Zerodha....

[Smart_trade]

A lot of cases in the winners were those of doing a few trades and switching accounts as soon as they are in the money..

When we started the challenge, the number we thought will be around 10-12% at the max.. This is the real number, if not for a lot of the people trying to use shortcuts.... A lot of money seems to have been made on the fall, a lot of them turned positive after the fall...

Switching accounts though not in line with the spirit of the challenge, you make appropriate rules in the next challenge so that only real winners come out and they get the benefit....but it is a great concept and should be continued further...with modified rules....

Smart_trade

 

[Trader J]

For now the challenge is on hold ... We are going slow because the concept has to be modified a bit.. ..

We had a decent number of winners( 22%).. Around 60% of the clients were around breakeven(lower side) and remaining were down on their accounts...A lot of cases in the winners were those of doing a few trades and switching accounts as soon as they are in the money..

As timepass has posted, right now the immediate task on hand is to make our trading platform feature rich and have multi-exchange on one platform... We have learnt a few things from the first challenge and we will make the second one pretty interesting..

Cheers..

Winner 22 % and Loser 78 % , Its mean 78 % trader paid brokerage, and only 22 % enjoy brokerage free trade....its good for Zerodha...than why Hold on Challenge...........Is it true ??

 

[timepass]

A lot of cases in the winners were those of doing a few trades and switching accounts as soon as they are in the money..

When we started the challenge, the number we thought will be around 10-12% at the max.. This is the real number, if not for a lot of the people trying to use shortcuts.... A lot of money seems to have been made on the fall, a lot of them turned positive after the fall...

Zerodha, better reply to a Devil's advocate than an opponent. Sometime, somewhere you are going to publicize the fact that x% of your traders are in profit. Somewhere, sometime, you are going to have to face heat on account of this.

Better, for the sake of transparency, that you explain how these percentages were arrived at.

 

[sumosanammain]

Zerodha, better reply to a Devil's advocate than an opponent. Sometime, somewhere you are going to publicize the fact that x% of your traders are in profit. Somewhere, sometime, you are going to have to face heat on account of this.

Better, for the sake of transparency, that you explain how these percentages were arrived at.

Or else.... :rofl:

 

[timepass]

Or else.... :rofl:

Nope.. nothing of that sort. But remember, Bangaru Laxman has been convicted for 1 lakh bribe, while those having thousands of crores in scams are roaming free. So, the point is, success is its own enemy. I bet a lot of competitors are just waiting for them to slip up.. even a tiny bit. Everyone has some weaknesses, right ?

Also, just imagine, if they can prove conclusively beyond any doubt that 22% of their customers are profitable, they will have bragging rights forever.

 

[CASPER]

TP...,

Zerodha has mentioned 22% and also about People Opening Multiple accounts ...Atleast we get a fair Idea of " % " of Successful Traders ...

If Zerodha comes up with figures., Somewhat like what Sumo has Mentioned then People would come to Know Approx .....
How many customers does Zerdoha have .... !!! [ I am sure more than 90% of Zerodha's customers are Traders and NOT investors ]...

No Business Unit would be Comfortable in revealing Such Details..Isn't It ...!!!

Cheers...,

Zerodha, better reply to a Devil's advocate than an opponent. Sometime, somewhere you are going to publicize the fact that x% of your traders are in profit. Somewhere, sometime, you are going to have to face heat on account of this.

Better, for the sake of transparency, that you explain how these percentages were arrived at.

 

[timepass]

TP...,

Zerodha has mentioned 22% and also about People Opening Multiple accounts ...Atleast we get a fair Idea of " % " of Successful Traders ...

If Zerodha comes up with figures., Somewhat like what Sumo has Mentioned then People would come to Know Approx .....
How many customers does Zerdoha have .... !!! [ I am sure more than 90% of Zerodha's customers are Traders and NOT investors ]...

No Business Unit would be Comfortable in revealing Such Details..Isn't It ...!!!

Cheers...,

Unless the summary (percentage) is backed by details (numbers), it will always sound arbitrary. Are you sure that only TJ members are paying attention to these posts ?? As I said, better a Devil's advocate than an opponent.

Anyway, the number of customers a broker has isn't a very confidential.

 

[Zerodha]

Competition is on our butt all the time, there are either some new guys trying to imitate us or there are the so called big boys trying to cause roadblocks..

There is a very popular broker from the south who has even complained against the NSE saying we can't have these kind of challenges.. ..

We had initially thought of collecting data and sharing out patterns that helps make winners...But the data collected over the 60 days was so vast that it was very tough to come up with any conclusive patterns... There were a few million trades( 1 executed order could be in multiple trades)...

