Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
- Status
I thought Zerodha has its own trading platform from this month ?
Zerodha calls it "Zerodha trading platform or ZTrader". I am not sure how do you use their software ?
What the software exactly Zerodha is using? it must be a great work if they have developed their own software
Zerodha calls it "Zerodha trading platform or ZTrader". I am not sure how do you use their software ?
What the software exactly Zerodha is using? it must be a great work if they have developed their own software
That is what akash2004 is mentioning about - The Nest Trader.
If you look NOW & NEST TRADER , they look almost identical .
Not difficult...you just have to keep margins in those and keep a written record of passwords....too much confusion in which password for which account.... and changing password and log in /transaction password make matters a bit worse...but with practice one can handle I guess....
Smart_trade
and changing password and log in /transaction password make matters a bit worse...but with practice one can handle I guess....Smart_trade
I keep the same login password and transaction password for all the share market trading applications . They all need to be changed in 14 days. I also keep the same backoffice password for all the brokers . Lazy, huh
. They all need to be changed in 14 days. I also keep the same backoffice password for all the brokers . Lazy, huh
First choose 3-4-5 alphabet/alphanumeric password (as per your choice), then add o for odin, n for now, t for tradetiger etc.
Now we require 2 to 3 password in a month, as one password validity is 14 days, so add 9 for September, 10 for October and add 1 for first 14 days, 2 for second 14 days and 3 for remaining days.
So a password will be like ****n91 for 1-14th September for now, and ****n92 for next 14 days, where **** is your alphanumeric choice.
For transaction password just **n91
If you are using more than 1 account in one platform, then add one alphabet extra in login as well as txn password as per account holder name.
So my login password for NOW will be a1b1n91 and txn password will be a1n91 for 1st to 14th September.
Regards
ZERODHA ANY SOLUTION FOR MY PROBLEM OTHER THAN IGNORING MY POST YES I AM LITTLE ANGRY BUT NEITHER DID I USE THE TOOL ZERODHA BASHING LIKE OTHERS NOR DID MY PROBLEM BEING RESOLVED AFTER EMAILING YOU AND WRITING HERE
I don't know the setup you have presently,
The issue is:
Say you have 10lk in your account and assume you are looking at opportunity in reliance, lot size is 500 and margin per lot Rs 50,000 and reliance at Rs 500.
To buy 500 shares of reliance stock you need, Rs 2.5lks..
Ideally with 10lks, you can buy equity for 7.5lks and short 3 lots (margin 1.5lk)...
What you want is that you will buy entire 10lks of reliance(2000 shares) and short 4 lots of reliance futures by giving these 2000 shares as margin.. The problem is that how do you pledge when you don't really own it??
IF we allow this to happen, NSE would charge a penalty on the excess margin being utilized for the futures position.. A compliant broker can't really let this happen..
The other way out is, that you open margin funding account(through ILFS) and you take funding for the 2 days before the stocks actually come to demat, after which it can be pledged.. In all arbitrage trades, interest component determines the profitability of the trade, we can get you rates better than those offered by most of the brokers today....
Personally we would not get into any funding activity, as our business model won't let us take that kind of a risk. But we can have this arranged through ILFS at the lowest rates in the country.
Usually brokers let you take bigger positions than what you can actually hold(through funding activity or other means) because 1. Most of them use the pool account, to pledge stocks which are lying in the pool(client stocks), pledge it with the exchange and actually give the same money back to you at an interest.. 2. The bigger the position you take the bigger the brokerage they make..Better risk to reward payoff ratio..
We won't get into this, but margin funding route is the right way to do it and that is how most of professional arbitrageurs would do it...
J,
I remember reading your post somewhere before where you had posted this issue and this was our top priority to not mess around with the system...
NOW and NEST look similar but there is a huge difference in them feature wise..
One of the issues we face daily is, between 3pm to 3.30pm, assume you have 3 futures position, nifty, reliance and TCS... You are taking excess leverage and we have to square off your position, because you haven't done on your own. Which one do we square off?? If we cut nifty, we get a call saying why did you cut nifty and not reliance , so on and forth..
The good bit with Ztrader is that , in admin position we have position conversion.. first thing in the morning you can select all positions and convert NRML to MIS and automatically margin blocked gets reduced for all in one click.. YOu don't have to sell and enter , we would never get you do something like that..
Before 3.25, you can again select all and convert MIS to NRML in just one click.. It is nothing like NOW...
I remember reading your post somewhere before where you had posted this issue and this was our top priority to not mess around with the system...
NOW and NEST look similar but there is a huge difference in them feature wise..
One of the issues we face daily is, between 3pm to 3.30pm, assume you have 3 futures position, nifty, reliance and TCS... You are taking excess leverage and we have to square off your position, because you haven't done on your own. Which one do we square off?? If we cut nifty, we get a call saying why did you cut nifty and not reliance , so on and forth..
The good bit with Ztrader is that , in admin position we have position conversion.. first thing in the morning you can select all positions and convert NRML to MIS and automatically margin blocked gets reduced for all in one click.. YOu don't have to sell and enter , we would never get you do something like that..
Before 3.25, you can again select all and convert MIS to NRML in just one click.. It is nothing like NOW...
Re: new cheapest broker is here. Zerodha
hello what u said i understand but do not think only brokerage yes this is cheap brokerage i think service is important i and my friend search and spent few months to check service plus brokerage we found share khan best service best terminal as per our knowledge if anyone want to open account can contact
hello what u said i understand but do not think only brokerage yes this is cheap brokerage i think service is important i and my friend search and spent few months to check service plus brokerage we found share khan best service best terminal as per our knowledge if anyone want to open account can contact
How come ??
Download a password maker utility and generate password......password strength meter will show how strong your password is.
Its difficult to remember passwords....so keep it in a safe place...you are good to go.
- Status
