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Opentrade – learn following star traders
We have stopped accepting fresh subscriptions to Open Trade w.e.f. 25th April, 2018. This platform will be shut-down soon. If you have an active subscription, please create a ticket here for a refund. We apologize for the inconvenience.
Traders,
Over the last 5+ years, we have stayed away from providing any kind of advisory. One of the biggest reasons for us not giving tips is , as a brokerage there is a vested interest in making clients trade, which creates a conflict of interest. We, unlike most brokerages out there, did not want to give tips/advise just to generate revenue rather than for the value of it. Instead, we tried to educate and share knowledge as much as possible using Varsity, Zconnect, and Tradingqna. We introduced backtesting, expert advisors, and advanced charting through our trading platforms Kite and Pi. We built Quant to help analyze personal trading behavior, and more.
We also started the 60 day challenge to give an additional incentive to traders to stay profitable and not just to trade for the heck of it. It got us the desired results, but interacting with our 1 lakh clients, we knew there could be more that can be done to build a community of winning traders.
We observed that:
- Most people don’t have the bandwidth or the background to spend hours trying to master trading the markets. What makes it even more difficult in India is that there is no practical introduction to trading and investing in schools or colleges making it tougher for people to comprehend the concepts.
- People end up following tipsters paying thousands of rupees a month. Such tipsters come with no credibility, and there is no real data to prove whether their tips actually make money or not, and more importantly the nature of tips (buy above this, sell below this, etc) don’t teach you anything about how to invest or trade the markets.
That said, we also realized there is this small community of traders who are extremely talented and passionate. But, the biggest problem they face are:
- Not enough trading capital. A client with Rs 1lk returns 10% in a month which is brilliant, but that is just Rs 10,000, which in today’s world, is not enough to survive trading full time (more than 90% of our traders have less than Rs 1lk in their account). To earn more, he starts over trading taking bigger risks, and eventually ends up making a loss. Most of the times before blossoming into a great trader, the career ends.
Introducing opentrade.in, our answer that will hopefully be the solution to the above pain points. Here is how it works:
- Clients of Zerodha who have a positive track record on their accounts (stars) with us may opt to register on Opentrade. We will select the best traders after careful scrutiny. Their identities will be kept anonymous, and they will all be called by unique star names – Sirius, Canopus, etc.
- The stars will be tagged based on the nature of their trades – investor, arbitrageur, swing trader, etc.
- The Quant reports of their trading activities at Zerodha will be made public on the platform.
- All clients of Zerodha will now have an option to analyze these reports, and follow their favorite stars for a subscription fee that will be shared with the stars.
- From the time you start following a star, you will get his/her realtime trade updates via Email and on the platform. You will also be able to track all open positions and holdings of the stars.
- To ensure privacy, quantities on positions and trade updates will be normalized. Also, trade updates will be limited to only highly liquid contracts – top 500 stocks, and F&O on equity, currency and commodity.
- You will be able to follow one or multiple stars of your choosing.
By putting up these talented stars on a pedestal, we give them an opportunity to earn an additional stream of revenue and stay focused and profitable in their trading activities. The more profitable this star stays, more number of paying followers he will add, ensuring that the star focuses on using his talent to carefully pick trading and investing opportunities.
As a subscriber, learning from and tracking star traders live should give you the leverage needed to push yourself to be a part of the winning community.
We are going live by end of Jan 2016, if you wish to get on the invite list visit opentrade.in
If you are a profitable trader with a good track record and like to be featured as a star, you can raise a query here
Please note: Support for Opentrade will be online-only and the Zerodha support team won’t be able to answer any queries on the phone.
Happy Trading,
I had around 5000 in my open trade account. I didn’t follow any star from quite sometime. Now I got to know that it is shut down. Please suggest what happened to my money in open trade account.
Is there still anything like open trade?? Can I subscribe for any stars??
Please reply.
Hi Utpal, we’ve shut down OpenTrade. This product isn’t available anymore.
I have opentrade account and used facility for one month. In my account balance of Rs 5000 is there, I want to avail again opentrade facility, but I could not open the website as opentrade.in Kindly do needful
May I know the reason for stopping Opentrade subscription? I want to subscribe this service…
Hey Veera, the product didn’t pan out as we’d hoped, hence the decision to stop.
Recently i bought 5 star for Rs 2500/- but as per talk, you do not send any mail, sms or alert about the trade of the concerned star….everytime i have to follow continuously for long time… if u send alert, then we can follow immediately…will u pl clarify ????? from GJ Makwana client IDZF 1396…thanks…
how can one become a star in this platform ?????
Hi, Is it permited be SEBI,as it indirectly leads to recommending trades by star trader for a fee.do they have to register themselves with SEBI, for advisory service. Thanks
Hey Arun, none of the Opentrade ‘Stars’ recommend any trades. It’s just people sharing the trades they take with the public for educational purposes. As such, these trades are meant to be consumed for educational purposes and not to be construed as trade recommendations.
i have an account with zerodha wanted to follow one of the star what is the charges
hi nithin, now u should start trading classes either free of cost of for nominal charges. i am wandering in this without enough knowledge..even though i read training material, i now need real time training, or to understand from real time trading..intrest is ther but nothing really working out. planing to attend a training class but everything come in higher price..even i pay it by taking loan but dont know whether it is good or bad training
hi..
Please add lower price band/Upper price bend data in particular stock in depth menu..
So it will be more benefit for trader.
Yes, we’ll add this soon.
Hi Nitin- Opentrade is such a lovely innovation and an amazing idea. Thanks for giving us an access to the trading strategy of some of the stalwarts of intraday trading. The only issue i have is the lag in getting the alerts. I am also not getting any SMS alerts. Can anybody please look into it?
Hey Zeroda, Loved it
Sir,
I recently joined Zerodha. Earlier i traded with ICICI- D from last 4Years .Now i am switched to Zerodha .thanks for giving intellectually ,beautiful& economically designed platform.Everything is fast here. Zerodha you are best.Thumbs Up.
I recently joined Star program OPENTRADE .its worth it and i liked .Plz help ..Can u explain how to study and get benifits with this feature.
According to me, Zerodha is giving an excellent service to their clients in all possible way. I sincerely thanks to Mr. Nithin Kamath and team. The history of the world is that who ever kept an attitude of sincerely helping others while earning their revenue is grown above the sky and rest of all are perished. So again a big salute to Zerodha team
Is it a chargeable service or free….?
If I subscribe this service then how to get notification of different levels
Good evening Nitin sir,
sir I am using pi, is it possible to add andrews pitchfork tool and its copy option (means after drawing the trend line / andrews pitchfork copy the same trend line and paste) option and ichimoku cloud in tools, triple ema options. I heard that these features are available on kite, pls introduce those tools in pi also.
thx n regards
bhagya
Hello Mr. Nithin, If im trading with a capital of 1Lac so is it recommended to follow a star whos also trading with that much ?
Hey Kartik, that’s a choice best made by you.
Is it a chargeable service or free?
If I subscribe this service then how to get notification of different levels.
Out of 5 Credits… can I use 1 Credit each for different different stars for continuous 5 months (total 5 different stars in 5 months)?
Yes, you can.
There was a time stars had followers to the tune of 250. Now the highest number of followers a star has is around 75. The fall in number of users is not because of the failure of the idea of open trade but because of the tool not getting the attention it deserves from the people who run it.
None of the stars’ stats are accurate. Stats aren’t updated. No update from Zerodha about when things will be fine. These are statements one could never associate with Zerodha since solutions to problems used to be swift. Hope this tool is revived and given the due attention that it deserves before it’s too late.
Arjun, the issue with opentrade is that it is kind of grey in terms of regulations set out there. We haven’t been able to get a full fledged approval for this. Hence we have been going easy on it. Let me try pushing this to regulators once again, if we dont’ get it, we will maybe just shut this down.
A nod from regulators would be a positive step. Thanks for the efforts.
How much does a star gets paid per subscriber?
After Update my Star ARA is not visible in opentrade , I am earning 20% Returns per month.
Also Request to update streak as all streak not updated from 31st oct
Best if you write to [email protected].
As usual Zerodha is only replying to the questions they have answers for like above. What about those of us who have paid 2500 and bought 5 credits only by looking at old not updated data from opentrade ?
Hey Arjun, hard to check without details. Can you please email opentrade[at]zerodha.com?
I have account with zerodha.
I’m interested trading in futures. For future segments how many times exposure will be given by zerodha? For example, if I’m having 3,00,000 in my zerodha account, how much exposure I can get for trading in future segments?
You can check it out using our margin calculator.
Want my money back..
App is not getting updated..
Subscribed to a star and after analysis got to know that data is not updated..90days and 180days profit are not what i saw before subscribing..
Total waste..
Hi Nithin and Team,
Today I subscribed for this service.
For one of open trade user query,
Kajal Agarwal says:
September 29, 2017 at 10:32 am
Sir All stars Capital, Percentage Returns is Not Updated from 6 month’s.
Zerodha should take is seriously to update the same.
How I can trust .. this service? kindly clarify…….
Hi Nithin and Team,
I have submitted my query yesterday to get featured as a star trader on opentrade.
Kindly assist me with the solution as early as possible.
Ticket#
20171020790019
Thanks.
I would like to see an option, not only to get notification but also to execute the exact trade probaly with some varience.
Say if my star bought a stock for Rs.100, I would like to buy the same stock anywhere within Rs.100.5 (i.e. Rs.100 + 0.5%) and quantity is determined by the amount I set aside (say Rs.10,000). In this example, I can buy 99 quantity with a limit price order of Rs.100.5.
Would you be offer this feature with Kite/OpenTrade or do I need to leverage the API? If yes, is there an API to get the executed orders from OpenTrade too?
Shankar, you can post Kite Connect (API) related queries on the Kite Connect forum.
Shankar,
Were you able to automate the trades of stars?
That would be a really nice step to reap instant benefits from the subscription!
Regards.
Very interesting initiative. It all makes sense. Signing up and thanks 🙂
I m using open trade and subscribed to Leo, ARA and URSA Major , However after following them for more then one month and analyzing data for past one month what I found they are actually making losses, However their profit is showing same % as it was ,one month back. Even their 180 days profit and 90 days profit % is showing same.
It is difficult to digest that when they are making losses how their profit % can remain same. I am afraid it is not done to misguide followers and Zerodha purposely giving false data. can you please check and verify if % of profit you are showing is correct?
Sir All stars Capital, Percentage Returns is Not Updated from 6 month’s.
Zerodha should take is seriously to update the same.
I am getting tips and technical picks messages regarding zerodha . Is it now zerodha providing technical picks.?? Whatever i know zerodha always says it does not provide these type of messages.
