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Free Intraday Trading (FIT) By Kotak Securities

May 18, 2018 Leave a comment

The Indian stock markets comprise of 50-60 lac active traders/investors, some 20% of whom are self-directed traders who don’t use the services of dealers to buy and sell. Moreover, day by day, self-directed traders are increasing in the stock markets and intraday trading is a substantial part of their trading. In FY17 the self-trading segment grew from 21% to 29%.And brokerage cost per trade is the most important consideration in short term trading.

A while back, the full services, Kotak Securities came up with the Happy Day scheme, which is zero brokerage day once a week for all customers. This gave the company a spike in market share. Intraday average volumes went by 1.96 times ,of which self-trading volume went up by 1.24 times. Also from a regular day market share in cash segment of 4% their happy day market share rose to 6.16%. Given, the success of this scheme, and the fact that market surveys show that a third of the active traders currently in the stock market would like to switch brokers and their new choice of broker is most largely influenced by brokerage costs, Kotak Securities has now launched a new scheme called Free Intraday Trading (FIT). Read more of this post

Filed under Tool Kit Tagged with brokerage cost, day trading, free intra day trading, free intraday trading recommendations, intra day trading, Kotak Happy day Scheme, Kotak Securities, postaday, self directed traders, share trading, stock market, stock trading

The Edelweiss Mobile Trader For Ready Reference

April 6, 2018 2 Comments

The EMT/Edelweiss Mobile Trader is the India’s highest rated stock market app. Its got a 4.4 Google app rating. And I’d say its well deserved. Its fast, clean and has a contemporary feel to it and packs just about all the information you could want in one place. I simply love it.

An iOS version, rated 4.3 is also available for Apple aficionados.

What are the truly fab features of this free trading app?

1.)For one, you the user,always have access to real-time streaming quotes ,both NSE and BSE, and can track your watch list, monitor the markets and track your holdings,even if you aren’t logged in. And there is none of the 2-3 seconds lag found in most comparable apps.

2.)Then again you can can track and trade across Equity, Equity Derivatives, Commodity, Currency Derivatives, NCDs, Bonds, Debt and e-SIP across NSE, BSE, MCX and NCDEX, all in one place. This is not something you can find being offered by all brokerages ,all in one place, with a single log-in. Certainly my current service provider doesn’t.

3.) Next you can see the Top Gainers & Losers, Most Active, 52 Week High & Low, Volume Buzzers, FII DII Flows, Sector Performance, Roll Over Analysis, Option Chain, etc. details all in one place in a concise and easy to locate manner.

4.)If day trading is your thing,this app also offers users live, tick-by-tick intraday charts to help you take the right decisions on the move. Read more of this post

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How To Trade In The Share Market

April 27, 2017 2 Comments

Serious money is made by exiting your stock holdings by listing your business in the stock-markets or simply by quietly acquiring the stocks of a few select companies and sitting on them for a few decades.

But if like me, these days you have been receiving calls and tips from multiple brokers a day, and can’t refrain from trying to make a few quick bucks by trading, here are some good tips, learnt the hard way:

First do your financial planning in detail so that you know what your commitments are, as well as the maximum money you can afford to lose. Trading gone bad, can and does wipe out your capital and it doesn’t make sense to let greed make you stake or leverage more than you can afford to lose. Read more of this post