Zerodha....

[sayantan2u9]

Zerodha .... when will your 60 day challenge over?...

Also how can know how much brokerage I paid in these last 60 days...if I am positive ?

And are you planning to start a new challenge?

the 60 days challenge is valid for the first 60 trading days

u can always check the contract note to see exactly what amount of brokerage you have paid

new challenge will be started with some modification after some time
(zerodha will answer the question more further , but this what i have read in the forum )

 

[TraderRavi]

Casper,

Though the context of my reply was different (it was to address some undesirable adverse situations), trying to reply to your 2 cent (sorry, paisa) thing... the moment your s/l gets triggered, NOW gives you a signal either written or audio or both... Then it depends on an active trader to change the limit price or keep it as it was... If I keep s/l as 5 points, I generally change my orders when the s/l gets triggered (if possible)...

trigger price is important not limit price , isn't it ..?.....say If I bot NF @ 5080...now SL is 30 points so SL trigger price is 5050....now limit price I usually put 20 - 30 points wider...in this case 5020 - 25.....my SL order always completes around 5045 - 50......I dont understand why people keep narrow gap between trigger price and limit price.....

 

[sachin928111]

zerodha y dont u provide this 60 day challenge to all ur new customers from the day of their 1st trade to avoid multiple account u may charge just doule of account opening charges only as fee. or u may provide first 60 days brokerage free without condition of profit. it will help u make lot of new customers if 60 is more u may provide at least 15 first such days

 

[sumosanammain]

AFAIK, if stop-loss gets triggered, but the whole order doesn't get executed, it remains as open order and one can change it at will...

Now 25 points remain the profit target for small-time intraday traders like me... How can they dare to keep it as difference between sl-trigger and price!!!

25 points might be FAILSAFE for you but FAILSURE for traders like me... Kuch Samjha karo yaar!!!

So what.... its going to hit maybe once or twice in a year. Your target is 50 points per year??????????????

Its a failsafe... meaning, its going to execute around 50 paise to 1 rs..... NOT 25 RUPEES ALWAYS!!!!!!!!!!!!! ONLY WHEN THERE IS A FLASH CRASH LIKE POSITION.

 

[sumosanammain]

O.K. Giving you a recent example to show that sitting on your profit is not enough... Today's market may make you flat or place you underground even when you were sitting on profit.

29th March, 2012 was an expiry when market closed below 5200 (5180 NF to be precise). Good amount of short positions were in the system as market closed below 5200 psychological level at expiry. The very next day market gaped up 55-60 points. The bears were trapped and the market continued moving up... Nifty futures comfortably traded above 5300 and never came down on that day below 5300 once crossed (remember Casper... you told that market is afraid of crossing 5300 and will not... somebody replied that if it has tried so many times & it will)... so day traders who have taken position at opening of the market should have comfortably waited to book profit at day's end (adds on initial position would be malai maarke :lol...
Alas! it was not to be... MNF traded below the LOWER LIMIT (yes, you read it right... It was around 47-4800... ) on that day for few sec... so some unfortunate people keeping s/l-m @ 5300 just lost their profitable positions as well as booked a good chunk of loss due to vagaries of the market as well as the foolish decision-making of keeping s/l-m... Questions were raised... Zerodha and Sumo said it's part & parcel of trading... Later on Zerodha clarified that NSE reversed the trade happened at the lowest price (yeah... the authority cleared the sh** Even EOD charts do not have those price points)... BTW, MNF closed at 5322 on that day...
The above-mentioned 2 examples gave me enough insights to avoid keeping S/L-M orders in the system and giving the market signed blank cheque to rob me at will...

Trading Mininifty, I am sorry to say, is not a professionals game. Please dont mind. There are huge differences, sometimes upto 2 points between the mini and normal size nifty, and if you are watching normal lot nifty charts, keeping a limit order in the market according to THAT chart, Mini Nifty may do a jig of its own, hit your order, whereas normal Nifty would not.

I used to face this, hence, moved away from Mini nifty.

 

[sumosanammain]

Not having a stop loss is what kills an amateur and having a stop loss is what kills an active day trader.. ...

Personally I think, a day trader doesn't need a stop loss order of 5 to 10 to 20 points.. These stop losses over a period of time will burn your pocket.. For a day trader there are only 2 things to do , if the trade is right sit or wrong exit.. Don't understand the concept of having 5 , 10 or 20 point stops.. It will chop you once too many times..

But is Stop loss required?? It is mandatory, but as an insurance rather than anything else.. During all my trading, the biggest problem spots where the days there was some news released, or some bomb blast or some result.. These are the few times when you need the stop loss in the system, because big moves can eat away profits made over a year in 5 mins of day trading... This again I am speaking as a pure day trader...

So, when do you decide that its not working and get out?
Sachin, I know you are an experienced trader, care to share any techniques to try to gauge the direction on the next, say, 8 to 10 points?
Please, do comment on this, it could spawn off a lot of ideas for trading systems by people here.
Any input will be deeply appreciated.

 

[sr114]

sumo

really u siad what is right 100 %age

regards

 

[mrkanitkar]

@ Zerodha.
1.Do we have new date for NSE on NEST? It's pain when you work with NEST Plus and NOW. Now crashes every now and then with Plus.
2. Automated Trailing SL, need badly.
3. like discount broker (you), need discount data vendor arrangement. :thumb:

I suggest you guys to define some complete package. I read trading in FTSE futures on NSE is free @ Zerodha for few days. I suggest to send mail to all Zerodha customers than just post. If you guys can start newsletter (not related to tips and your view) which will give insight about what's new coming from Zerodha,

 

[timepass]

Trading Mininifty, I am sorry to say, is not a professionals game. Please dont mind. There are huge differences, sometimes upto 2 points between the mini and normal size nifty, and if you are watching normal lot nifty charts, keeping a limit order in the market according to THAT chart, Mini Nifty may do a jig of its own, hit your order, whereas normal Nifty would not.

I used to face this, hence, moved away from Mini nifty.

Minifty is not as fluid as Nifty, that's why its movements are jerkier than the main nifty. Still, you can trade according to Minifty charts, not nifty's. What is a real b**** is trading minifty options!!!.

 

[sayantan2u9]

@ Zerodha.
1.Do we have new date for NSE on NEST? It's pain when you work with NEST Plus and NOW. Now crashes every now and then with Plus.
2. Automated Trailing SL, need badly.
3. like discount broker (you), need discount data vendor arrangement. :thumb:

I suggest you guys to define some complete package. I read trading in FTSE futures on NSE is free @ Zerodha for few days. I suggest to send mail to all Zerodha customers than just post. If you guys can start newsletter (not related to tips and your view) which will give insight about what's new coming from Zerodha,

2. automated trailing SL is not allowed by NSE...so zerodha cant do anything..its cant be done by any brokers