Zerodha does not provide any advisory regarding trading of stocks, nor do we offer portfolio management services. Beware of unauthorized website/SMS/email for trading calls or portfolio management services in Zerodha’s name. If you find any suspicious message with our name, report it to [email protected]
Dear sir
I am using Kite platform but if u can add some features like
1. Add more scripts above 20 ( as it is max of 100) please max it
2. in holdings (market depth not shown)
3. Add Currency & commodity section depart from Equity
thanks
I want to open my demat account through using aadhar card online.. So in that is it required kyc registration for PAN card?
From tomorrow we are allowing to do KYC/esign even if you aren’t already KYC registered. Do wait for a day.
Hi,
I am completely new to trading. Somehow I joined Zerodha. I look forward to be here in days to come.
Thanks
PSR
Today i purchase 5 stars after 5pm – I want need help how to follow from tommarrow, I am new to this. I spoke to u r customer case . How to start with . i Purchase PAVO Star. How I should go abt it
One query for zerodha if any Star is doing hedging trade like buying 1 lot of future and 2 lots of options, but we will get updates of only positions and not qty so better start giving Qty also for better understanding.
Hope Stars also do not mind and consider followers request.
THANKS A TON TO ZERODHA.
AFTER MAKING LOSS FOR NEARLY 5 YEARS AFTER FOLLOWING STAR ARA I AM IN PROFITS NOW.
ADDED MY OWN METHODS ALSO LIKE FIX CAPITAL FOR ALL TRADES, RISK:REWARD OF 1:2,ONLY 1 TRADE IN A DAY.
THANKS STAR ARA AND ZERODHA FOR CHANGING MY LIFE.
Dear Mr. Nitin,
is their any option in Open trade that our trades get automatically executed as per our following stars?
Thanks,
Yunus
No such option.
Dear Nithin ji,
Are you having a option of Copy Trader option for long term trades like buying stocks for 1-2-3-5 years.If you can have a such a option where a client can buy stocks which are currently trading at low price and have potential to increase in value over 2-5 years, such an option will be valuable to clients who while working in their regular jobs can also trade in stocks and build their wealth instead of becoming a regular trader or short term trader.
Hope you reply to my question or think about it and reply.
Thanks,
sanjay
Copy trade is tricky in India because of regulatory issues.
What is payin and payout charges..
Why am I being charged everyday this.
There is no payout charge. If you use payment gateway to transfer funds into trading, there is a Rs 9 charge. Check this:https://zerodha.com/fund-transfer. You can use NEFT/IMPS and avoid the charge.
Can you simply copy trades and execute them automatically? Is there a feature too?
No. Essentially you can follow and learn.
I have subscribed STAR ARA , thanks Zerodha got benefited from that, but in opentrade ARA capital is not correct.
Hi, Could you write to [email protected] with a screenshot and we’ll have this checked.
Want to follow and buy only one star. How to do it?
Hi Sanjay,
If you go through the below link, you can signup and add a star.
Check here
Hi Sanjay,
Check here and check which star you’d like to follow and proceed to payment.
I subscribe to OPENTRADE but it is down today with Server Error(500).
Any updates?
Hi,
First of all I would like to thank the team doing awesome 🙂
So far I have used several trading platforms but was always unhappy. There comes Zerodha, I said Good Bye to rest.
I have few queries on OpenTrade
If I would like to follow a star I will be interested in details like:
1. Category (like intraday, short term, long term, all or mixed)
2. In which category person is more profitable (percentage wise)
3. Do I get an alert / notification in kite or opentrade account (when logged in, not expecting it when I am offline) if the star I am following does a buy/sell anytime?
4. Does it show the number of shares bought/sold by the start and price at which is done?
5. If I am not happy with a star I am following for any reason can I switch the star (one or all) within the period of 1 month (since I paid for it, I expect I should be allowed)
6. Does a star trader gets an option to set say if he/she is going quite for a while so the followers are notified?
7. To value our money, instead of monthly fee can it be considered as for 30 ‘trading days’. In a month there could be NSE/BSE several holidays. Also as a follower can I pause following if I decide to go quite for a while or taking a vacation? May be I can turn off only once per 30 days
8. Can a star see his/her followers holdings / portfolio?
Bouncing this to our tech team.
Hi Manjunath,
You have posted very valid questions/expectations. I was expecting in similar sense and ended up paying. It is little bit disappointing to see that there is not a whole lot of information available 🙁
You can see whether a STAR has bought/sold a particular stock (with date & time) and at what price without info about the quantity of stock traded by the him/her. You can’t easily connect the dots because there is too much pagination without proper filters available (Date/Stock etc.)!
There should be some way to feel the STAR before having to spent the credit on him/her for whole month!
Hope Zerodha considers the feedback and makes it a more joyful place.
Hello Mr Nitin, Can we have something like GTC order in normal Equity trade??? Really miss this feature
Please update All Star capital,Return performance and delete the inactive stars.
Thanks in Advance
Hey Kajal. We do run periodic checks on all stars and keep the platform updated.
I am glad ,you are bringing new initiatives into reality. I appreciate the creativity and hardwork
However, I want you to concentrate on few issues in Kite and resolve them.I could neither update my order nor initiate an order few days back, which obviously is not at all good, you know how important each second for traders.
Also i had faced issues during peak loads ex:During Trump win and Indian surgical strikes on pakistan
You should get the load test done and solve these issues
Thanks
Hi Nithin,
This is regarding ATP in the Kite as it is currently only visible in charts but i think it should be available in the market depth too.It ll be helpful for the trade.Awaiting your response.
Regards,
Radha Krishna.
Hmm.. checking if possible.
I recently subscribed to few experts. I read somewhere that trades get automatically copied. But I see no trade is getting copied. I thought no manual intervention was needed and thus I subscribed this feature. Is it something I am missing here? Does Zerodha have this or not? If yes, is there a process to enable this “copy trade” feature?
Thanks, all in advance for the help.
Ah no, no concept of copying trades.
I am not a star, however incase I become one can you share strategies to gain more followers please?
We don’t share any strategies with anybody.
Hi Nithin,
joined Zerodha in April’17. Hats off to you and your team for all the innovative initiatives. Very interesting to know the efforts being put into to bring retail traders (having seen dealers and big ticket guys make money in ways only they can afford to) on par with the “big fellas”
Cheers,
Phani.
Thanks Phani, I’ll pass on your good regards to Nithin.
Hi,
I had recently subscribed for open trade. I opted to follow 5 stars by paying rupees 2500 for 1 month.
Based on the information on the screen of the stars I had chosen to follow 5 stars. At this moment I was not given any detail of whether this star is doing a continuous trade or not day by day.
After choosing a star I found that one the stars is not making any trade for the last few months. Had I been shown all the trade, this star is making, in the initial screen itself, I would not have followed this star. So my star choice went useless as far as my day trading is concerned.
Even in my rest of the 4 stars, the portfolio details are not coming for 2 stars. I had posted email reporting this problem and awaiting for the clearance of the snag for the last 3 days.
My sincere request to you to make the Open trade, a marvelous one like your other products, since your concept of open trade is truly beneficial to all concerned.
I decide to follow a star, but the star decides to stop trading for some reason. Is he allowed to stop trading as per Zerodha terms at the time of becoming a star? Secondly, how long can a star continue to remain a star?
Star can stop any time. You can send an email to [email protected], we will do something about this credit. Star continues to be there as long as he is managing to stay profitable.
@Nithin,
Why quant sync not working now?
Sachin, we are working on releasing the new version of Q/Quant, for now we have stopped supporting the old version of Quant. Give us a few more days.
Yes ,
Nitin its good suggestion kindly try to implement.
Kindly update capital,profit percentage,no. of active followers for all stars on daily basis.
So that any person following star will not waste his Rs.500 for inactive STAR.
Also Request to add comment section for very star so that they can do marketing and tell benefits of there strategy.
Thanks
Hi,
1. I joined opentrade in 22/12/2016 and started following 3 stars since then. I also remember that I unchecked the auto renewal tickbox for following the stars. But to my surprise I am still following those 3 stars after two months without costing additional credits. I think there may be something wrong.
2. After spending one credit to follow ERIDANUS today, I found that his last trade was on 25/01/2017 which was more than a month. I think if we can see the last placed trade date, people will not spend credits on inactive stars by mistake.
3. Overview of various stars like ERIDANUS, CARINA, LYNX does not show any info. But overview of ANDROMEDA is showing Profitability, Contracts, Streaks all these details correctly.
4. Is the Flashback feature removed from quant backoffice?
1. Can u send an email with your client ID to [email protected]
2. Yes, we are doing something to have this fixed.
3. Having this checked.
4. It is not, u have to send an email to [email protected] to sync the latest. We are working on moving to our new Q which should fix all these issues.
Rajat,
From you experience you suggest to go for ANDROMEDA.
If I want to see most recent comment then ?
I have to scroll from first line ” January 11, 2016 at 7:51 pm……. to….. scroll…. scroll…. scroll……. scroll…… scroll………. till… March 3, 2017 at 12:38 pm”
Means I have to scroll through more than 14 months comments…… It will become more and more difficult as months are passing.
It will be better idea if you can revers sequences of all comments by putting most recent comments on top instead of last.
If there is any other logic behind it, please explain me.
hmm.. the logic initially was that if there is any query it will probably be already asked, when u r scrolling you will spot it. But I get the issue you are pointing at, let me see what we can do about it.
Just put in a “scroll to the last post” button..so those who want to scroll through can do so and for people just wanting to check the last few comments can do so easily
Team,
New to opentrade, I need your advice which start to follow. I’m interested in interday stocks , futures, Index.
Can somebody please advice me.
I was worndring, can’t just one star for a month and try his calls. I see that there is no options for a month.
Sir. Would like to know whether purchase of NCDs are supported in your kite platform..
Yes
Hi see that Live Feed is not displaying the data for the trades done today. Screen doesnt show today’s trade but I got the email stating today’s trades done by Star – Leo. Can you suggest why is that?
Hi,
I am following two stars ursa major and andromeda.I am not getting live trades for andromeda from feb 13 2017,but i can see holding positions…In overview (andromeda)showing profit and loss for feb13,feb14.
Hello Nitin Sir,
plz provide your mail address i found mistake in kite , i alredy tell to your technical team but they are not able to solve my problem in kite.
[email protected]
Sir, just wanted to know that can a stock (equity) and the future of same script run in different direction??? for example if the stock price of a xyz script is increasing. can this happen that price of same xyz industry fututre contract price decrease at the sams time??
Futures = Spot + cost of carry, so sometimes it is possible that futures and spot don’t move hand in hand. As markets get closer to expiry, or if some big traders are taking positions in futures or when a stock has announced a dividend – times when futures and spot may not really go in sync.
Hi OT Team,
Looks like the Overview chart for “Hydra” is not getting updated since 17th Jan?
Anyone on it?
The star has been trading daily, but not showing up on the chart.
