Why Zerodha is not a suitable broker if you are trading with <10L 🧵

An eye-opening thread:

▶️ If you are day trading, one thing you should be bothered about is the charges(brokerage, SEBI, STT)

▶️ Profit/Loss is secondary. Will write about it sometime later.

▶️ Control the charges you pay at EOD.
1️⃣ What people usually do?

▶️ Take 100 trades. Make Rs.1000. And end up paying Rs.3000 in charges. You are only making your broker rich this way.
▶️ Do this on a monthly basis. And you will always be in a loss at the end of the month.

▶️ Kamath Bros are the ones making the money and not you.
2️⃣ Story of my friend(Problem Statement)
▶️ A friend of mine shared his experience of over trading.

▶️ He started trading in Jan'22 with 5L capital.

▶️ He used to do scalping with 6-7 lots.

▶️ Used to do a lot of trades on a daily basis(70-90 every day). Ended up paying a lot of brokerage.
3️⃣ Moral of the story

▶️ Brokers are always winning. Not sure about market participants.

▶️ Money just changes hands in the derivatives segment. Someone's profit is someone's loss.

(70 * 30 = 2100)*20 = 42000 in brokerage at the end of the month.

Think about it.
▶️ Choose your broker wisely. Spend time researching which is the best broker for you.
4️⃣ Solution

▶️ Don't take trades where you lack conviction/doesn't suit your style of trading. Trade your setup. Avoid random trades.

▶️ You can't catch all the moves.
▶️ Try to limit the days you want to trade. Let's say you want to trade non-directionally. You can make enough money(5-6%) by trading just on Tuesdays, Wednesdays, Thursdays.
▶️ You can use alternate brokers like SAS Online, Kotak too. Kotak has hung up twice on me till now, but they don't charge intraday brokerage.
Share you experience with respect to how you look at brokerage. What % of profit is your brokerage.

Comment "Amazing" if you found the thread insightful.
For more such threads in future, follow me at @shivang_ran.

Retweet the first tweet to spread financial awareness.

Feedback appreciated.

Happy Weekend.

Until next time, bye 👋
This is just my 'personal opinion'.

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Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

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Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

2/9

We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

3/9

तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

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अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

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