Day Trading Stocks & Futures

TraderRavi

MM is the holy grail

The traders took to social media to express their frustration and share the mark-to-market hit that had accrued on their trading positions due to the technical issue.


One of the traders shared a screenshot of his account, highlighting MTM losses of more than Rs 2,00,000. While the exact number of affected traders couldn't be ascertained, a recent report by HDFC Securities shows that Zerodha is market leader when it comes to the number of active clients. At the end of FY19, the broker had 0.9 million active clients on its platform.

The losses shared by the traders are MTM losses and the final impact could differ.

Nithin Kamath, founder and chief executive officer of Zerodha, said, "Around 10.05 am, our execution management system that connects us with exchanges went down. When something crashes, you need to reboot the servers that took us 30-35 minutes. Majority of traders were unable to place fresh orders for 35-40 minutes. For some, the time might have been slightly longer."

Between 10.05 am and 10.40 am, the market benchmark Nifty corrected 0.4 per cent. In the same time-frame, Bank Nifty was down 0.6 per cent.

"At present, we trying to get through the day. We will take a look at why the system crashed and fix it to avoid such a scenario in the future," Kamath added.

According to market sources, some of the traders were looking to wind up their positions on the expiry day, while some had placed fresh bets.

This is not the first time that users of Zerodha clients have faced technical issues. As recently as February, 2019, the platform faced a connectivity issue that led to a pile-up of orders.
 
They are preparing for Blockchain Technology.


Description from above video link:
Over the past decade, an alternative digital paradigm has slowly been taking shape at the edges of the internet. This new paradigm is the blockchain. After incubating through millions of Bitcoin transactions and a host of developer projects, it is now on the tips of tongues of CEOs and CTOs, startup entrepreneurs, and even governance activists. Though these stakeholders are beginning to understand the disruptive potential of blockchain technology and are experimenting with its most promising applications, few have asked a more fundamental question: What will a world driven by blockchains look like a decade from now?
Interesting.. But the real question there is, as he says, who keeps the ownership (even though we think it's distributed), like in real estate lands are owned by local government and people are paying tax for the temporary ownership... Not being pessimist about this, but change is inevitable.
 

checkmate7

Well-Known Member
Any 1 with 28th and 29th NSE FNO EOD data ? Can those be shared in csv format.

tia
Bhavcopy downloader was giving issue for FNO data for 28th 29th till yesterday today I am getting it...check if you are having issue still will share the data


Edit: Checked data found issue in 28th FNO EOD data from NSE.. 29th looks fine
 
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afin

Rocky Mountain Doomsday Guy
Fastest growing economy my foot! SOmeone finally spoke the truth. We delude ourselves by saying we are the fastest growing economy and oh we are bigger than France in GDP terms.

But has any one really talked about the state of economy and the Gini coefficients and the equitable delivery of services?? For decades now, we have lurked in the bottom two deciles of the UNHDI index. Now that does not lie.


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XRAY27

Well-Known Member
Fastest growing economy my foot! SOmeone finally spoke the truth. We delude ourselves by saying we are the fastest growing economy and oh we are bigger than France in GDP terms.

But has any one really talked about the state of economy and the Gini coefficients and the equitable delivery of services?? For decades now, we have lurked in the bottom two deciles of the UNHDI index. Now that does not lie.


View attachment 37300
With the population we hold and also way it increases..its impossible to achieve this mark in next 50 years ,Mr.Maheshwari also cannot do any thing..except tweeting even if he has given a position in Govt ..
Honorable PM just spoken on population control in his 15 th Aug speech...employment and
per capital income is the key..both are hard goals to achieve
 
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Fastest growing economy my foot! SOmeone finally spoke the truth. We delude ourselves by saying we are the fastest growing economy and oh we are bigger than France in GDP terms.

But has any one really talked about the state of economy and the Gini coefficients and the equitable delivery of services?? For decades now, we have lurked in the bottom two deciles of the UNHDI index. Now that does not lie.


View attachment 37300
Afin bhai bahot pareshaan lagte ho.....ferget fastest growing or bottom two deciles of UNHDI index etc...we are not economists,we are market participants and some facts and data will bring smile on your face.....Nifty in last 5 years has given a CAGR of 12 % and in last 15 years it has given CAGR of 15 %....and if you invest in growth stock like HDFC Bank,Rs 1 L invested 15 years ago is worth over Rs 38 L ......now does it bring some cheer to you ? Investors life quality and wealth has definitely gone up in last 10-15 years ( I can give any number of examples ) so all the more reasons to be happy...we have progressed in the field of medical care,transportation,communication,data and internet,educational opportunities ,defence preparedness,space science etc etc.in last 10 years.

Smart_trade
 

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