Regards,
Mangesh
How can we know whether the star is a intraday trader or a positional trader? Secondly, how can we know whether he trades in futures or equity? Please guide on these 2 questions as I want to know this before subscribing. thanks
You can see an average trades per day https://opentrade.in/publishers/. You can go to overview of each star, you can see the persons top traded contracts.
Wow…All Stars capital,profits updated and daily getting updated.
Kudos to zerodha team.
Nithin sir,
Is back office issue over let me know i like to join opentrade Platform which is trouble free
HII NITAN
what happen to CASSIOPEIA star ? is he really lost such money? .
This is the second complaint in a week. I am following Andromeda star. Did not receive any trades for Jan 19th and no trades are visible for Jan 19th in trade history. But if you look at Overview, Andromeda had a loss of INR 19,250 on Jan 19th. Again a server problem?
Hi,
Was the mail server completely down today? Or is it really that no trades were executed by all the four stars I am following? I received no trade alerts today!
Can you send your client id to [email protected]
Are you not revealing the real %, because it is much less than what is displayed on the web?
Are you worried that many stars will go into negative returns if updated?
Don’t understand the reason for not fixing this for months.
Shyama, we are having small issues with our backoffice which is a vendor based product. We are all currently trying to move to our in house platform. Once done, there shouldn’t be any issues on opentrade in terms of profitability graphs. Hopefully should be sorted in 2 weeks. Until then we have done a quick fix, everything should be updated by tomorrow morning.
Thanks Nitin. That really helps.
Nitin,
The profit % is not updated for months for any of the stars. Atleast declare so, so that gullible ppl wont get misguided. Why has zerodha stopped its initial enthu in maintaining this website. For any query, we are asked to send email. No email is needed. The problems are quite obvious. First thing, pls look into the updation of profit % for all starts. Also do mention at what frequency will it be updated ( weekly / monthy )
(no response , reposting)
Shyamaa, are you referring to any particular star? Can you email me more details on [email protected], I will have this checked.
Nitin,
The Avg Capital and % details of scorpius …remaining same for months…inspite of trades
Nitin,
The same issue is with the stars Ursa Major, Lynx, Leo, and Carina. All other remaining stars’ stats are no exception as per my observation. The avg capital and profit has remained same for many months rendering the data as less useful and misleading new subscribers.
The chart that displays in the Overview page also don’t update on changing the options in the drop-down.
I hope to see these things fixed soon.
I am awaiting a fix on this since I have observed this bug and brought to the notice (it’s been around three weeks now)
I am awaiting a fix on this since I have observed this bug and brought to the notice (it’s been around three weeks now)
I’m following 2 stars as of now, but they do only or mostly intraday. Do you have any plan or listing who are doing BTST/CNC or positional buy/sell? I have added 5 credits but they will be wasted as I’m not in intraday, so for me opentrade is totally useless.
Hope there will be lot of people awaiting for above feature (have checked few in tradingqna)
Thanks.
Why is there a lot of difference in followers from one person to other? Example one person generating 200% return and other person generating 170% returns. The former has around 250 followers and the latter is having only around 50 followers.
Hi Pranay,
Ursa Major, Pegasus has been in opentrade from the past many months whereas others are being added every now and then. And I also heard old players like Ursa and Andromeda have been consistent return generators. Moreover, they have a good base. It is easy to generate 200% on 50k as compared to generating 200% on 5 lakh. I guess that is the reason they have a good brand.
Zerodha must also add new stats like how many 60 day challenges these traders have won, their total trading experience with Zerodha, their basic strategies, etc. Please look into it.
Hi,
How long it will take the payments made to reflect in the open trade account, to select my stars to follow?
In spite of mail sent to support team , I am waiting since last 3 days to reflect my payment credit in the open trade.
Hope some one resolve this.
Regards,
Chethan.
RC0547
Hi Chethan, Credits have been updated.
Thanks Venu,
Now I am able to see the credits in my account.
regards,
Chethan
Dear Team,
Kindly make it minimum one credit for 500rs..its hard to take 5 credit at a time..for beginners its very difficult to buy 5 credit..please have look on this..i hope you will do something positive for us..
I am following a star Andromeda. Yesterday, until market close, Andromeda was holding 3 positions, one of which was “Sold DHFL JAN FUT”. Today morning, before the market opened, I noticed that all three positions had disappeared. I also checked Live trades and Order history and nowhere does it show that the positions were exited. That means there was a clear flaw in Zerodha to not register position exit. I lost almost 15k due to this today. What is the point of paying for this service if I am not receiving the correct data?
Prithish, having this checked.
Received a call from Jawaad regarding this issue. He confirmed that there was an issue on Zerodha’s server due to which there is missing data. Zerodha’s initiatives are absolutely great but the execution is very slow and has flaws. This program should have been out of beta long back, as no matter how much we call it an “education platform”, it is actually used by star followers for making actual trades.
Hi Pritish,
Even I have noticed this quite a lot of times… Also, some of the Buy/Sell trades are not at all followed up by an Exit trade, instead there are counter trades.. This is actually confusing the follower as to whether the Star has exited the existing position only or whether he has additionally added to positions in the counter direction!
Hi Team,
Why do we need to buy a minimum of 5 stars, i.e. have to pay 2500/-?
If it could be set to a minimum of 1 star, i.e. 500/-, it will help to check whether this strategy works for us or not & then we could buy many more stars
Please give it a thought…
Thanks,
Dheeraj
Hi Nitin,
Still awaiting response!
Cheers!!!
Hey Dheeraj, we will take a call on this soon.
Hi Nithin,
Kindly confirm if you have taken a call on reducing star credits to a minimum of 1…this will help many people like me who wish to try it out before jumping into the fray…I see similar request from other participants as well…
Thanks much!!!
Not yet Dheeraj
Great learning Initiative by Zerodha. Have been following Ursa Major from the past many months. I have achieved huge profits in the last 3-4 months which covered my two years of losses. Thank you for the platform Zerodha.
Hi!
Is there anyone maintaining the website and looking after it?
Hi, Yes, very much. Will get someone to call you and help you with the issues you’re facing.
Hi,
I am still waiting for an update… Is there anyone working on it?
I have already paid the credits and used them, but the data provided in not up to the mark!
We are making a few changes tonight on the historical data.
Hi,
1. While opening the account in opentrade, it showed me a page to give permission. But did not specify any details on what it exactly requires. Can anyone explain what kind of permission it requires? How can one remove such permission? (if needed in future)
2. Do I have to use all my credits within a time period?
1. The permissions are for Kite connect.
2. No time limit, you can use them as you wish.
Dear Zerodha Team,
Ever since I have followed one of the stars at the very start of December 2016, the profit percentages haven’t been updated for that star, rather for any other stars I have been tracking. What is the frequency of the details being updated for the available stars?
If it’s not being managed well, kindly requesting you to look into the same.
Thanks,
Mangesh
Dear Zerodha Team,
When can we expect an update on the issue? I have been now following 3 stars and the issue remains the same for all of them! I hope that there is someone supporting and maintaining this platform… We have paid for the credits, but if this is not being looked after, what’s the use?
Also, the trade updates are not real time, sometimes getting delayed until we refresh the page.
Thanks,
Mangesh
Hello Zerodha Team,
Kindly respond as such comments are refraining people like me to buy STAR credits…
Thanks,
Dheeraj
Mangesh, can you email to [email protected] with the star details.
Nitin,
The profit % is not updated for months for any of the stars. Atleast declare so, so that gullible ppl wont get misguided. Why has zerodha stopped its initial enthu in maintaining this website. For any query, we are asked to send email. No email is needed. The problems are quite obvious. First thing, pls look into the updation of profit % for all starts. Also do mention at what frequency will it be updated ( weekly / monthy )
Hi Nitin,
Kindly iron-out such issues so that new users don’t think twice to purchase any of these services…
Thanks much,
Dheeraj
Suppose I got a mesage that my star has bought a scrip . Following him can I execute my buy order here at opentrade.in or in the Pi or kite or Nest Trader .
You’ve to place the order on Pi/Kite.
I am a small trader. I want to trade in Nifty Future and Option on intraday basis . So Pls suggest me an active star so that I shall not be regretted like Biku.
Suppose i Bought five credit ,where can I see the activities of my oppted star ? Can I place my order in the same site? can I change my star in the middle when i so wish ? Shall my remaining credits be refunded if I not satisfied with the service ?
There’s a tab called “My Stars” under which you’ll find all the stars you are following. Live trades will be displayed under ‘Orders placed by stars’ on real time. You can’t change your star and all payments are non refundable.
Thanks for your quick reply.
Disappointed to see that not much effort is being put to improve such an amazing tool from zerodha.
Do you guys track defects in a formal defect tracking system? One for you:
HYDRA avg capital shows 43372 on ‘Publishers’ page but when you click on it and select ’90 days’, the avg capital becomes 79.34 lac. Select ‘180 days’ and it becomes 1.34 cr!! Go back to default selection and it shows 2.18 cr!!
Whatever happened to 43372?! Not sure how to select a star to follow based on this kind of incorrect data.
Also look at the profit percentage. On the main page it is 190% but the details page shows ~1%!!
Idea sounded exciting so I bought a couple of credits.
The star I followed does not seem to have any portfolio or trade since the last 10 days.
Difficult to know who is active & who is inactive without spending your credits.
Wish you would do some thing about this so people get value for there money.
I’m regretting my decision of buying credit worth 2500/- and following a ‘STAR’ on Open Trade . it doesn’t give much information, so i really can’t get it.
message pops up when the “star’ sells a share or buy like:
MOIL Bought 350
TATASTEEL Sold 250
. It really doesn’t helps much actually .
I was hoping that i will get to know the followed “star’s” whole portfolio like how much shares bought or sold, how long it has been hold, like that . The identity of the client we followed i.e the STAR is remains hidden afterall.
I still got 4 credits left and waiting for some improvements from zerodha.
Saw another star HYDRA holding positions NIFTY16DEC8500CE and NIFTY16DEC8700CE. Is there a Nifty call option expiring on 16th December. If not, what is this trade? As per my understanding the expiry date of Nifty options for this series is December 29th.
Jose, I think it has something to do with new stars added yesterday. We will fix it soon.
All december contracts have 16, that is how exchanges send contract description.
Correction. Portfolio not blank for BELLATRIX but that doesn’t help. He cannot do this trading with average capital rs 9594. Capital should include funds locked up in loss making scrips being held in portfolio. This is misleading. Rs 9594 I guess is the left over money.
Followed star BELLATRIX. Graph shows active trader since Jan but live trades Blank, trade history blank and portfolio blank. There should be a trade history if he was trading since Jan. Don’t rip off customers like this. Please refund my one credit. I shouldn’t be paying to see a blank screen.
Jose, can you send an email to [email protected], you can mention this and request for refund.
