Any idea to save something from this

Discussion in 'Risk & Money Management' started by Chandiran, Apr 18, 2017.

  1. Chandiran

    Chandiran New Member

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    Half gone in charges any idea to overcome

    trading=equity only Intraday
    brokerage=0.01(1000 per crore)
    [​IMG]
     
  2. dreammerchant

    dreammerchant Well-Known Member

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    Which brokerage u r using?

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  3. Chandiran

    Chandiran New Member

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    currently iam using one of the discount broker
    who charges 20 per trade for futures and 0.01%(1000 per crore) for equity
    iam trading in equity only and not in futures
     
  4. travi

    travi Well-Known Member

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    I don't think this is a broker problem.
    You're taking very small profits.

    It could be scalping
    This scenario is very common with HFT. 60-65% of Gross goes to taxes/brokerage etc
    They make money by number of trades.
    Or
    ur system has an almost equal win:loss % and R:R%
     
  5. travi

    travi Well-Known Member

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    I'm pretty sure its scenario 1 bcos of ur STT, its more than ur brokerage.
     
  6. dreammerchant

    dreammerchant Well-Known Member

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    Trading in equity rather than trading futures is a good thing...

    As travi said, the number of trades which u r doing is high as it can be seen from the STT,

    U have two choices

    1. Change your trading style

    2. Stick with your style and change the broker who charges flat rate in per month basis ( this way u can reduce your brokerage and service tax on brokerage) STT remains the same...

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    Last edited: Apr 18, 2017

  7. Chandiran

    Chandiran New Member

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    Who is the best discount broker for monthly charges for unlimited trading
     
  8. dreammerchant

    dreammerchant Well-Known Member

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    Check tradeplus, wisdom capital...

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  9. Dai Thompson

    Dai Thompson New Member

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    I have heard positive feedback about fyers. You might want to take a look at it.
     
  10. Mercedes

    Mercedes Active Member

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    :thumb::thumb:
     

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