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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Yep allowed.... You can use a maximum of 9 times, how much leverage you want to use is your call...
No charge for the leverage...
...Cheers..
No charge for the leverage...
...Cheers..
How many times I can use leverage in equity day trading ? Is it one time process OR I can use as many times as I wish ?
For example, I BUY 100 shares of ABB with leverage and then I SELL 100 shares - so its now squared off . Can I use leverage again to BUY ABB ? OR its just one time work ?
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Again a nice writeup, Vikrit. But to each his own. Zerodha has been a consistently good broker for the nearly two years that Traderji has known them. They have implemented some good, new ideas and have others imitating them. When they were first discussed here, most of the members of incredulous ("How can you survive on such low rates!!" etc..). The point about transaction charges was discussed then (must be somewhere in this thread).
So, to each his own. No one can possibly monopolize the market, right ?.
So, to each his own. No one can possibly monopolize the market, right ?
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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.
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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.
.
Zerodha, since you are online and answering questions right now, can you respond to these questions that I had asked earlier---
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?
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?
The top 10 in terms of money made, seem to be professional traders... Professional traders are well capitalized, Another thing which I missed yesterday...
Except for a few small accounts which showed incredible returns thanks to some crazy(lucky) option trades, most of the top 25 guys( atleast 20 of 25) were guys with more than 10lks in their account...
Except for a few small accounts which showed incredible returns thanks to some crazy(lucky) option trades, most of the top 25 guys( atleast 20 of 25) were guys with more than 10lks in their account...
Thanks for important info. few more questions,
1. what is average % profit they made in last 60 days of scheme? I mean overall, you can also tell us about average % on monthly basis.
2. what was instrument they used mostly Futures, Options or Cash Intraday?
3. the big 10-25 guys traded mostly in STOCK or Index?
1. what is average % profit they made in last 60 days of scheme? I mean overall, you can also tell us about average % on monthly basis.
2. what was instrument they used mostly Futures, Options or Cash Intraday?
3. the big 10-25 guys traded mostly in STOCK or Index?
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