Got a few questions after reading the questions above :
1. Has the semi automate feature been built ?
2. It would be even better if we can have a fully automated system. That is if the regulator permits and also could there be a work around to the regulator situation legally?
It would be great if you could add in a ratio feature and/or an upper limit for the follower to replicate the trade with a single click. Let me explain :
If the star executes a 1000 stocks trade and I want to do a 100 stock trade then I can mention a ratio of 10:1 . (Also taking Normalisation into consideration)
Or an Upper limit would mean I say I would allocate 20000 to this star’s trade and the system buys as many shares as possible within that amount.
1. No
2. Not possible compliance way.
Please clarify the following:
1. is it auto trading?
2. Do the trades also reflect take profit and SL applied or will i need to sit infront of the monitor 8 hours a day to track updates?
1. No
2. I didn’t get what you are asking. This is essentially an education tool of sorts to figure what the winners do.
Hi, I would like to know, if I follow a star trader would I be able to see the technical analysis and his way of analysing the charts? For instance say that a star trader is trading based upon Moving Averages, would I be able to see his/her chart and the MA value used by them?
Ah no, you wouldn’t be able to see the exact strategy.
Oki, tq for your prompt reply 🙂
Could u pls brief us on what details I would be able to see from the star trader?
Kumar, it is explained in the post above.
I have subscribed to opentrade. The time stamps with the date are mostly outside the trading hours. Can someone explain, why? Actual bought and sold transactions are shown outside the trading hours..
Would like a feedback from the Mgmt, whether they are serious in continuing this or not. As I said before the status of return % is close to 2 months old.
Swami, can you send me a screenshot of this to [email protected]
Guys , this is good work when it was started. Now it is not being maintained.
The return % is not updated for 30+ days now. On what basis can new subscribers subscribe..
Having this checked.
Any updates?
Hats Off! Team Zerodha.. you are revolutionizing the way trades are done in India! This is what I call as true development through empowerment, which you have done.
Thanks for everything!
How can we check the returns we have made in percentage.
It would be useful if you display the returns percentage in the account along with amount.
Hi Nithin,
I am star trader in opentrade. My star name is ERIDANUS. Return value in the report seems to be very low.Return should be calculated based on the capital what I had when I trade particular position. It should be weighted average return or something equal to that. It seems like I made huge profit some months with less capital and recently I brought big capital. The return is calculated for the whole capital from Feb 1. Can you somebody arrange call back from zerodha on how they came to know this return?
How often you used to update reports? Monthly once?
Return calculation seems to be illogical. I have pledge 15L liquid bees (13.5L collateral margin) where my return is calculated based on total capital including 15L, but return from liquid bees is not considered.
When I change the different time frame, the report is not changing.
Thanks
Jegan
Can you send an email to [email protected] with your contact details. He will call you back on this.
Seems return percentage Not reconciled for PEGASUS after updated avg capital?
Hi Nithin,
I am currently following 2 stars. I have a suggestion for you in ‘Opentrade’ live feed window.
Try to include the trade type (Normal, MIS, Cash) along with existing details.
Currently our systems don’t track the product type on trades. We’ll take your suggestion and try to incorporate it in the future.
if we opt for 5 stars ,can the trades of those stars can be viewed in mobile version of kite.zerodha also as i used to trade in the same plotform.
please clarify…
No, you don’t get alerts on Kite mobile.
I am following a star and able to open its flashback tab, but it is blank.
please provide top 10 buying scripts n selling scripts in zerodha as a new feature.
You can assume that margin will go by atleast 200 (loss in option) x 75 (lot size)
how do one become a star trader??
If you have been performing well, send an email to [email protected]
It is more beneficial for beginners if there is 1 month trial for 3 star or like that. (i.e. 3 credit on signup).
Seems, price quite high for small investors like me, smallcases seems more economic.
Will opentrade continue to work in the light of recent SEBI recommendations about not allowing brokers to send any buy/sell sms (as these will be treated as advertisements and needs to be preapproved by SEBI)?
Firstly we are not sending any recommendations, this is essentially like an education program. But I get your point, SEBI hasn’t put out any regulations yet, they are recommendations. We will take a call once the circular is put out.
Hi,
I trade on mobile app KITE only and wanted to know after registration with a star will I get notification on kite app or only through Email??
Currently either through the email and desktop notification if you are logged into opentrade.in
Hi,
Are selected stars using some software to pick the stock? how they identify stock for intraday trade?
We only choose consistent profitable traders without getting into the details of how they trade. http://zerodha.com/z-connect/category/zerodha-60-day-challenge Do go through these interviews, which will give you an insight into how profitable traders trade.
I am new client just joined your team. I want to follow the stars and copy their trades automatically without logging into my a/c is it available with you, as of now ?
Trade automatically is not possible. The idea of the platform is to provide you a platform to learn from the stars and not really a copy trade platform.
Then the idea is incorrect. Learning from the trade will work only if reasons for entering & executing a trade are provided. Copying a trade is what 99.9% of users will be doing.
Optimally, opentrade should provide trade copy configuration that maps trade execution/capital to follower and execute trade according to it automatically on zerodha.
If such a thing is legally not viable, then semi-automation where the follower is required to finally confirm the automatically opened order window.
Don’t kid yourself that this is a learning tool and thereby inject delays of manual order entry into it.
Dear Nithin,
Would you be able to also add an option of “Copy Trades” from the star? This way the normal trader would just have to click on the Copy trades and boom… the trades are executed in his account too.. Just a suggestion..
Regards,
Shree
Hmm.. don’t think can get approvals for that.
Why not build copytrade as a separate entity, not controlled by broker? Won’t that help?
Hi Nithin,
I am very new customer in zerodha.I dont have much idea about 60 days trading challenge.
But I initiated it wrongly.It is showing challenge started.Is there any extra charge involved for this service if I failed.In that case how can I cancel it.
Bcz first I need to familiar with the all the basic services.
Thanks
Sourav
Client id: PS8304
Sourav, there are no extra charges. At the end of 60 days if you are profitable, the brokerage is refunded and you get a winning certificate. No charges for any of this.
Nithin
How u r going to judge whether its porfitable or not. Means is there any level for reaching these amount or percentange in that specific time horizon.
And lastly I must tell that the service and charges you r provided is excellent.
Thanks
Sourav, the client has to be trading with us to be a star. Once the person reaches out to us asking to be a star, we check the profitability before putting the star on the platform.
Pls clarify..
1) if I follow a star can I get the immediate updates once he placed the order?
2) If am well versed in ta and f&o, through stars trade orders with time I can easily able to find the stars strategy. Is it possible to do so as u mentioned open trade is an initiative for learning.
1. Yes
2. Yes, if you follow the stars closely, you should be able to soon start picking up on their good habits of trading.
Hi Nitin,
I had won 60 challenge program 3 times continuously. I also received an email from Zerodha that my profile had been qualified to get published in opentrade. It has been 3 weeks now. I sent mails and made calls. I got a reply that they will get back to me once star name is assigned to me, but do not know how long it is going to take.
Any idea how long it is going to take? How the money is given to star trader for each follower? will it be credited to trading capital as we get brokerage refund? Star would be given any details to see the list of followers?
One more thing, I do not see 60 day challenge winner list in zerodha right now. Any update in the website? I do not receive certificate for my third challenge win.
Thanks
Jegan
My client id: RJ1407
Jegan, the 60 day winner list will start showing up soon. Money for opentrade is sent to your bank account. You can also see the number of followers, not names etc.
Nithin,
How many days will it take to publish new set of stars in opentrade? I am curious to know.
If I do algo-trading in future, am I followed to participate in opentrade?
Thanks
Jegan
We are adding some more stars next week. As long as you are making money, you can be a star.
i am following some stars…can u explain the feature of automatically refollow?How it works?
Automatic refollow means if you have clicked on this, once the subscription date is over, it will automatically subscribe for the next month.
I want to know What is the monthly price to be paid for one star for one month. Whether i have to pay in advance or after the month. How can i get all these tips /advice ?
I have bought 5 Credits. but it does not get reflevted in my Account by which i need to follow Stars.
Hi Nithin
I need to know the profit%.Is the updated % for Monthly or 90days or 180 days.
I need a clarification.
Bibin Frederick M E
Is there “good to call” option available for long/short term holding?
Dear Nitin sir,
Kindly look into mobile kite app.its not having auto rotating option.It means if i rotate my mobile while login to kite it wont rotate along with mobile..other mobile apps are having this option,but kite is not having pl solve this as soon as possible
Regards
naanu
Dear Mr Nithin,
Pleasure!! Great initiative and appreciate very much
I have Purchased 5 Credits with the main objective of following some Stars and analyses their trading pattern and strategies so as to learn and improve / modify my trading pattern and strategies
I have some initial observations and would like to share with you for your kind consideration and perusal
1. Under Flash, it shows only the Chart and nothing more, I am not sure What is the function of the “FLASH” button
2. I want to analyze the Trading data of the start and would like to import or download the data into Excel Work Sheet for my further analyses, but there is no provision to Import or Download, is it possible to provide this facility
3. In Trade History, three period options are given such as From 01/02/2016, 90days and 180 Trading days, can you able to provide one more option to choose the date range of my choice, that is from 15/07/2016 to 22/07/2016 like that.
4. Under Trade History, if I click to next page it is opening Overview Page instead of opening next page of Trade History . Can you please ask your Team to look into this and fix it.
These are all my initial observations and will revert back to you in the coming days as I progress using Open Trade
Thanks Heaps,
Best Regards
B R Subramani
Client ID: DS 8618
If exiting the buy position is called: Sold exit complete
Then what is Bought Exit Complete ???
Feedback:
-Need more stars that do Equity delivery based trading
-Intraday trading and following the star seems very lagging on the browser
-Will require to know the Star’s holding and positions to be updated instantly (not end of the day)
-Could you give us a choice to integrate opentrade in kite (Having two tabs open makes me slower to execute)
-Bought credits through net banking but the payment failed and my payment is yet not reversed
If someone has short and is covering the position, it is called Bought exit complete. WIll look into other things you have pointed at.
In overview section of IRIS it shows a loss of 1,09,23,997(over 1 crore) on May 16, 2016. Is that correct or there is some mistake?
Looks like a mistake, checking it.
Overview of CORVUS showing profit of 75% with average capital 1.27 lac. But the profitability shows almost 13 crores of loss in a single day.
How often does the STAR overview page get updated? Observed no changes since the past couple of days.
End of every day. Let me have this checked.
It looks like Start positions are not updated since 13th July… 🙁
hi,
can you please explain the terms:
BOUGHT EXIT PARTIAL
BOUGHT EXIT COMPLETE
If the star has a short position, if he exits the position partially u get notification Bought – Exit partial, once he exits completely u get Bought – exit complete
Ok Im new to this. Can you explain in layman terms what I should do if I am copying the Stars move:
BOUGHT: Should I buy the share?
