Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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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
You know, in sports they have a saying "There's great honor in winning, but no dishonour in losing a fair fight".
We are talking about % returns on capital....not on how big the turnover is or how large the capital is.....so even a trader with 50,000 capital he will have same fair chance as another guy with say 20 Lacs capital.....the return on capital is the best yardstick for performance. In case there is addition / withdrawal of capital, the return can be worked on weighted average capital...
Performance is to be rewarded.....someone making just few rupees profits and stopping trading in that account and someone who trades in the account till the end and makes 60 % ....both to be rewarded differently....in my view...but if someone does not make it, it is no dishonour, he can try for the next challenge....
ST
Performance is to be rewarded.....someone making just few rupees profits and stopping trading in that account and someone who trades in the account till the end and makes 60 % ....both to be rewarded differently....in my view...but if someone does not make it, it is no dishonour, he can try for the next challenge....
ST
Unbelievable !
To save 40 rupees or say couple of 40 rs for few trades, one will open a new account.
I think these are the ppl who take one or two trades make small profit by chance and stop trading. How much refund will they get ?
Those traders who have taken at least one trade per day in those 60 day and still profitable at the end of the period must have some elements in them.
I am sure these ppl will not be trading just to get their brokerage back, unless Zerodha has scheme which say brokerage will be refunded at the highest rate prevalent in market and not Rs 20 per trade
A lottery ticket which says if you win we will refund the cost of the ticket. I will rather buy the ticket for the prize money.
To save 40 rupees or say couple of 40 rs for few trades, one will open a new account.
I think these are the ppl who take one or two trades make small profit by chance and stop trading. How much refund will they get ?
Those traders who have taken at least one trade per day in those 60 day and still profitable at the end of the period must have some elements in them.
I am sure these ppl will not be trading just to get their brokerage back, unless Zerodha has scheme which say brokerage will be refunded at the highest rate prevalent in market and not Rs 20 per trade
A lottery ticket which says if you win we will refund the cost of the ticket. I will rather buy the ticket for the prize money.
What happens when forex broker [demo competition] finds out that there are multiple accounts opened by the same person/ipaddress?
they ban that person from the contest - no justification given.
if you have solid proof of similar misdeeds, just eliminate them from the contest.
such people repeat - ban them from contest.
you've kept the contest simple - keep it that way. don't add filters / sublimits etc.
Instead punish the gulity by warning them and then banning them.
they ban that person from the contest - no justification given.
if you have solid proof of similar misdeeds, just eliminate them from the contest.
such people repeat - ban them from contest.
you've kept the contest simple - keep it that way. don't add filters / sublimits etc.
Instead punish the gulity by warning them and then banning them.
Zerodha, that's a poor excuse. Even if people have opened multiple accounts and are trading from those accounts you are still getting brokerage from the new accounts, does not that count for anything? I really do not think anybody can misuse your current 60 day challenge format. I would really like to know how anybody can misuse it, give you a loss and make themselves profits, by opening multiple accounts or stopping trading and so forth.
If you think that people stopping their trading after they make some profits is unfair, then maybe you can put some basic condition like minimum 45 or 50 days of trading without which brokerage cannot be refunded.
If you think that people stopping their trading after they make some profits is unfair, then maybe you can put some basic condition like minimum 45 or 50 days of trading without which brokerage cannot be refunded.
Make it valid for people who trade a minimum of X number of days in the 60 day challenge. Like say, 75% of the days.
If the markets are range bound, and if people dont trade, should not be an issue, as they are trying to reward profitable professionals, and professionals generally, I repeat GENERALLY ( as people will pounce on me for this) have strategies for trading all types of markets.
The active, professional, profitable day trader knows how to trade all kinds of markets. The fact that he may loose or win is a different issue, as a professional just trades his system, without caring for the outcome, unless there is some serious deviation from back tested results.
If the markets are range bound, and if people dont trade, should not be an issue, as they are trying to reward profitable professionals, and professionals generally, I repeat GENERALLY ( as people will pounce on me for this) have strategies for trading all types of markets.
The active, professional, profitable day trader knows how to trade all kinds of markets. The fact that he may loose or win is a different issue, as a professional just trades his system, without caring for the outcome, unless there is some serious deviation from back tested results.
This would defeat the objective that they laid out at the very beginning... To make the traders disciplined... avoid taking unnecessary trades....
This challenge has helped me in that aspect.... I have probably traded for only 4-5 trading days with Zerodha... but all those trades were the ones in which I had 100% confidence.... and all those trades were profitable...
The trades in which I wasn't 100% confident were traded with another broker.... Some of them were profitable and some were not...
But to clear a point... I didn't open another account in the name of Family members...
This challenge has helped me in that aspect.... I have probably traded for only 4-5 trading days with Zerodha... but all those trades were the ones in which I had 100% confidence.... and all those trades were profitable...
The trades in which I wasn't 100% confident were traded with another broker.... Some of them were profitable and some were not...
But to clear a point... I didn't open another account in the name of Family members...
A demo competition is different. A businessman will think hell a lot before banning a paying customer. Even if a customer has 30 accounts, he is trading, isn't he ?? He is providing business to Zerodha. Zerodha wants to retain their business, as well as the business from the losers.
Don't make it Fear Factor.
Don't make it Fear Factor.
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