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  #1  
Old 18th April 2017, 05:05 PM
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Exclamation Any idea to save something from this

Half gone in charges any idea to overcome

trading=equity only Intraday
brokerage=0.01(1000 per crore)
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  #2  
Old 18th April 2017, 05:15 PM
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Default Re: Any idea to save something from this

Quote:
Originally Posted by Chandiran View Post
Half gone in charges any idea to overcome

trading=equity only Intraday
brokerage=0.01(1000 per crore)
Which brokerage u r using?

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  #3  
Old 18th April 2017, 05:27 PM
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Default Re: Any idea to save something from this

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
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Old 18th April 2017, 05:38 PM
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Default Re: Any idea to save something from this

Quote:
Originally Posted by Chandiran View Post
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
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%
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Old 18th April 2017, 05:43 PM
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Default Re: Any idea to save something from this

I'm pretty sure its scenario 1 bcos of ur STT, its more than ur brokerage.
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  #6  
Old 18th April 2017, 06:02 PM
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Default Re: Any idea to save something from this

Quote:
Originally Posted by Chandiran View Post
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
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 by dreammerchant; 18th April 2017 at 09:14 PM.
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  #7  
Old 18th April 2017, 06:06 PM
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Default Re: Any idea to save something from this

Who is the best discount broker for monthly charges for unlimited trading
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  #8  
Old 18th April 2017, 06:08 PM
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Default Re: Any idea to save something from this

Quote:
Originally Posted by Chandiran View Post
Who is the best discount broker for monthly charges for unlimited trading
Check tradeplus, wisdom capital...

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Old 18th April 2017, 08:28 PM
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Default Re: Any idea to save something from this

Quote:
Originally Posted by Chandiran View Post
Who is the best discount broker for monthly charges for unlimited trading
I have heard positive feedback about fyers. You might want to take a look at it.
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  #10  
Old 18th April 2017, 08:52 PM
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Default Re: Any idea to save something from this

Quote:
Originally Posted by travi View Post
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%
Quote:
Originally Posted by dreammerchant View Post
Trading in equity rater than trading futures is a good thing...

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

U have to choice

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...

Sent from my A0001 using Tapatalk
Reply With Quote
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