BOUGHT EXIT PARTIAL:
BOUGHT EXIT COMPLETE:
SOLD: Should I sell the script?
SOLD EXIT PARTIAL:
SOLD EXIT COMPLETE:
When a star is buying for the first time, it says Bought, when exiting the buy position it would say Sold exit complete or sold exit partial based on how much was sold. Similarly opposite Short positions .
Dear Nitin Sir,
Im ur new client.in kite mobile app,there s no auto rotating system.pl provide that also..i hope u will do this..
Regards
naanu
Can you explain what’s auto rotating system?
Sir Auto rotating means,while login to kite, it should rotate,if we rotate our mobile.i hope u understood…
Looks like no progress is happening on the proper updation of the profit %
More than the next version, the percentage % atleast needs to be corrected. It stays the same and sometimes goes back to older values. That is one important criteria for choosing the stars, it has to be fool proof
Hi
When can we expect next version of OpenTrade?
At the landing page (home page) of opentrade.in, under top performing stars, “SAGITTARIUS” appears alongwith two other stars, but on clicking Stars tab, SAGITTARIUS is not visible. This star is also not available for following after logging in. Why does this star appear on your home page when it is not available for following?
The star has opted out of opentrade. It shouldn’t show up on the dashboard also, getting our team to do the needful.
Although this is naturally not new idea, but in INDIA, with indian market, it is new and best approach for new traders like mine. Yes, to take 5 credit directly without any prior test period is really never a cool idea and almost always new traders must be provided 1 credit free for one month and then only if he want to continue, charged after his approval.
I strongly suggest to provide such service free or just for more brokerage per trade if traded through such star following and it should be directly executable with link where it might be showing trades/live trades (I didn’t seen as i don’t want to put Rs. 2500 just for trial !!!)
So let trader enter first, charge them after they make profit. For long term and best results of you and trader’s profit.
By following them should mean that our trades must be executed along with their with our parameters and then only it might be usable for dumbs like me to follow STAR !!! with paid fee.
Vipul, the idea is not copytrading, the plan is to make it a learning initiative.
Nithin,
I think there is a bug in the way profit is calculated in one of the two scenarios 1) when options are sold first. 2) Stock futures are traded. Please look into this.
Can you email on [email protected] with more details on what bug you are spotting.
I have subscribed for 5 credits. But i have followed 1 start for one month. Suddenly my credit shows 3 now and the same star is still continuing. But i dont want to follow the same star. Could you pls help me. What will be the issue.
I did not use another credit but now only 3 credits are available.
Can you send an email to [email protected] with your client ID.
Looks like nice initiative, but I’ll never know if it’s really nice, can’t afford.. But going by word of mouth, looks like a nice initiative. Good job..
There might be many like me who can’t afford to follow the stars, after all following a star means following a star and definitely it shouldn’t be free.
Also, I was wondering if there is a proviosn where we can get to follow, star or pre-star, with a good track record in trading and someone who is a star in making. By that way we can get multi-level stardom/proficiency, and probably every one below star level might come for free, in this way they might even work hard for the stardom/just next level…
Or also you can roll out few free credits for one/couple good trade/s, or surprised gift, or simply give it to me, I’ll just stfu……
Honestly if its only paid support, then Zerodha loses it core value, after all you attract customers by giving lowest brokerage not highest quality gyan
Regards,
Nike.
There has to be some incentive for stars to be on the platform right?
Yes I fully agree with you.We can spend Lakhs in trading losses but we cannot afford Rs. 500 per month for following and learning from traders with proven track record.I am sure stars will be on the platform free because of love and affection.zerodha attracts customers with low cost so what should be the cost of following a star for one full month be in your view ? Will Rs 50 per month ok or you think 20 per month should be affordable. Instead of giving this amount to Zerodha we can give a begging bowl in the hands of stars and put our daily Rs 1 in that bowl. Or should Zerodha keep stars on their payroll and provide free service ?We cannot afford computers,data,electricity for trading and this burden of Rs 500 pm is just too much to bear.My account will go bankrupt with these heavy charges.
If you come across some successful trader who lets us follow his trades for less than Rs 500 per month let me know,because I also
want to be a star as I am star in the making.
?
The profit % is not updated frequently. It would be good to have it updated everyday at EOD to reflect the current active status.
We are making a bunch of fixes, we will announce opentrade next week to everyone.
Nitin,
Is the opentrade announcement still on this week?
Some issues, we are pushing the announcement to next week.
kudos!! to such an innovative idea but I am bit hesitant to spend 2500 Rs(5 credits) at one shot, specially after reading so many negative reviews.Why don’t you all traders to buy 1 credit for the first time or a trial to test it?
I would be happy to take a risk if I can buy 1 credit, otherwise no use.
read today….something really innovative idea…never heard….never thought …congrats you and your team
I have been facing issue with Pegasus trades since yesterday. Initially, I was not getting any email/notification/trade feed. Then I saw his/her few trades of buy/sell NF at 0 (zero) price 🙂
Also, trades are missing as they do not sync up with the position shown next day. I have been sending emails about this as well.
We are looking into this.
Hello,
I am following ANDROMEDA star. Yesterday, I have bought few stock futures following the trades from ANDROMEDA. I have waited for exit call till end of the day but I did get any exit call from the star. Because of which I ended up in loss. Even after Market hours I could see a list of positions holding by this star But when I see today morning there were no positions in his portfolio. There are no exit calls shown for the positions yesterday or today. I was wondering if there is a problem with opentrade website? or Any other reason?
Same issue is seen today also. Could you please look into these issues?
Shouldn’t, having it checked. Also it is best to not follow any stars blindly.
nithin sir how to find the stars who are intraday trader and swing trader i cant see any tags will u pls xplain i have become member today by paying 2500
Kumaran, for now you can click on a star and look at his flashback. Gives you an idea of how many trades executed per day.
Thank Nithin, that will be really great 🙂
Hi Nithin,
Just like covestor or Kapil Dev’s ITL thingy … even we should have trader rankings for those who wish to be participate. Now with Zerodha crossing 100000 customer mark, it will truely help us as traders rank in public.
Thanks,
Mahesh
If you’re trading at Zerodha, then we have a challenge called the 60 day challenge. If you participate and emerge as a winner, you can get listed here: https://zerodha.com/60-day-challenge/winners
If you’re willing, we could also interview you and put up your interview for others to read.
I have already won the zerodha challenge 8 times. 2 comm and 6 equity. I am not looking for my standalone accomplishment. If Traders who willing to get ranked openly, Zerodha should provide a platform for the same, The reason why i am giving this suggestion is because i would not like to open account with SAMCO just to get into their ITL ranking.
Further it will also help Opentrade offering of Zerodha.
Ranking people based on different trading capital just based on % returns, hmm.. I don’t know. A person with Rs 25000 in the account has much higher odds of making 100% return vs a person with 10lks in the account. That doesn’t mean that the person with 25k is smarter or more skilled. So unless we start everyone at the same trading capital, a competition or a rank according to me is not really one.
Hi Nithin,
Your Point taken on % returns cannot be a judging point to rank traders.
My Pain area is: I am in the business of stock market education, so i dont want to manually keep flashing my Pnl screenshots from Q on daily basis on FB.. I would like my broker to host that for more authenticity.
If Zerodha can create a platform like profit.ly where profits and few of the important parameters or sabermetric can be displayed, it will be a whole new level of community of transparent traders which new traders can interact or/and follow and which can plug into opentrade.
Here is an example of what i am looking for Zerodha to create as a user page: http://profit.ly/user/kroyrunner
As a company i am pretty small, so at least for couple of years i need to wait to get such kind of website up and running.
Yep, u will get something from us soon.
Hello Nithin,
As of open trade introduction zerodha is good trading platform. After introduction of the opentrade, its became worst and and its misleading the traders.
@traders, please do not follow stars..This is completely fake.
Opentrade is meant to be an education initiative, no compulsion to use it. There is no solicitation anywhere to trade, the idea is to see if you can learn from how a star trades. I will anyways get someone to call you back to find out what happened.
Star Traders are share their strategies or not ?? if yes then following them and pay is reasonable but if they dont share their strategies then its not usefull …
Hello,
Star Cassiopeia’s profitability report shows the star made 29 crores profit in a single day. Is is right or just an Error?
I am also thinking same vikas. Is it true?? Please let us know.
Some issue, we are fixing it.
Mr NITHIN,
Is it possible to open an account with zerodha , give the trading access to a star trader and let him/her do the trading for us? Regards.
No Ashish. It isn’t allowed.
Not allowed by WHOM? SEBI or your platform?
The star names & their identities are kept confidential, so how can you get a star to trade on your account?
HI Nitin,
If I am a STAR with Cap of 5 lacs and i made profit of 1 lacs in a month which means thats a drawdown ?
and if I made 2 lacs profit and immediately withdraw 4 lacs will i stop appearing as STAR.
Drawdown is based on average capital over 90 trading days (not one day). If you made a profit of 1 lks, it doesn’t mean a drawdown, it will show as a profit. No if you withdraw, you will not stop appearing as star. We calculate P&L, and drawdown is only if you are making a trading loss or when negative return.
Mr NITHIN,
How much do highest earning star traders earn per follower? Regards.
50%
50% of what? Regards.
50% of what is collected as a fee to follow them.
Why VEGA is showing more then -200 % loss ? how can anyone lose more than 100 % ?
Say u have 1lk rs in your account, u keep transferring money and losing. The % loss shows based on the average capital, so it could be more than 100%. All stars with a drawdown of more than 50% will stop showing up.
Hi,
Stars currently in drawdown reflects what. Whats does it mean.
Thanks,
Yogesh A
These are stars who were generally profitable, but currently are making losses in time period indicated.
Will you please make it possible to buy one credit at a time so that small trader can buy and follow their star.
We haven’t taken a decision on this yet.
1. Suppose I brought 5 credits, can I use this for 5 months with 5 different stars? or I have to follow 1 same star for 5 months or 5 different stars in 1 month.
2. What if Star stopped trading for some reason?
3. Is there any expiry for credit ?
Yes, you can use it to follow 5 different stars for 5 different months. Remember not to auto subscribe to the star that you’re following. There’s no validity for credits as of now. Well there’s nothing that can be done if you’ve followed a star and he/she stops trading. Your credit gets used.
Only Star’s Profit % and there per day profit and loss doesn’t give us any sense how they trade so it will be helpful to follow a Star Trader if you unlock their Trade History. In that sense we will get to know how they trade before subscribing.
Yes, we will be opening up quant flashback. All their trades plotted on the charts.
Sagi has been removed from Stars. Not sure why, he/she looked consistent. Zerodha should share one page (from stars) about their strategies so that followers can relate and choose wisely.
We are making some fixes, should start showing up from monday.
