Dear Soft Trader,
Why Zerodha Inform , and why they want to stop regular margin for today ? If today we expecting big move in Market and the day may be for big earning day compare to other days, why Zerodha want to stop regular daily trading for today ?? because they are low cost broker an they charging low brokerage and they have right to stop when they want. I lost all the brokerage today which I been saved since last six months and the next six month I can save by trading with Zerodha, let me explain below
With 40 % margin , I can take intraday position in 500 Nifty, but today, it was only 200, so I put 100 Nifty sale order @ 5150 and 100 Nifty buy order @5200 (both are stop loss order), 100 Nifty sold @ 5145 and I sold another 100 by another order @5115 (I cancelled 100 Nifty @5200), Today @ 11 AM Nifty lost 100 points in 2-3 minutes, and around 11.20 AM , we received message that Margin trading enabled So I trade less today by 300 NIFY ,and I lost Rs 20,000 in my profit.
So please dont just attract by low brokerage by Zerodha , they dont know about any thing of Trading , they just want to play safe and Earn money. May be they have some person in there team , who failed in trading and than they choose to doing Job in monthly salary in Zerodha , and they just want to stop margin trading so trader will not benefitted.
I would like to shift Mumbai base RKSV , they never stop margin trading, today which I confirm from them also , they want 50 % margin for intraday trading, and they charge monthly Rs 2000 (Equal to 50 trade in Zerodha ( buy + Sale order), I trade daily 5-7 so it will save me more.