Zerodha....

[Zerodha]

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?

Hi Udi, the features that you are finding complex on NOW is what will find it as your strength once you get used to it... A lot of traders on India, don't really spend a lot of time researching the terminals... I would advise you to give it half an hour everyday and look at every feature available, in 10 days you will know the benefits of a lot of these features...

Thanks for all the good words about us.. .

For your questions now,

Scenario 1: If your trigger is 101.10 and limit price at 101.2, especially for liquid stocks, it really doesn't matter where you put your limit buy price above your trigger price... But my advise would be to put at higher limits as sometimes when the trigger is hit on big spike in the stock price, there are chances that the price moves above 101.2 and your order becomes a limit pending order... Happens occasionally, but definitely can happen...
The answer for your second scenario is the same, if the trigger is 101.1, it won't matter if your limit is 102 or 103.. the risk is when you put a limit at 101.2, there might be times when it won't get executed.. 102 and 103 will be as good as market orders...

my advise for you would be to keep trigger prices at whole numbers, instead of 101.1, keep it at 101 or 101.5.. If the markets are spiking, there are chances that your triggers at 101 or 101.5 has a better chance to be hit than 101.1 or 101.2 etc...

Hope this helpls

Cheers...

Sachin

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

Feedback to Zerodha.
I got my account with Zerodha.
1.The gateway with fund transfer need to be with ICICI too.
2.Secondly backoffice help is missing in backoffice software.
3.Fund withdrawal thru backoffice did not work, I called your office and they done.
4. From this forum posts, you can create FAQ and keep on your site.
5. I appreciate that your system - NOW gives access to post closing session i.e. 3:40 to 4:00 pm.
6. You can have online chat system on your website, so your visitors can get answers upfront.
7. If you configure trouble ticket system (many opensource free products are available, you may use SugarCRM too) and configure some email id, where people can send mail. The TT system will auto generate ticket id for you and client and will auto send ticket id to client. Even client can login to it (on your website) and see status. This system can generate dashboard for you to see things like what are top 10 issues people request/ issues etc. PM me if you need more info.
8. For trade management/ contract note management you can provide something like http://www.perfios.com/ - Perfios is free software. You don't need to manage it.
9. NSE Nowonline is really fast...

Kudos to the effort put up in writing this, have taken it on my organizer and make sure that we take all the suggestions in improving the trading experience...
Gateway for icici, is something that is unfortunately under our control.. NSE and icici had some issues which they seem to be sorting out...
Backoffice withdrawals will start working from tonight..
Everything else, that you have suggested, we are already working on it...

Cheers..

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

Hello sachin

It was nice talking to u y-day... 'now waiting for my a/c opening form....

Just wanted to know if you could list some of the common errors and mistakes occur during a/c opening which delays the process and how can one avoid it? If thats not a big ask....

Cheers mate... Looking forward to do business with you...

The forms are pretty basic, delays usually happen when all the documents are not attached... You could call 080-41302020 and ask for me or leave your number on [email protected] asking me to call you back when you are signing the forms... Will make sure there is nothing that you miss...


Cheers...

 

[tradersuraj]

Re: new cheapest broker is here. Zerodha

Hi Sachin (zerodhaonline),

If one were to make use of your 5/10 times exposure for intraday trading, does one need to place only a single order?...Let me explain -

If i had deposited Rs.5 lakh and say i wanted to trade in Tata Motors and it was quoting at Rs.1300...Now, lets say i take the margin..5x10 times and buy Tata Motors for Rs.50 lakh @ 1300...when i clicked on buy would it get executed instantly or would the order have to be broken down into bits?...the reason i ask you this is because i used to have a trading account with Angel Broking and they had offered 10 times exposure as well...i once tried buying Reliance Industries for Rs.50 lakh, but it never got executed, so when i spoke with their exec. he told me that you can take exposure but the caveat being that everytime you place an order..one would have to break it down into lots of Rs.20 lakh..so that would be 3 separate orders (20 lakh + 20 lakh + 10 lakh )not to mention the time taken to pop open the calculator and figure out how much i can buy with Rs.20 lakh which would totally screw up a scalp trade...later i also found out that this was not just limited to Angel broking but with Sharekhan as well..apparently it is some sort of Risk Management system in play..so i needed a clarification from you on this issue as well...Thanks

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

Hi Sachin (zerodhaonline),

If one were to make use of your 5/10 times exposure for intraday trading, does one need to place only a single order?...Let me explain -

If i had deposited Rs.5 lakh and say i wanted to trade in Tata Motors and it was quoting at Rs.1300...Now, lets say i take the margin..5x10 times and buy Tata Motors for Rs.50 lakh @ 1300...when i clicked on buy would it get executed instantly or would the order have to be broken down into bits?...the reason i ask you this is because i used to have a trading account with Angel Broking and they had offered 10 times exposure as well...i once tried buying Reliance Industries for Rs.50 lakh, but it never got executed, so when i spoke with their exec. he told me that you can take exposure but the caveat being that everytime you place an order..one would have to break it down into lots of Rs.20 lakh..so that would be 3 separate orders (20 lakh + 20 lakh + 10 lakh )not to mention the time taken to pop open the calculator and figure out how much i can buy with Rs.20 lakh which would totally screw up a scalp trade...later i also found out that this was not just limited to Angel broking but with Sharekhan as well..apparently it is some sort of Risk Management system in play..so i needed a clarification from you on this issue as well...Thanks

Suraj,

You can buy it with us at one time...No breaking into pieces required....

 

[anayash]

Re: new cheapest broker is here. Zerodha

Hello,

Can you provide me the link from where I can download the NSE NOW mobile application?

 

[Zerodha]

Re: new cheapest broker is here. Zerodha

Hello,

Can you provide me the link from where I can download the NSE NOW mobile application?

Link to download the mobile NOW application: http://download.mobile.nowonline.in

 

[summasumma]

Re: new cheapest broker is here. Zerodha

Link to download the mobile NOW application: http://download.mobile.nowonline.in

Hi zerodha,

does that mobile application support live streaming of prices also?
Or its more of static pages which we need to refresh?

....

 

[VJAY]

Re: new cheapest broker is here. Zerodha

Hi zerodha,

does that mobile application support live streaming of prices also?
Or its more of static pages which we need to refresh?

....

Dear summasumma,
No need to refresh....just like our market watch.....

 

[lonsharim]

Re: new cheapest broker is here. Zerodha

In order to determine if he should invest in a particular company, Philip Fisher reportedly once asked "What are you doing that your competitors aren't doing yet?"

Seems this question is equally relevant to broking firms as well Enjoyed reading this thread. I hope Zerodha will be able to sustain and deliver on its promising start. I was undecided where to open my demat account until I read this thread. So many thanks to all participants. I have contacted Zerodha and will be opening an account with them shortly.

cheers
lonsharim