Zerodha, can you please share the strategies of stars. Guys, be careful about some of the stars who are inconsistent. For example, Phoenix and Pegasus who were showing superior returns came down to negative returns.
Yes, I heard Ursa and Leo are consistent. I started following Ursa. Let’s hope he or she generates 4 digit returns. 😛
The returns calculation earlier was on a rolling 90 days period, so it was giving illusion of negative returns. We have changed it now, you can see returns from starting 1st Feb 2016, you can also see it for the last 90,180,365 days.
Somehow i have subscribed to ursa major twice and lost two credits. Is this even possible? Please resolve this ASAP.
Hmm.. not possible. Once you subscribe, you can’t subscribe second time. Can you send an email with your client ID to [email protected]
hi
anyone else having problem with desktop notifiications after update on opentrade. I use chrome and haven’t been getting the notification since the update. Also, the live feed only gets updated after i refresh the page.
tried deleting browsing history and clearing cache but it didn’t work.
kindly help.
Zerodha Employees or Anyone knowledgeable..
First of all I appreciate that you (Zerodha) started showing stars in Drawdown, this will help everyone in expectation setting. Please continue with showing it in future as well.
Question is PHOENIX is showing -94.91%. Does that mean he is left with only 5% of capital. There are 26 subscribers to this star. They may also respond for benefits of us (zerodha traders family.)
Some issue with that % number on that account. It is not taking into consideration, his present value of positions being held. We will fix this asap.
How does Open Trade works? Can anyone let me know about that?
Rajkumar… Since no one responded I am trying a response.
Trader should not be skeptical of long only. Shorting is very much required to remain profitable, otherwise what is use of trading, one can invest and hold. So no star trader might fit your criteria I believe. Again 7-10% per month is a very good amount and only few (if any) might be able to generate that kind of income consistently. You might need to rethink what you are looking for.
Sorry I could not point to any star trader. But you might have got the message.
No replies *waiting on from May 28: ANY reply would be appreciated please
Hi friends, I would like to start following a new star. In the past followed few stars but they are doing shorting a lot, (in fact their profit weapon is shorting). Basically, I’m not a person comfortable in Shorting in any market. Can someone suggest Star who does not do Shorting please?Im happy with even 7 to 10% profit pm. Thank you for reading.
I need one clarification on Average Capital ( Website showing last 90 trading days average ) is the ” Total Account Value ” or the ” Exposure they have “.
Please clarify as soon as possible. It will help us to plan the account for trading.
Total account value (free cash+holdings value+ open positions margin used – short premium value)
Thanks for the clarification Nitin.
How much do star traders earn per follower? Pls elaborate. Regards.
I have followed 3 stars untill now. Andromeda, Ursa and Pegasus. Pega seems to be a risky guy. Had a lot of risks in his/her trades. Andromeda seems ok. Clear in his/her trades. Ursa is fine. He/She is consistent. But I think it would be great if we could get to know the strategies from the trader itself. Then only this would be an educational initiative nah?? I would love to know Ursa’s trading strategies because of his/her consistency.
Yes, we have some plans for this.
nitin sir if u know strategy of star trader. plz share
Hi friends, I would like to start following a new star. In the past followed few stars but they are doing shorting a lot, (in fact their profit weapon is shorting). Basically, I’m not a person comfortable in Shorting in any market. Can someone suggest Star who does not do Shorting please?Im happy with even 7 to 10% profit pm. Thank you for reading.
Hi Nithin,
Zerodha has fantastic UI.As a new trader it cannot get simpler than this.
I am interested in Following Star Trades and I have the following questions:
1.I would be in my office working and will not get any time to track markets , so from what I understand I will get a email of what stars are buying or selling and based on that I can buy or sell.Will I come to know what are their targets and stop loss ? Further will i come to know whether its Long Term/Short Term/CNC/Day Trades etc?
2.Do most of traders hold the stock for weeks / months or it is mostly intraday?
3.Can we message those stars or understand why are they buying those specific stocks ?
Keep up the good work…Thanks a lot
@Parth,
Understanding that you have pointed this quest to Nithin…But as a person who have used opentrade, I can try and answer your questions a bit. (may be I too did not explore whole of opentrade if my answers are wrong)..
1.No such info will be there. You will only get an email stating this star has done a BUY/SELL trade or is he exiting BUY/SELL trade of a scrip/FO contract along with timestamp at a given price. You will not get qty, CNC, MIS,etc…Based on email which you receive, you need to make your own decision.
2. Based on no. of trades per day you can easily say MANY of them are intraday traders and that too in FO. Very few of these Stars are BTST/positional traders. Ex; as of today, URSA MAJOR’s avg trade per day is 31. So he looks like surely a pure intraday player. Another star CEPHEUS’s avg. trade per day is 3. So he may be positional more than an intraday. (This is purely my observation and I may be wrong).
3. No. We need to learn on our own.
1. There are no targets or stoplosses, just live udpates of positions.
2. Most traders are intraday
3.No, they are all anonymous.
Can we get SMS updates of there trades instead of Mails ?
We had issues with SMS gateway being inconsistent, so we have disabled. You have email and desktop notifications.
Super idea by Zerodha. But please make sure to implement it well. You can do it by adding more metrics, showing the trading strategies of stars etc. I have been following Ursa and he’s been consistent. Just want to know his strategies to pursue trading on my own. Thank you.
How to trade Bank Nifty weekly options in Kite? I cannot seem to find it.
Yeah Adithya, it will take a little more to support weekly options on Kite.
I am only used to Kite. So when can we get the feature in Kite?
Is there any platform on which weekly options are allowed now? If yes, once taken, can they be seen in the Kite positions terminal?
Pi our desktop platform has weekly options. Yes you can take positions on Pi and see it on Kite.
I have been following a STAR and since he trades on some strategy with several buys and sells, i am unable to understand and its difficult to follow
Is there any STAR in the group who trades directional and single open trade or all in one direction trades ? i guess that would be easy to follow. at least we would know if the STAR is bullish or bearish at any given moment.
A very good initiative by Zerodha. I have been following URSA MAJOR and I have benefited a lot from his trades. I see a pattern. Zerodha – You are the best.
Hi Nithin,
Whenever Im trying to verify my ID in open trade it sends me to an error page.
Will this be rectified soon ?
Thanks
Can you send an email to [email protected] with your client id, we will check this out.
Dear zerodha ..!!
I’m a new user to zerodha !! and i already love the PI interface. this open trade idea is just awesome .. but i have one request, currently im a commodity trader . i unfortunately i dint find any body to fallow regarding MCX . or may be i don’t know where to find it.. Please educate me in this case. and mobile application for IOS support and PI mac support will really be encouraged. when can we find this.?
Thanks
Mobile app for iOS is under development. Pi for Mac will take longer.
There are 2-3 commodity stars for now.
By when can we expect pi for macbook.
suppose i want to follow STAR LEO ,SO that much amount i want in my account.
pls reply me
5 credits is minimum, it’ll cost you Rs.2500/- You can follow 1 star for 5 months with such credits.
My client ID is RN0524 and i am following open trade.
I appreciate zerodha management for their efforts towards open trade.
Did PEGASUS trade yesterday (16/may/2016)? (NO trade feed for PEGASUS yesterday)
His trade feed and open position are different. (i mailed it to [email protected] with screen shots)
What is his current open position in NIFTY FUT ?
What you see on the platform which is long nifty as of today morning is correct. Can you do a ctrl+refresh if any trade feed issues happen.
Hi Nithin,
Could you please explain the following two queries on opentrade star profile:
1. What is average trade per day mentioned for each star? Is taking a position and exiting the same together constitutes one trade or is it each line item appearing in the trade feed?
2. What is average capital mentioned for each star? Is it average capital per trade going by the definition of trade above ?
Also another request: please direct me to any user guide on how to place bracket and cover order in Kite with screen shots – similar to the one available for Pi.
Regards.
Samir
1. Both buy and sell is considered as separate trades.
2. Account balance + Stock holding value + any option buying position – any short option premium present, average of this over the last 90 days.
Will put up a video soon explaining this. Have put up a small note here, check this.
Could someone please clarify this query?
In Star “VIRGO”, we see in Contracts BankNifty Fut Volume shows as 95090901? Whats this? number of lots?
That is the value, number of lots x lot size x Bank nifty price
Thanks Nithin
Why this complex calculation? Why volume can’t be “No of lots x lot size”?
ah sorry my bad. It is No of lots x lot size.
Star: VIRGO – Now i see volume as 97115785.5. If its lot size vs no of lots how do we see a decimal value?
Also with 42K avg capital, morethan million bank nifty lots volume? Please check something is wrong?
Ah damn! yes this is Qty x lot size x price what you see on the quant.
Could i know Why this complex calculation? Why volume can’t be “No of lots x lot size”?
hi nithin do you hav any plan to start fix monthly brokerage charge many brokar giving it so wen you Wil start this
No plans of offering a fixed monthly plan.
Could pls clarify this questions.
Star “VIRGO”, Contracts list for BankNifty Fut Volume shows as 95090901? Whats this? number of lots?
Nithin , Please make it simple. Its very misleading. Some days before Pegagus was showing 320% profit and now only 217%. Its very scary.
Request you to please make it like Mt4 history report . Mt4 is one of the best software in terms of MIS as it gives great gist at one page . i.e. equity curve along with DD is marvelous . Please don’t say impossible as i know you are fantastic guy and impossible is not in your dictionary.
I will be happy to see return of any star since beginning along with risk taken. Otherwise with 2500 fees its too risky to take risks when whole algorithm not known of opentrade that how it works. Pl. make tutorial that will be helpful.
Samay, currently the % return shows for the last 90 trading days. So if the trader had a big profitable day on the 1st day, the next 90 days will not include that day. So it is like a rolling 90 days return. That said in the next two days, we will start showing profitability from a fixed day, and also for multiple time periods.
Have you seen the 11th May loss. That explains it
I didn’t get emails and desktop notifications from 9:15 to 11 AM today (11-may-16) and open trade platform was not live during that period.
Please provide monthly quant statistics of stars. It will be much better than 90 days average.
Hi,
on openrade login , there is msg.
We’ve discontinued SMS alerts due to unreliable deliveries and issues with the SMS provider.
so how you inform follow traders about star traders trade in realtime ?
We send email, desktop notifications, and the platform updates live.
Why there is not a option to buy for 1 credit. Paying minimum for 5 is kind of compulsion to pay 2500/- !! You should return remaining unutilised credits for a simple reason as you are sharing some part to star but unutilised are not shared !! right ?
What about this calculation : 2500×1000 (1% of 1 lac users) = you would be getting INR 25 lac for 5 months and if half of 1000 subscriber don’t want to continue after 1 month then 2000×500 = INR 10 lac . Means you will have 10 lac unutilised fund that you won’t pay. And I’m sure your target would be to atleast 50% of all users.
