Trading for Living -- Successfully Completed one year as Full Time Trader
- Thread starter amrutham
- Start date
Yeah. That 160K is the combined brokerage for 2 accounts.
Including GST it comes to around 189K from which we got 42K as refund.
Effective brokerage paid = 189-42 = 147K.
Regarding number of trades, some of my long butterfly strategies takes 10-20 orders just for entry. Other than those, we played with intraday OTM strangles with BN weekly options mainly on Tuesdays and Wednesdays to benefit from time decay.
Even if we save half of the brokerage this FY, that would be very good.
Including GST it comes to around 189K from which we got 42K as refund.
Effective brokerage paid = 189-42 = 147K.
Regarding number of trades, some of my long butterfly strategies takes 10-20 orders just for entry. Other than those, we played with intraday OTM strangles with BN weekly options mainly on Tuesdays and Wednesdays to benefit from time decay.
Even if we save half of the brokerage this FY, that would be very good.
I have heard the name Finvasia before, other than that don't know much about them.
What's the catch here? No brokerage fee. When I first heard Zerodha giving back the brokerage, I couldn't believe. Thought there should be some catch. But they're giving the brokerage provided if the trader wins the challenge. Few months back I learned that Zerodha is not charging for delivery trades in cash segment. I couldn't believe. Heard about Fyers few months back and about their charting tools, their pricing structure looks similar to Zerodha. Have been thinking about opening an account with Fyers. Now Finvasia don't charge brokerage at all for any segment??? What's the deal? How they are gonna do business with no brokerage fee? I am really surprised.
How is Finvasia? Any other Finvasia traders here? What's your opinion about the brokerage firm?
What's the catch here? No brokerage fee. When I first heard Zerodha giving back the brokerage, I couldn't believe. Thought there should be some catch. But they're giving the brokerage provided if the trader wins the challenge. Few months back I learned that Zerodha is not charging for delivery trades in cash segment. I couldn't believe. Heard about Fyers few months back and about their charting tools, their pricing structure looks similar to Zerodha. Have been thinking about opening an account with Fyers. Now Finvasia don't charge brokerage at all for any segment??? What's the deal? How they are gonna do business with no brokerage fee? I am really surprised.
How is Finvasia? Any other Finvasia traders here? What's your opinion about the brokerage firm?
In a typical long butterfly of 600 L + 1200 S + 600 L, order entry is something like, 200 L + 200 L + 400 S. This is repeated 3 times. Hence total 9 orders for entry. When market is more volatile, the size further gets reduced and number of orders increase.
Even if we consider 15 orders, brokerage is 300 + taxes, which is equal-ant to half a point in slippage.
If I move to fixed/no brokerage broker, then I would not have this constraint on the number of orders.
Even if we consider 15 orders, brokerage is 300 + taxes, which is equal-ant to half a point in slippage.
If I move to fixed/no brokerage broker, then I would not have this constraint on the number of orders.
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