Zerodha....

[vikrit]

@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...
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not sure what you observed other than mentioned things, but thank god at least you observed something. zerodha, it is good to have enthu for business but starting a competition which is totally harmful as per Indian consumer/traders psychology for your business can't give you anything good.

even, your client don't open multiple a/c's, it can harm you in many ways (actually it already did). And clients are not going to be fair to support you, they are not wrong, we all are greedy (we are traders). following is one of the fine example how it is motivating traders to do things which actually not fruitful for you and may be for trader also. here aditya's other broker get a good brokerage (may be more trades & also have doubt if he is cheaper than zerodha), and zerodha.....

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...

Still, bosses at zerodha want to continue this or some minor altered competition then let me know, will post in detail this weekend, why you should drop this.

IMO, it will be better if you pay more attention to start zerodha trader with good and fast charting services and other features for nse and mcx both. FYI there are many software, which are more feature rich than now and nest but still they don't hang themselves or system. and to stir the industry, launch different type of competition, but it will create good experience for new clients only when you have properly working software.

famous quote - Clients don't care about the labor pains; they want to see the baby!


Disclaimer: i am not a broker, sub-broker and also don't have any business interest. It's my work and hobby to study businesses.
And as a trader i would love to get back my every penny spent or more from Brokers, Exchanges, Govt., Internet and Telecom co.s, and Of course Electric Board/Co.'s.
Not sure about Computer/IT companies/sellers.

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[adityasaraf007]

[...]
here aditya's other broker get a good brokerage (may be more trades & also have doubt if he is cheaper than zerodha), and zerodha.....
[...]

The other broker worked out to be cheaper than Zerodha because of transaction charges... But now, I have closed that a/c and would shift all my trades to Zerodha....

But just for the sake of it.... it is not so that I had just 4-5 trades with Zerodha only because of this Challenge... the regularity is same as was before the challenge.... had opened the a/c with Zerodha just for options.... which I do only during trending days...

One cannot categorize me so as to say that I am misusing this challenge... Everyone wants a 100% win record... and I had that during this period and would say thanks for it to this Challenge...

 

[vikrit]

The other broker worked out to be cheaper than Zerodha because of transaction charges... But now, I have closed that a/c and would shift all my trades to Zerodha....

But just for the sake of it.... it is not so that I had just 4-5 trades with Zerodha only because of this Challenge... the regularity is same as was before the challenge.... had opened the a/c with Zerodha just for options.... which I do only during trending days...

One cannot categorize me so as to say that I am misusing this challenge... Everyone wants a 100% win record... and I had that during this period and would say thanks for it to this Challenge...

adi,

nowhere blamed you misused or anything did wrong, it's human nature
but what you did b/c of this competition is not fruitful for zerodha.
and so it is just an example.

it will be very helpful for me if you can tell me the name of broker and their charges details
and also what software they provide, as i am also trade in options (daily 2-3 trades max, some intra-day, some positional).
so, if any other broker is cheaper than Zerodha (i didn't find any with satisfactory software yet)
i would like to try b/c main issue i am having with Zerodha is their software.

And really i cant understand how can a ONLINE broker take issues with charting thing in their software lightly!!!???
b/c they are targeting small trader also for whom charting software and data expenses (as sachin suggested some days back to use) make Zerodha much expensive.
and with going on problem with login/trading without charting, don't know where Zerodha will stand in market.


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[vikrit]

@Zerodha

suggestion-
if possible then make call & trade facility free, so small traders don't need to face all trouble of bharti-tata-login-2FA-MIS-NRML-CNC-LOCKED-TRADING PASSWORD etc etc.
and then for charting they will not mind buying data and software or they can use any other broker's terminal to watch ticks while trading on phone with you .

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[soft_trader]

@ Zerodha:

One query,

Say If I call you and tell you to buy 1 SBI. Will you charge Rs. 20?

 

[sumosanammain]

@ Zerodha:

One query,

Say If I call you and tell you to buy 1 SBI. Will you charge Rs. 20?

Yes, and if you call and buy the entire floating stock, then too they will charge only 20

Though there is a cap per order that I am aware of, just trying to put my point across.

Call and trade for Zerodha is a last resort, as they want their model to be online. They want to discourage people to trade that way.

 

[vikrit]

@Zerodha

suggestion-
if possible then make call & trade facility free, so small traders don't need to face all trouble of bharti-tata-login-2FA-MIS-NRML-CNC-LOCKED-TRADING PASSWORD etc etc.
and then for charting they will not mind buying data and software or they can use any other broker's terminal to watch ticks while trading on phone with you .

.

assuming many other ONLINE BROKERS (or single office based) also read this thread, above suggestion for zerodha, but i would not mind if anybody else use to increase market base .
so, let me know if you are cheaper, having call & trade facility free and efficient to handle volumes. (please PM me as this will not be appropriate to promote yourself in Zerodha thread)

 

[vikrit]

Yes, and if you call and buy the entire floating stock, then too they will charge only 20

Though there is a cap per order that I am aware of, just trying to put my point across.

Call and trade for Zerodha is a last resort, as they want their model to be online. They want to discourage people to trade that way.

no offense to your reply, but as you understand them, can you tell how people get encouraged by all these troubles mentioned in post 8082.

don't get it why their software have to create so many obstacles? other broker's software doesn't. i have used trade tiger and odin, nowadays using Trade tiger.

can understand now was from nse basically, but what about Zerodha trader?? why they can't make it trading friendly.

for ex-
1. in tt you can increase time limit for terminal auto lock, but as per zerodha executive you can't in both softwares.
2. tt ask for trading password just once at login screen only.
3. why it is compulsory to trade by MIS for intraday or margin trading (mcx),
why this absurd system that if wanna carry forward then one has to remember to convert.
why it cant be simplified by making NRML order type default for all type.
At 3.10 or 11:05 who are using margin and not having enough fund/margin to carry forward, system/software can be program to select these type of a/c's.
(when sharekhan have this type of system why they can't as they having some heavy software for risk management???,
at sharekhan also, system give list and then dealers call traders for reminding about fund shortage, here Zerodha's system can auto square-off)
And traders who specifically want their trades to square off automatically at 3:10 or 11:05, they can choose MIS.

@Zerodha if possible reply about above points.


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[GTji]

assuming many other ONLINE BROKERS (or single office based) also read this thread, above suggestion for zerodha, but i would not mind if anybody else use to increase market base .
so, let me know if you are cheaper, having call & trade facility free and efficient to handle volumes. (please PM me as this will not be appropriate to promote yourself in Zerodha thread)

Perspective is lost here. Anyway, I myself do not have any problems with the software, and I trade quite actively.

 

[TraderRavi]

Perspective is lost here. Anyway, I myself do not have any problems with the software, and I trade quite actively.

I do have lotta problems with NOW software, as posted in earlier posts........unable to login many times.....and dont know why its taking long time to show login screen nowadays.......but zerodha trader working smoothly..so waiting for EQ to shift there..