Ajay, atleast until now almost all credits are used once purchased. So no one is keeping any pending credits and no unutilized funds.
Thanks for clarification and ignoring other part of query. All credits being used since you haven’t given any option for 1 credit and made no-refund policy !!
Signing up for Open trade is a voluntary decision. If you feel you can learn from it by spending Rs.2500/- you’re free to do so. The no-refund policy is quiet clear we hope. The 1 credit option isn’t available for now.
Hi Nithin, wen i registered on open Trade it said you wil be invited once open Trade start but till now i havant got invitation
The beta of opentrade is live, you can visit the website https://opentrade.in/
Hi Nithin,
OpenTrade is a Smart initiative and I have started following stars.
And It’s helping me to find trading opportunities.
Below are my few recommendations to improve opentrade.
1) Every morning the star status should be updated, like he has logged in and even a small update from him about the market. This helps followers to understand the star is trading today.
2) Everyone should be able to see the previous trades of the star (1 week older), to have a better understanding about their trading style before subscribing the star.
3) Develop a smart app for open trade to avoid the delay in emails even though its very small.
Hi Nithin,
Can you please comment on my recommendations.
I’ll pass on your feedback to the developing team of Open Trade.
Hi,
Amazing Nithin. This is one of the finest ideas I have seen with Zerodha.
Some suggestions/questions:
1. Instead of Email/SMS, can the message be delivered in some form through the trading client as well? Say, in Kite, Trader, PI etc… It’s easier sometimes when you are away from mobile phones while trading to know there is a message. It would be better if the message itself can be in the form of a trade (using say, Kite API), so users can review and quickly enter the trade – instead of going through the process of Adding the scrip in the marketwatch and then adding the trade.
2. All the alerts – timing is the key. especially in F&O. What would be the time lag for the message to be delivered. If it takes more than a few seconds for a day trader, the message may not be worth its effort.
3. I understand that you are not revealing the quantity for traders’ security & privacy. It might be possible for someone to extrapolate using the alerts and the absolute trading details for each day on the open-trade site. Best option would be to reveal the quantity and super-protect the identity of the user.
4. If someone mirrors the trades and achieves the same profit for say 6 months – will the user be allowed as a ‘star’? Won’t we have too many me-toos trying to extract fixed subscription model? Maybe, they will invest 0.1X of the star’s capital and still earn better with the revenue-sharing. Atleast, on this platform, you should exclude users who have used the star platform to increase their gains.
5. What is one month? Calendar month – I hope.
6. Can you also publish no of followers each ‘star’ has. It would also tell us how do people choose their stars and how is the strategy being followed. It would also be a good reference as to which stars are performing.
7. If everyone on Zerodha follows one star and executes trades in exactly the same way, will that end up as a regulatory problem? Will SEBI or exchange construe it as manipulation of stock prices? We would like some assurance that this will not be a problem.
8. Are the users allowed to share star tips? So-some users coming together and sharing the sms/emails but paying only for one follower/subscriber.
9. Will the cost of following every star always remain the same or will a star have different credits required based on performance? Suggestion is to have all stars available at same cost. Else, this will become a platform for intense debates and manipulation.
10. Could you also publish Month on Month performance for each star? Can we receive some comparison of star performances in say Excel so we can evaluate better?
Sorry. I just read the post today and have not had the patience to read all the responses and comments. Some of these questions you may have already answered earlier.
1. The intent is to not build a copy trade kind of platform. The idea is to figure out if the community can grow by learning. So don’t intend to take this the route where it is a 1 click to copy.
2. Notifications are instant. SMS was getting delayed, hence we removed it.
3. Hmmm.. not sure
4. We speak to the stars (like an interview). I think the me-too’s wont be able to get on.
5. Yep
6. Yes, already published
7. As I said earlier, we are not intending this to be an advisory platform or something where everyone copies one. The idea is to see if people can learn from the profitable ones.
8. Not allowed. But I am guessing if people do, we won’t get to know.
9. Yep, everyone at the same.
10. We are adding more quant metrics soon. Excel might be tough, but you can see the trade plotted on the underlying chart (currently locked, but we will open it up soon with a delay for non-paid users).
When can we except final version of opentrade?
I am guessing this will be a continuous process, we will keep making changes based on feedback.
Hi,
I am joined to Zerodha family yesterday. Today i am referring the open trade forum. I felt prices are bit high for subscribing for the stars. As i am a very small trader with very less capital if any discounts given or stars are segregated separately for small traders with less price for credits (2 or 3 calls per day more than enough for me) that will be very useful. Hopefully with my capital the volume of investors are more than bigger capital investors i feel. It will increase the number of participants too in the portal. Second suggestion is need stars separately for delivery based traders as a secondary option instead of day trades.
My third suggestion is, for all the star folks it is not showing the success rate percentage for the trades that they do. It will be useful to find the better star to subscribe i feel so.
Hmm. Looking at comments to choose about Pegasus. No satisfactory comments about notifications, trades, misses etc. My heart is broken i was thinking that after choosing pegasus i will also be able to make 320% return in 90 days.
Very sad. Please help which star is good and has less chances of DD.
Samay, if you look at the daily profitability chart, you can visualize how much drawdown historically a particular star has had.
As an investor or trader or follower i need few things in expert and transparency.
1. Starting point i.e. date
2. Starting capital
3. Return on capital invested (ofcourse average as ppl. deposit withdraw)
4. Drawdown %
5. Equity curve along with drawdown curve
Main thing is risk reward. A trader with 320% return but 70-80% drawdown is considered very risky in camparison to a trader with 20% drawdown and 40% return. Chances of blow up of account is greater with highest DD guy.
So kindly answer if i will get to see all above while subscribing any star.
Samay, we are planning on many more metrics soon.
How returns are calculated are these monthly return on capital employed. Can we have drawdown also on capital employed? Actually i will be happy to see drawdown and return on capital to check risk and reward with any provider.
Samay, we are planning on many more metrics soon.
Has Open Trade helped any one here ?? Is it really worth the money ?? Please give genuine feedback.
Is Kite down? I am freaked out right now!
Not really. Would request you to write to [email protected]
A lot of traders using Zerodha are facing issues of not being able to place/modify/cancel their orders in real time. This kind of issues are rampant in ICICI, Sharekhan which retail traders believe to be in connivance with the big players. We don’t want Zerodha turning into that.
Please look into it at the earliest.
Can anybody tell me what is average monthly profit of our stars? For ex- with 50000 average capital and 140% gross profit for 90 days, how to calculate monthly profit assuming 20 trading days in a month?
It will not really be possible to deduce this that easily.
Can you give provide approximate value for above numbers for a period of 90 trading days or 4.5 months?
And please can you discuss with stars to disclose position size, because in 1 rupee movement you can make 1k or 10k depending upon your position and risk appetite.
And please post on how to use opentrade.
Hi Nithin
It hasn’t been long but till now the experience has been good using opentrade and yes it does give you insights into the trading style of the stars. I’d like to know if the trading capital of the star is constant or they change it with every order?
for eg: when the stop loss gets hit, does the star buy/sell again with same capital as in previous order or increases it proportionately or otherwise?
I am guessing they would be changing the capital as well. But currently there is no way for us to show this live.
Hi Nitin,
Is there a provision for followers to chat with the stars?
No.
I have been following the open trade for last one month but i am not getting desktop notifications.
I have sent an email regarding this problem to zerodha support on 11-Apr-2016 and i got the reply stating “we have informed to developers and will be solved soon”, but still i do not get desktop notifications.
Hi Nagi,
Seems like you have not enabled desktop notifications which is under Star settings. If it is enabled please provide me your Client I.D.So, that we can have a conversation on this.
Can any existing user give positive feedback of any star ??
Hi Nithin,
Can I get your mail-id ? I would like to personally send some positive suggestions for the betterment of opentrade.
Regards
[email protected]
zerodha should allow its existing customer to get at least 1 month trial or 1 free credit so that user will understand the full potential of this.
Hi Nitin,
Can you provide us sort/ filter option for traders?
Regards
Yep, we are working on a bunch of new features.
Nithin Sir, i just started following Pegasus.
1. Sir in profitability report it is showing profit on 13th april to 20 april but in flashback there is no trade between these dates…..means trade was positional ..pls clarify as it is very confusing .
2 Also there was no live trade signal.. Just want to know whether he traded today or carry forwared previous position. Can you please explain in flashback chart through email if possible.
We have to purchase stars in Open Trade. Wouldn’t it have have been nicer if we could earn stars as well from our profitable streak or any other parameter for that judgement? The pricing keeps this wonderful platform restricted to a handful.
hii nithin sir,
CAN YOU TELL US IN DETAIL HOW TO LEARN STOCK MARKET FROM OPENTRADE ???
Will put up a post soon.
Hi Nithin,
For betterment of followers, I would suggest you put an additional tab for the Stars – Briefing about the way they trade – Positional/Intraday, their strategy – Technicals/Fundamentals, Backtesting or Past performance of the trading strategy.
We will be opening up flashback until a few days back, and yeah we will add this. The issue is, most traders do everything, so classifying the based on these is a little tricky.
As I did not get SMS yesterday, so I wrote to support and got following reply from them today:-
—
Thank you for writing to Zerodha.
We would like to inform you that SMS option has been removed from opentrade due to some technical reasons from today.
===
Is it correct that SMS facility is being removed for all followers?
Yes MS, the SMS services are currently unreliable as they don’t deliver in time. This is causing more confusion, so we are removing it for now.
Hi Nithin
I’ve just followed one of the stars. In live trades, for every trade there are two notifications at the same time
BUY
and Exit Buy complete
Similar for Sell trade
Sell and Exit sell complete
kindly help me figure out. thanks
Buy is when a fresh buy order is placed, Exit buy is when the person is exiting a buy position. If you are seeing this together, I am guessing the star is doing a stop and reverse strategy. At every exit, the star is not only exiting but also taking an opposite position.
I appreciate your prompt reply.
one more query: Under positions Tab, there is written Type B and weightage 100%.
Does that mean all his allocation in one scrip?
Yes, that would mean 100% of his current positions are on that scrip/contract.
zerodha team please don’t delete the comment which are not in the favour of open trade.
Thank you
let the people know about negative side of “open trade”.
Hey Neha/Yogesh/Priyanka/Etc, I guess you know that as an admin I get to see your IP address. So you can’t just change the name. There is no compulsion to use opentrade, why waste each others time?
Haha good one
:’D
Please don’t waste your hard earn money on open trade. There are thousands of system for trading in the market then how can you find by looking at buy price and sell price which system(indicators,chart time frame,money management,position sizing,trader personality) those stars are using.
can u pls explain in detail..
