Re: new cheapest broker is here. Zerodha
I have already opened demat and trading accounts with Zerodha. To tell you all they are the best and strive to excel in customer service department. Just talk to them over phone or email them, you will come to know instantly. They would solve your concerns even on basics like how to trade. Everyone at their place are well trained and knowledgeable. thank u zerodha!!
But, NSE now, .EXE software, as I am very new to online trading, still finding very difficult to understand. A lot of fields to select from. Really confusing to what to select and what not to. I have used Ventura s/w earlier and it was pretty easy. Zerodha people, even asked me to drop to their office to see how a live trading session goes and have my doubts cleared. Planning to visit their office soon.
Zerodha, would give 10 times of cash exposure to 200 odd A group equity stocks while they give 5 times exposure to some 2000 B group scrips. It is the best in the interest of a day trader. I had to close religare and ventura a/c due to the lack of exposure for most of the scrips.
I know that this thread is on Zerodha a/c opening and related. I see that many new members have posted here and also experienced and wise members. If you people can help me clearing my one small doubt I am very grateful to you all. The doubt is while placing Stop Loss buy/sell orders.
I am very new to trading. Please help. Please be specific. I have tried asking the same questions in other threads but did not get an exact answer that I was looking for. thank u ALL here...
scenario 1: Assume a liquid stock such as "Ambuja cememt". Assume that it is trading with a volume more than 2 lakhs at the moment with a price of 100. I want to buy it only when it goes above 101. I will enter Trigger price as 101.10 and limit price as 101.20 or 101.25. All is fine here. No problem. Even if I place order to buy 5000 shares I am sure that it would get executed. No clarification needed here. But, if I enter a limit price as 101.90, does it have any difference on the price at which shares are bought? Please clarify.
Scenario 2:
Assume a illiquid stock such as "Star". Assume that it is trading with a volume of 20 thousand at the moment with a price of 100. I want to buy it only when it goes above 101. Now, suppose if I have to buy 5000 shares of the same; I would enter a trigger price of 101.10. But, how far the limit price should be entered? Does it have any impact on the price at which shares are bought; if I enter the Limit price as 102.00 Vs Limit price as 103.00? Limit price of 102.00 should be enough to buy 5000 shares I guess. But, does it have any impact if I enter Limit price of 103.00? In this case, would the shares be bought at over expensive price than if the Limit price were 102.00?