Like Sumo put it, it is like an election result.. .. How do you know that the data I put is right?? We ran a program to pick up the winners and losers and the amount of brokerage generated.. That was the only data that we could analyze.. We have shared the same program with you on your dashboard(home page) with title as portfolio summary.. Put a from and to date, the summary will show you a net value, if +ve then you are in the money and -ve if your out.. It also gives you all the charges paid(combined)... You can access only your account, we pulled this data for all our active clients..

So basically the data would have looked like Client X, +ve/-ve , other charges.... Excel formulae calculated the %'s and other analysis.. We observed a pattern where a lot of accounts which were in money, would have stopped trading and trading commenced on id's which are referred by the original id... The dates would be immediate days.. We were basically able to pull up a list of clients who switched accounts...

A few things that I personally took away from the challenge that I had always believed in :

1. Similar to tight rope walking... Shorter the time spent on a trade, better the chances of making it across..

2. Traders tend to keep positions for overnight usually when there is a small loss.. The winners would never hold it because it is making a loss... The winners would have held only if the trade warranted it to...

3. Though losers paid more brokerage than winners, majority of the winners were amongst our biggest brokerage payers.. I keep telling a lot of our clients who start with us, trading with us after trading with a broker paying Rs 100 per lot is like shifting from an amby to a ferrari.. you risk the chances of crashing, if you don't know how to handle it... This whole idea of ,I will buy and sell for every 20 paise and make money trading options is flawed... Even if you are planning a 20 paise trade, you need to have a system for this... The system have to be backtested..

4. Stop losses can be a bitcccch... One of the biggest reason for trading losses for active intraday guys.. You need to know when and how to use them...

5. One amazing thing which we saw in the trading pattern of our 10 best performing guys...Varying size of trades... Position management is important and these guys had this common characteristic...

Guys, finally another good news... We just received SEBI certificates for BSE...

 

[sr114]

Zerodha


getting SEBI certificates for BSE - thats a great news. waiting for combined Zerodha Trader Platform containing all exchanges integrated

regards

 

[GTji]

Competition is on our butt all the time, there are either some new guys trying to imitate us or there are the so called big boys trying to cause roadblocks..

There is a very popular broker from the south who has even complained against the NSE saying we can't have these kind of challenges.. ..

We had initially thought of collecting data and sharing out patterns that helps make winners...But the data collected over the 60 days was so vast that it was very tough to come up with any conclusive patterns... There were a few million trades( 1 executed order could be in multiple trades)...

Like Sumo put it, it is like an election result.. .. How do you know that the data I put is right?? We ran a program to pick up the winners and losers and the amount of brokerage generated.. That was the only data that we could analyze.. We have shared the same program with you on your dashboard(home page) with title as portfolio summary.. Put a from and to date, the summary will show you a net value, if +ve then you are in the money and -ve if your out.. It also gives you all the charges paid(combined)... You can access only your account, we pulled this data for all our active clients..

So basically the data would have looked like Client X, +ve/-ve , other charges.... Excel formulae calculated the %'s and other analysis.. We observed a pattern where a lot of accounts which were in money, would have stopped trading and trading commenced on id's which are referred by the original id... The dates would be immediate days.. We were basically able to pull up a list of clients who switched accounts...

A few things that I personally took away from the challenge that I had always believed in :

1. Similar to tight rope walking... Shorter the time spent on a trade, better the chances of making it across..

2. Traders tend to keep positions for overnight usually when there is a small loss.. The winners would never hold it because it is making a loss... The winners would have held only if the trade warranted it to...

3. Though losers paid more brokerage than winners, majority of the winners were amongst our biggest brokerage payers.. I keep telling a lot of our clients who start with us, trading with us after trading with a broker paying Rs 100 per lot is like shifting from an amby to a ferrari.. you risk the chances of crashing, if you don't know how to handle it... This whole idea of ,I will buy and sell for every 20 paise and make money trading options is flawed... Even if you are planning a 20 paise trade, you need to have a system for this... The system have to be backtested..

4. Stop losses can be a bitcccch... One of the biggest reason for trading losses for active intraday guys.. You need to know when and how to use them...

5. One amazing thing which we saw in the trading pattern of our 10 best performing guys...Varying size of trades... Position management is important and these guys had this common characteristic...

Guys, finally another good news... We just received SEBI certificates for BSE...

Another curiosity, what was the general account size of your 10 biggest winner(give us a range, or maybe how much brokerage they ended up saving), and is account size related to whether a trader is a winner/loser?

PS: If you do not want answer the first question, its okay. But please do answer the second question about whether the account size is related to being a winner or a loser. Thanks