Zerodha....

[Zerodha]

@ Zerodha,

exactly, it makes no difference if you consider the first day or not unless that first day of writing overlapped with the last day of the challenge. Just consider the expiry day if the position is not closed.

I don't wish to push it hard, all I'm saying is within the challenge period and post expiry those sold options have no meaning and as far as I understand it is considered as profit.

Let us not deal with day-1 and day-n to confuse all the way more. As per what I'd understand from your rules, on the 60th day close, you should be profitable. it doesn't matter if you loose 10k in 5 days and make 14k in remaining 55 trading days. the equation would be initial capital -10k + 14k = profit +4K, eligible for the brokerage refund, isn't it?

So if your challenge started on 15/2 and say I had a sufficient balance "X" to sell the below options on 16/2 on overnight basis.

on 16/2 suppose these were my trades all with single nifty lot to keep it simple:
sold 1 lot 4500PE-Feb12 @ 50 to expiry worthless on expiry 23/2
sold 1 lot 5700CE-Mar12 @ 80 to expire worthless on expiry 29/3
sold 1 lot 4200PE-Apr12 @ 120 to expire worthless on expiry 26/4

post 23/2 close, my balance capital would have been X + 50*50 = X+2500
post 29/3 close, my balance capital would be X + 2500 + 80*50 = X+6500
post 26/4 close, my balance capital would be X+6500 + 120*50 = X+12500

Now say, I also had sold 1 lot 6000CE-May12 @ 80 say, on 7/3 and let it expire. this may not get considered as May expiry is on 31st and your challenge closes somewhere before that. so all the contracts of May expiry may not get considered. OR you can consider them day-wise

Hope I'm making sense.

Hi Sudris, it is not as complicated as this...

It is simple.. on day 1, assume you liquidate all positions and withdraw the entire money in your trading account... That is cash balance as of day 1....start of competition...

60th day, assume you liquidate all positions and withdraw all the funds... this is your 60th day balance...

If 60th day balance > ( 1st day balance + new fund transfers - fund withdrawals) , you have won the challenge...

 

[TheDreamer]

So far, what I have understood is, all the realized gain/loss will be considered for the ultimate profitability. So if we have 1 lakh capital on Day 1... do no trade in between... Finally on 60th trading day, short nifty straddle/strangle... receive total premium of 10K and have realized profit of 1k in the account (which might be a part of the premium received from the short strategy)... the person will still win the Zerodha challenge... Am I correct Sachin?

 

[Zerodha]

So far, what I have understood is, all the realized gain/loss will be considered for the ultimate profitability. So if we have 1 lakh capital on Day 1... do no trade in between... Finally on 60th trading day, short nifty straddle/strangle... receive total premium of 10K and have realized profit of 1k in the account (which might be a part of the premium received from the short strategy)... the person will still win the Zerodha challenge... Am I correct Sachin?

100% correct...

 

[Smart_trade]

Now let us do some planning of how to be profitable in this period nett of taxes,duties, brokerage etc....getting the brokerage back from Zerodha will come much later in our priority. Trading well is the main goal....all the rest will fall in place.

Smart_trade

 

[sumosanammain]

Now let us do some planning of how to be profitable in this period nett of taxes,duties, brokerage etc....getting the brokerage back from Zerodha will come much later in our priority. Trading well is the main goal....all the rest will fall in place.

Smart_trade

As I said before, I dont think Zerodha will be printing too many certificates

 

[farooqgm]

Guys, MCX is finally through... We are going to get a few clients to test it today and tomorrow... You should also receive welcome letters today... You should be able to start trading from monday onwards....

:clapping::clapping::clapping: CONGRATULATIONS to TEAM ZERODHA :clapping::clapping::clapping:

 

[timepass]

Guys, MCX is finally through... We are going to get a few clients to test it today and tomorrow... You should also receive welcome letters today... You should be able to start trading from monday onwards....

OMG.. must send in my forms soon !!!

 

[praddy510]

Guys, MCX is finally through... We are going to get a few clients to test it today and tomorrow... You should also receive welcome letters today... You should be able to start trading from monday onwards....

Finally the time has come .... MCX is going live on zerodha... Time to learn trading commodities and strategies....

ZERODHA.... i am an existing customer... So can u say breifly how to apply and what are required for commodities account ??????

 

[NinjaTrader]

Guys, MCX is finally through... We are going to get a few clients to test it today and tomorrow... You should also receive welcome letters today... You should be able to start trading from monday onwards....

Good to hear that today our wait for MCX Trading will finally get over.

Still waiting for my Welcome Letter Email. If anyone receives the welcome Letter for MCX then Plz confirm the same here ASAP.

 

[dhootankur]

Hi Sachin / Zerodha,

I heard that transferring money from banks other then Axis and HDFC using backoffice would cost me 15 per transfer???

Is that true??

Thanks