Tejas Khoday

Co-Founder & CEO, FYERS
Hello @Tejas Khoday

1) Good of you to introduce the 30-day Challenge.
2) What is the progress on Bracket orders ?
3) At what time does the ledger get updated everyday ?
1) Good of you to introduce the 30-day Challenge.
Thanks!
2) What is the progress on Bracket orders ?
In progress, will roll out soon.

3) At what time does the ledger get updated everyday ?
Approx 6:30 PM. Sometimes, there may be delay because of expiry as the exchange gives us the file late. Also, currency segment is updated by 7:30 PM. Hence, on the safer side, assume it's 7:30 PM.
 

Tejas Khoday

Co-Founder & CEO, FYERS
Does SEBI promote/support such contests? Somewhere I read this:
"And, there is no recourse with Sebi for when things go wrong in such competitions. Reportedly, in December last year, stock exchanges communicated to brokers (at Sebi’s behest), that they should not sponsor such competitions, and organisers for such competitions should get written consent from the players that in case of a dispute, they would not be entitled to dispute redressal mechanism under Sebi’s investor protection schemes."
30 Day Challenge is not a contest/competition among traders. Please read the post in detail.
 

Tejas Khoday

Co-Founder & CEO, FYERS
Yeah, that monthly is a very good suggestion. Even the payout is on 5th of every month, so maybe the end date would also do good.

Make it possible for a member to start on the first of every month, and auto roll it over. So if someone joins on, say 10th of the month, he can start the challenge on the 1st of the next month.
You can start on any given trading day. It is not restricted to a particular period of the month. This is to provide flexibility to traders. Thanks for your suggestions.