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'.

More from All

You May Also Like

Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.


Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.


The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.