Re: Instead of brokerage refund, u can hv option to hv Zero Brokerage for Next Challe
or, once is happenstance, so make it free for the next challenge for those who have won the challenge 3 times in a row.
or, once is happenstance, so make it free for the next challenge for those who have won the challenge 3 times in a row.
Probably you don't get my point. I said, When someone is winning 60 day challenge continously he/she will be more benifited from above rule.
1. With such idea we can save service tax on brokerage return. There is about Rs 5 tax on Rs 40 brokerage which is not refunded.
2. Net breakeven is calculated with brokerage, without brokerage it is even less. Just calculate net beakeven using brokerage as zero in excel, you'll understand my point.
If you have brokerage calculator in excel just put zero on brokerage tab, you can see how your break even decreases.
Accroding to my calculator(Stamp Rs 200/Cr) if I buy 2 lot nifty @8300 sell 8302 with absolute zero brokerage there is Rs 20 profit (break even is 1.59).
Whearas with Rs 40 per order brokerage there is Rs 25 loss (break even is 2.49). Rs 1.59 break even is good for scalping.
3. There is another point also which can benifit some(just few days ago someone here was anxious wheather he is a marginal winner or not net profit was just Rs 100).
For example after 60 day challenge you may loose the challenge with just Rs 500 where you have already paid Rs 4000-5000+ as brokerage already.
Under new method if it was your 2nd challenge with absolute zero brokerage, you are a winner(also saved the brokerage) and also qualify for zero brokerage for next challenge.
I hope now you understand my point. It is a win win combination for continous 60 day challenge winners. If someone is not confident of continous winner of 60 day challenges, then present method with brokerage refund is good for them. We just can have both options.
Best Wishes & Happy Trading.
H.C.
1. With such idea we can save service tax on brokerage return. There is about Rs 5 tax on Rs 40 brokerage which is not refunded.
2. Net breakeven is calculated with brokerage, without brokerage it is even less. Just calculate net beakeven using brokerage as zero in excel, you'll understand my point.
If you have brokerage calculator in excel just put zero on brokerage tab, you can see how your break even decreases.
Accroding to my calculator(Stamp Rs 200/Cr) if I buy 2 lot nifty @8300 sell 8302 with absolute zero brokerage there is Rs 20 profit (break even is 1.59).
Whearas with Rs 40 per order brokerage there is Rs 25 loss (break even is 2.49). Rs 1.59 break even is good for scalping.
3. There is another point also which can benifit some(just few days ago someone here was anxious wheather he is a marginal winner or not net profit was just Rs 100).
For example after 60 day challenge you may loose the challenge with just Rs 500 where you have already paid Rs 4000-5000+ as brokerage already.
Under new method if it was your 2nd challenge with absolute zero brokerage, you are a winner(also saved the brokerage) and also qualify for zero brokerage for next challenge.
I hope now you understand my point. It is a win win combination for continous 60 day challenge winners. If someone is not confident of continous winner of 60 day challenges, then present method with brokerage refund is good for them. We just can have both options.
Best Wishes & Happy Trading.
H.C.
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