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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There may be an OTOH scenario too - the dropouts, those who didn't make it may not have enough motivation to carry on with similar vigour. Reduced volumes from the 75-80% may not be compensated by the increased volumes from the winning 20-25%.
Just loud thinking.. no offense meant.
Edit : They said they want to run it on a continuous basis. So, does that mean that the challenge will continue ??
Just loud thinking.. no offense meant.
Edit : They said they want to run it on a continuous basis. So, does that mean that the challenge will continue ??
If they are so fickle minded, then maybe they SHOULD give up trading, as it may not be their calling.
Hi Meena,
SPAN margin utilization drops when it is a covered option.. But system won't understand if you are covering an equity position which is lying in your demat..
In sense, if you buy futures and write calls, span will come down, but if you buy equity and write calls, system won't understand this...It will understand the day you buy it, but if you take delivery of equity i.e once it goes to the demat account, it won't understand it.. So if the idea is to do it for equity, it is better to pledge the stock and then write calls if you wan the margin benefit..
SPAN margin utilization drops when it is a covered option.. But system won't understand if you are covering an equity position which is lying in your demat..
In sense, if you buy futures and write calls, span will come down, but if you buy equity and write calls, system won't understand this...It will understand the day you buy it, but if you take delivery of equity i.e once it goes to the demat account, it won't understand it.. So if the idea is to do it for equity, it is better to pledge the stock and then write calls if you wan the margin benefit..
@sumo, ST, Tp, murthy , TJ,
We definitely want to continue this, but we have observed some issues over the last few weeks which may hamper the challenge to be run in the present format... Ideas from all of you on overcoming these issues will be very nice...
A lot of clients, after making some profits, have completely stopped trading in those particular accounts.. They are opening accounts in the name of their family and trading on those .. Our systems have detected a lot of these accounts because of similar addresses... This is putting up unnecessary stress on our account opening team and a lot of other processes in the system.. .
We have our competitors putting up all wrong kind of news because of this challenge.. So the format has to change...
How this can be changed without letting people misuse the system is what we would love to hear from all of you...
Cheers...
We definitely want to continue this, but we have observed some issues over the last few weeks which may hamper the challenge to be run in the present format... Ideas from all of you on overcoming these issues will be very nice...
A lot of clients, after making some profits, have completely stopped trading in those particular accounts.. They are opening accounts in the name of their family and trading on those .. Our systems have detected a lot of these accounts because of similar addresses... This is putting up unnecessary stress on our account opening team and a lot of other processes in the system.. .
We have our competitors putting up all wrong kind of news because of this challenge.. So the format has to change...
How this can be changed without letting people misuse the system is what we would love to hear from all of you...
Cheers...
One way of discouraging people to open multiple accounts and stopping trading in the account which has just touched small profits is to have graded refund system:
0-5 % on the capital------20 % brokerage refund
5-10 % ------ 50 % refund
10- 20 % ------- 75 % refund
20-30 % ------- 100 % refund
30-50 % -------150 % refund
50 % and above ------- 200 % refund.....
for 150% and 200 % you are not going out of pocket...as these cases will be less and they will be financed by the savings you make on the lower slabs...this will encourage people to trade on the same account till the end and achieve high return figure and claim more refunds rather than just qualify for refund and stop.....
Just call it performance incentive scheme and your critics will be silent, as you are encouraging traders to do well and 100 % and above refund only people making 20 % and above are getting...so no free lunch, it is encouragement for performance....
Something on above lines , slabs and % ages may vary .....lower and higher respectively the better ...
Smart_trade
0-5 % on the capital------20 % brokerage refund
5-10 % ------ 50 % refund
10- 20 % ------- 75 % refund
20-30 % ------- 100 % refund
30-50 % -------150 % refund
50 % and above ------- 200 % refund.....
for 150% and 200 % you are not going out of pocket...as these cases will be less and they will be financed by the savings you make on the lower slabs...this will encourage people to trade on the same account till the end and achieve high return figure and claim more refunds rather than just qualify for refund and stop.....
Just call it performance incentive scheme and your critics will be silent, as you are encouraging traders to do well and 100 % and above refund only people making 20 % and above are getting...so no free lunch, it is encouragement for performance....
Something on above lines , slabs and % ages may vary .....lower and higher respectively the better ...
Smart_trade
This is not misuse; this is protecting the profits. Anyway, increasing the number of customers should not count as unnecessary stress, but as growing business (increasing the number of clients) which will ultimately make you look better when stats are compared with the competitors.
The thing to keep in mind is that the majority (those who didn't make it) will feel the pinch of not only of loss of money, but loss of face as well.
I suggestion is to try and placate the majority who have not made it. Maybe they could be refunded maybe 25% of the brokerage - a symbolic gesture - or some figure as per your math. If this was to be implemented with retrospective effect (1st challenge), it will show big-heartedness and go a long way in regaining ground.
Displeasing the majority is not the best business practice.
The thing to keep in mind is that the majority (those who didn't make it) will feel the pinch of not only of loss of money, but loss of face as well.
I suggestion is to try and placate the majority who have not made it. Maybe they could be refunded maybe 25% of the brokerage - a symbolic gesture - or some figure as per your math. If this was to be implemented with retrospective effect (1st challenge), it will show big-heartedness and go a long way in regaining ground.
Displeasing the majority is not the best business practice.
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