Zerodha....

[megapixel]

mega, you seem to be having confusion on the margin bit.. Here is how it is:

Margin given by a broker is sometimes explained as a multiple or sometimes as a %. Our excel shows you both...

So for eg: if it says 20%, to buy Rs 100 of a stock you need to bring in Rs 20.. the same thing which says 20% could also be called 5 times leverage.. What this means is if you have Rs 20, you can buy 5 times of it which is Rs 100... What you need to understand is both mean the same...

In case of ABB you see, 10.77% as margin or 9 times...What it means is, if you have Rs 2500, you can buy 9 x 2500 = 22500 worth of ABB, you could also say it in other words which is to buy Rs 22500 worth of ABB you need 10.77% which is around Rs 2500... It is like saying the same thing but in different words...

If you are finding it confusing, look only a the leverage provided column and disregard the other.. Whatever money you have, you can buy leverage * money ... Hopefully this clarifies...

Thanks Zerodha, That helped.

I plan to divide money for two scrips basically i.e for ABB and ABAN

Total trading account money = 2500 Rs

I divide this money in two halves 1500 Rs (for ABB) + 1000 Rs (for ABAN)

Now I apply leverage ,

1500 x 9 = 13500 Rs worth of ABB I can buy/sell

1000 x 5 =5000 Rs worth of ABAN I can buy/sell


This is what I intend to do . I'm not sure whether this is allowed by the system.
Is it ok with the system ?

 

[sayantan2u9]

I would just like to thank zerodha for the good job they have done for us !
Answering every question , so politely .!

Very educated employees having good knowledge about the markets .

Even if, i could save 1000rs/pm if i move to another broker i would still stick to zerodha !

Few days ago , i sent them an email , and got the solution within 5 mins .

Fantastic job so far !

Also they dont annoy u by calling even if u dont trade few some days or even weeks.

I just hope they dont shoot themselves in the foot .

Hopefully zerodha can become the no.1 broker in INDIA !

 

[vikrit]

Seems like Vikrit has dug really deep and spent a long time on it :thumb: ..............

Good job man!!! :thumb: you have dug really deep to unearth the discrepancies in the statements of Sachin/Zerodha... I also found that the data pre-challenge & post-challenge were quite off the mark but didn't have the time to point them out...

That is a lot of effort vikrit..
....................
.

guys it didn't took that much time, normally we always remember some part of conversation/statements. Specially if it is conflicting.

and if use 'search this thread' option, it will not take much time. Approx 5-7 min.s took to multi quote these. so no big deal.

.

 

[timepass]

My dear friend, you are confusing trading strategy with broker selection. I cant help you understand the difference

I guess people think that there's more to broker selection than simply the various charges.

 

[sumosanammain]

I guess people think that there's more to broker selection than simply the various charges.

Maybe so. Professional traders have different requirements, and investors who trade once in a while have different requirements.
There are people in between, who comprise the majority of the people in the market, and they have other requirements.

So, many people dont even know what they want.
And people who do, are smart enough to get what they want, most of the time

 

[timepass]

Maybe so. Professional traders have different requirements, and investors who trade once in a while have different requirements.
There are people in between, who comprise the majority of the people in the market, and they have other requirements.

So, many people dont even know what they want.
And people who do, are smart enough to get what they want, most of the time

To each his own. I know of another part-time trader nearby, another shopkeeper (a retailer). He looks up charts using IIFL's TTadvance, trades using Ventura, he trades only equities, never does short-selling, doesn't trade online (he places orders with Ventura using Yahoo messenger). This guy makes about Rs. 1000 per day from share market, and of course, his own shop is open and working all this time... He knows about Zerodha, likes it, but doesn't want to open an account because he doesn't want to trade online, wants personal contact... so there. Who are we to call him anything?? This is more or less the way he has been trading since a decade and supplementing his income.

 

[Zerodha]

Thanks Zerodha, That helped.

I plan to divide money for two scrips basically i.e for ABB and ABAN

Total trading account money = 2500 Rs

I divide this money in two halves 1500 Rs (for ABB) + 1000 Rs (for ABAN)

Now I apply leverage ,

1500 x 9 = 13500 Rs worth of ABB I can buy/sell

1000 x 5 =5000 Rs worth of ABAN I can buy/sell


This is what I intend to do . I'm not sure whether this is allowed by the system.
Is it ok with the system ?

Yes you can do this..

 

[megapixel]

Yes you can do this..

Its so simple ! wonderful . Thanks so much.

Could you please tell whether there is any charge if I use leverage facility ?

Also Do I have a choice not to use FULL leverage ? Instead of 9 times ..say I just took 4 times leverage ...Is it allowed ?

Regards

 

[vikrit]

...............
So don't worry about any conflicts of interest....
....................
Why we didn't advertise??........
.

Its ok if had conflict of interest in that scheme, many other businesses/brokers knowingly/unknowingly do the same. You are also a broker.

In fact, a broker whose earning is directly proportional to no. of orders or volumes, is always try to find a way to force or motivate traders to trade more. That's why brokers have plans according to volume or money deposited in a/c, or they give tips, or they start trading in customer accounts, or they announce a scheme/competition. All having same purpose, trade more.

So, obviously your purpose was same, but were wrong in assuming that many will start putting more orders and also word of mouth publicity will work with this. People have seen many competitions, offers and schemes, everybody know it should bring some monetary benefits to co., otherwise co. didn't bring it. And after 2008 meltdown, traders scared, so competition don't attract 'old' traders who don't have confidence or haven't tasted consistent success. And most new ones didn't come to know and also many are reluctant to join a broker far far away.

Now after knowing your expectations, i am looking at Rksv/Rkg type brokers from different angle :!.
If we are able to check our itch for trading just for sake of it, then it is good thing to get charged fix amount for services at least for active traders.

In fact fix brokerage give brokers more time to focus on enhancing their services and increasing customer base rather than finding a way to make existing clients more active. And also there is no conflict of interest for anyone.

.

 

[sumosanammain]

Its so simple ! wonderful . Thanks so much.

Could you please tell whether there is any charge if I use leverage facility ?

Also Do I have a choice not to use FULL leverage ? Instead of 9 times ..say I just took 4 times leverage ...Is it allowed ?

Regards

If you have 4 bottles of sprite, is it necessary to drink all 4? can you drink 2?

Leverage is optional, activated, and you have the choice to use leverage upto the maximum allowed for your account.