coming to their defense
I have my own issues with them regarding the delay in starting commodities trading but I will save the rant for now. It won't help the situation.
It is one thing to nitpick if the grouse is genuine, but it is quite unfair to flog them for a service they do not offer at present. And just because Broker X or Broker Y offers a particular value added service, you deem it fit to call them Frauds does not augur well for a grown up like you who has been a trader for a while. No offense meant. Cheers!
NOW-wht abt the clients- For over a week after the bankruptcy was filed, the firm's 40,000-odd customers weren't allowed to access their accounts. - , they couldn't sell= huge losses.
Guys!!! NEST as a platform is way more advanced then NOW, but NOW and NEST are basically the same, developed by the same company Omnesys... The migration won't be tough as for you, it would be like using the same platform with additional features...
NEST mobile is amazing to say the least... We will have videos on platforms and all features on our website in the next one month!!!
What is good going for NOW is the fact that the servers are collocated, actually it is on LAN with NSE servers... To match this we are hosting collocated servers with backup servers, lines etc to ensure the performance is on the same lines as NOW or better...
You would still have an option to go with NOW if you wish, but I am sure you won't after looking at the new NEST trader... How much could NOW cost?? hmm.. no idea yet... NSE has not revealed this yet....
NEST would come at no additional cost, a lot of brokers are charging for this today.. But we won't.... Because of all the support from you guys, we can take it on our books...
There would be small rules set though, so that the fact that we are giving the software free is not misutilized...This is in a sense to keep the performance up for everyone else... Rules could be like saying, if the guy is not trading, we will disable the EXE version... Or saying max scrips on a marketwatch is reduced to 30, cause the speed bump is pretty high for you by reducing the max scrips on a marketwatch....
Guys!!! All of this could take a month or two... So don't ask me too many questions on this.... When the time is ripe, our websites would be updated...
Cheers...
NEST mobile is amazing to say the least... We will have videos on platforms and all features on our website in the next one month!!!
What is good going for NOW is the fact that the servers are collocated, actually it is on LAN with NSE servers... To match this we are hosting collocated servers with backup servers, lines etc to ensure the performance is on the same lines as NOW or better...
You would still have an option to go with NOW if you wish, but I am sure you won't after looking at the new NEST trader... How much could NOW cost?? hmm.. no idea yet... NSE has not revealed this yet....
NEST would come at no additional cost, a lot of brokers are charging for this today.. But we won't.... Because of all the support from you guys, we can take it on our books...
There would be small rules set though, so that the fact that we are giving the software free is not misutilized...This is in a sense to keep the performance up for everyone else... Rules could be like saying, if the guy is not trading, we will disable the EXE version... Or saying max scrips on a marketwatch is reduced to 30, cause the speed bump is pretty high for you by reducing the max scrips on a marketwatch....
Guys!!! All of this could take a month or two... So don't ask me too many questions on this.... When the time is ripe, our websites would be updated...
Cheers...
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