Thread for people following stars on opentrade.in

[NCDEX Boss]

Hi! I am starting this thread for people who are following stars on opentrade.in an initiative by Zerodha in which traders can follow profitable traders with good track record and returns, and view their portfolio and trades in real time. I want to know your views on the stars you are following.

 

[Smart_trade]

Not many seem to be following this. I dont follow any star but I track opentrade to see how stars are doing and to see where we stand.

Smart_trade

 

[deba72]

I am still unable to understand the overview given in open trade. For example, the star Pegasus... his average capital is 14 lacs.. but still he is having days when his profit his 12 lacs or loss 15 lacs... how is this possible ?

 

[NCDEX Boss]

Hello Smart_trade ji and deba72 ji thanks for your inputs. The average capital means the amount invested to the take the position, not the free amount in the account. All the positions in derivatives are levered so a 5% margin could get wiped if the trade goes 5% against you.So the amount to take the position got wiped and not the account equity which is so much more then the capital invested. I hope I cleared you confusion. Feel free to ask more questions.
Regards
NCDEX Boss

 

[deba72]

Hello Smart_trade ji and deba72 ji thanks for your inputs. The average capital means the amount invested to the take the position, not the free amount in the account. All the positions in derivatives are levered so a 5% margin could get wiped if the trade goes 5% against you.So the amount to take the position got wiped and not the account equity which is so much more then the capital invested. I hope I cleared you confusion. Feel free to ask more questions.
Regards
NCDEX Boss

Thanks for your input.But lets say ,as per your words, someone puts 14 Lacs margin to take a position and then he suffers 14 lacs loss on the same day,, I am wondering what kind of trade that would be...

 

[tradedatrend]

Open trade shows star traders / performers and their percentage of profit

But does it show what scrips they are buying / selling in real time?

And why would any body like his trades to be copied by someone else?

Well, who wants Panauti

 

[NCDEX Boss]

Deba ji, Thanks for the input.
Pegasus takes position in Nifty Futures only(mostly). NRML margin for 1 lot nifty is Rs.46000/- But the Cover Order margin is just Rs.11000 per lot. So around 130 lots of nifty futures can be bought for 14.5lks if you trade with small stop loss. Means around Rs.9750 profit on every point. If the market rallies or falls 130-150 points according to your position. You can easily make 13-14lks. Feel free to ask more questions.
Regards
NCDEX Boss

 

[NCDEX Boss]

Thanks for the input tradedatrend ji. Nice questions. Stars get the monthly subscription fee. And it's important to note that market moves on demand. Suppose you are a star trader and 100 people are following/copying your trades. You buy Ashok leyland futures lot and then all your followers buy. It'll move the share price up a bit and help you. But star traders as I know it are on opentrade.in to help newbie trades make money by holding their hand and giving them confidence to trade as it's backed by a professional. Hope I resolved your query. Feel free to ask more questions.
Regards
NCDEX Boss

 

[tradedatrend]

and where does it show what they are buying or selling

 

[NCDEX Boss]

You have to subscribe o the stars by pressing the follow button and taking the subscription. After you subscribe you'll get real time update on your dashboard whenever an order gets executed. You can also see their current holding and positions along with the trades done by them in the past. Feel free to ask more questions.
Regards
NCDEX Boss