Guys, If you think 500 is too much for learning, then its best to leave market sooner than later. Sorry to be blunt, but we need to understand this is concept, you may use it or not. It might be beneficial for some. Neither those star traders, neither zerodha will earn much money from it. Cribbing is very easy but a extremely costly gesture for trading. Hope it helps rather than you all start blaming me. 🙂
Hi, I have doubt on opentade. Ex: Let us say I start following Usra Major from 25 Apr 2016 onwards. I would hence start getting his trading info (normalized of course). But how do I know is Usra Major exiting his current pos or entering fresh trade.
Ex: Usra Major may Sell ICICI FUT on 25 Apr 13:00 but I may nit know is he selling his previously bought FUT order or is he entering fresh order. Please help!
Hey Yogesh, I guess you know that as an admin I can track all the IP’s being used? So changing the name and posting won’t help. You are not subscribed to opentrade, and there is no compulsion for you to do so, if you don’t like.
i am agree with you yogesh.
Hi, I have doubt on opentade. Ex: Let us say I start following Usra Major from 25 Apr 2016 onwards. I would hence start getting his trading info (normalized of course). But how do I know is Usra Major exiting his current pos or entering fresh trade.
Ex: Usra Major may Sell ICICI FUT on 25 Apr 13:00 but I may nit know is he selling his previously bought FUT order or is he entering fresh order. Please help!
Raj, the messages we send have Buy/Sell for new positions, Buy/Sell Exit complete, Buy/sell Exit Partial.
That helps, thank you!
Hello traders, can anyboby pls give me some idea about trading style of Andromeda like in which section he trades, whether intraday or positional, trades per day. It would be better if someone give little summary of his all trade of any one day let say 21st april ………want to buy credit and follow one to learn. pls reply soon.
Dear Nithin Kamath, I want to follow just one star for 1 month for trial. I donot want to buy 5 credits. Please give provision to buy one credit also as one time trial option to everyone.
We might introduce this in the future.
Hi Nithin,
I also want the same. I should be able to buy 1 credit and follow one star and see how useful Opentrade is to me.
I already mailed the same to support but they’re clueless if I can get a refund in case I don’t like the service. Please consider this. I don’t want free but 5 credits should not be mandatory to join.
Thanks!!
Zerodha and team – By mistake I followed the trader Taurus today. Could you please revert this? I don’t want to follow this star.
As a learner i want to know how to get in and out of trade really fast For ex. like ursa major. What type of orders does one use?
I think he is doing sar trading
regards
naanu
if u r following him,an u share the snap shot ?
Has anyone made money successfully by following a Star in Open Trade? If yes, then please advise others how did you do it.
Hi Nitin,
i like the idea of OPENTRADE but i am commodity trader so i want to know whether commodity segment is also included in OPENTRADE.If not then any chances of it in future.
@Pradeep SINGH STOP ACTING LIKE A ZERODHA EMPLOYEE.. WHY YOU ARE REPLYING TO EVERYONE? CUSTOMERS EXPECT REPLY DIRECTLY FROM ZERODHA, NOT FROM YOU. SO STOP.
@suraj, i think any kind of clarification about the opentrade is welcome .as der is obvious general lack of clarity among the participents. so stopping anybody from saying smething is not ur job.if der is nything which zerodha had noticed wrong abt blogs dey wud have promptly intervened. n u r most welcome to answer the queries abt opentrade urself .till tht time plz dont stop anybody.regards
Guys ,
Would like to conclude what i understood from Open Trade -Most Important thing to Notice before Following a Star –
Efficiency – % Returns should be more (shows star has capability to multiply the money which everyone wants)
Consistency – Higher Ratio of average Winning streak/Average Loosing Streak ( eg for Pheonix its 2.94/1.93 =1.52 ,For Pegasus its -2.57/1.73=1.49) So the more this value is The more Reliable Star can be .
Over all Combination of both Factors should help Everyone in Zerodha Choose the Stars and Learn how to BECOME a star because that’s the Primary Goal .
STRAIGHT AND SIMPLE
Hope this Analysis will help Viewers
cheers
Pradeep
Streak doesn’t determine the quality of trader. Shorter profit streak may still outperform longer loss making streak. It all depends on how much more you make when you’re profitable and how much less you lose when you’re incurring loss.
Good Point My Friend Arjun ,
That’s Why I said .Consider Both Points with Equal importance .Efficiency of trader will Answer Your query.
And Streak Ratio Just to check if the Guy has made all the Returns in One Lottery Bet of by making it day by day ,which will prove his Consistency and Reliability .
cheers
Are we traders or Speculators? My two cents!!
Some of observation about how people using open trade. It require a relook.
Everyone must understand, any good trader in Zerodha or anywhere else will have a sizeable trading account size. Basic assumption is trader is earning for quite some time. If that is not the case there is no point following him. He might got lucky with some speculator bets which one should avoid at all.
Lets say 20L+ is good trading capital. (I would expect successful trader earning for sometime will definitely have it). I personally feel a star trader, should have 50L+ portfolio.
Now this trader will not put all his money on risk any time. Hence he will not be showing much profit in percentage terms, but probably the best star from whom we can learn.
There are only few falling in category, which sadly are not favorite among followers. For example Leo, LYNX and SAGI. You see max followers are just 16 for one of them.
Where as URSA Major have 71 followers, having capital of just 1.65L. Now trying to follow him and become millionaire is a no brainer. Likewise PEGA have 76 followers, capital of 13.28L.
There is no holy grail, we can learn from stars but think rationally before you act on there trades. Give it sometime and do not start copying trades from world go.
I calculated all tax for last 10 days according to daily volume for Andromeda,Pegasus,Ursa. All are net loosers/marginal profit taker in most of days, although gross return show good profit. Real fact is NO great trader is here with us as star. Very sad.
I did the same.Not sure about who is a great trader. For Pegasus the overview page shows he takes trades in stocks also however i have never seen it yet he trades only in Nifty future till date. Andromeda not sure if ever i can copy him as he buy/sell very quickly.
I dont know how to use/interpret flashback graph. Dont know who to approach to help me understand and analyse these stars.
yogesh i fell u shud read market wizards. NITHIN also once recommended tht book.i think momentum indicators n knowledge abt dem can help u out.
I think it depends on the type of trader you want to me… I’ve been following Nova… He carries forward his positions and trades very little… in fact no trades for the past two days.. just carrying forward his positions… I’m happy with this initiative from Zerodha
We will have post charges returns by next week. These are all people who are making profits after charges, we wouldn’t have put them on it otherwise.
Hi Arnab ,
Since you are so Good in calculations .Why dont you better look at your numbers and analyse what mistake you have been doing rather than finding mistakes in Nos of others .
All the Data is Verified and correct . % Returns are Returns on the Average Traded Capital and overall your positions may be in loss today because you carry forwarded the positions but tomorrow if it shows positive and you book it .that closes the trade which may not be visible in overview daily Bars but thats how it is calculated.
Bars only talk about Good trades Bad trades . % returns shows if u are able to convert your bad trades to good by averaging or carry forwarding. Trade in market for 5-10 years regularly .u will understand how helpful it is when u cna follow someone and trade .Swiftly and btw those guys are putting much more money then you so they will be more thoughtfull about what they doing .
Hello Mr Arnab, can u pls mail me any one day snapshot of Andromeda flashback on my [email protected] …. want to follow him…just want to know his style of trading before following…+ any suggestion from your side..
BASED ON THE DISCUSSIONS HERE I HV FEW THINGS TO SAY ABT ZERODHA
1.OPEN TRADE WILL DO WELL AND ITS A VERY NOVEL IDEA WHERE THE INCENTIVE OF DOING BETTER TRADES IS GOING TO PRODUCE GREAT TRADERS HERE IN THE LONG RUN.
2. THOSE DOUBTING IT AND ASKING REFUNDS ARE LOSERS WHO DONT KNOW HOW TO TRADE .BUDDIES IT A ZERO SUM GAME WHERE MAN EAT MAN.YOU LEARN OR U PERISH.
3. YOU HOPE FOR 500 BUCKS A TRADER TELLS YOU EVERYTHING N U END UP BEING MILLIONAIRES.IS LIFE SO EASY???
4. FIRST FIND A GOOD TRADER AND FOLLOW HIM FOR SME TIME N U WILL GET IT EVENTUALLY .
ALL D BEST TO ZERODHA TEAM FOR OPENTRADE SUCCESS.
Well Said Prashant.
Just wanted to correct it further, It is SUM MINUS Game considering all charges for trades.
Having said that, those who subscribed open trade to become millionaire are in fantasy world. Being SUM Minus game and competing with professional making money here is extremely difficult. Everything is against you. Only your learning, patience, discipline will come to your rescue.
All this not to discourage but to remind one has to work hard for long term trading success.
HI Sandeep ,
Trading in this market is about the discpline you have .If you buy a strike of 100 rs in Nifty options just one Lot and sell it for 2 Rs You make 75-80 Rs net profit ,But the problem here is that You wont be satisfied with that and you want to Double and Tripple and their only Problem Arises. I have wont the 60 days challenge 5 times .Not to Brag but i lost is 3 times as well But idea is when I lost it did i learn and change myself rather then cribbing the whole world and Market and Zerodha for Mistakes and badluck. smart People win in this market and Open Trade gives an opportunity to follow some of them as per your choice looking at their data .What more you want ??
Greed is what always screws people in this market …some more some more and Trend reverses .and you loose.
I just wanted to share my feeling being a trader for 8-9 years and being in handsome profits all i did is change and Use the principle of compounding , make 2-3% every day you double your capital in 30-40 days .but all people conclude with trading is Double in this bet..they bet everyday thinking they ll win the Toss.
Tkcr to all trader and Believe it or not Open Trade is the best tool to Duplicate the discipline and patience rather than copyin trades..Goodluck to all traders
Well said Arjun 🙂
Best innovative tool has been given by Zerodha Team, but nobody know how to use it.
Keeping moving Zerodha
I agree with Arjun , this requires time to settle and i too believe Zerodha has honest intentions to help traders. They are open to suggestions . Moreover by blindly following is not going to help . The market is wiser than us.It will beat many a forecasts and calculations .Watch out for clues , it always gives them for us to grab.
Reading the comments, its clear that people expect instant results. For the past couple of weeks, the market has been moving sideways and hence people would’ve experienced whipsaws thereby the panic claim for refunds.
It is important to understand that on an average 60% of the trades taken are loss making at 40% of them are in profit. By not following a profitable trader for a few months at least, the chances of making profit is pretty low since one might get caught with the 60% of loss making trades and miss out the profit making trades.
So, how do we blindly follow a star? You do not. Don’t put in more than 5-10% of your trading capital while following a star. Understand how he trades, build your confidence in the star, see if your risk appetite matches with that of the star. By the time you do these, you yourself would’ve learnt to be a disciplined trader.
We all receive calls from so called experts or research houses who claim exorbitant return and also charge exorbitant fees. 99% of those are bogus firm who ensure that you lose your capital, leave alone claiming refund of fees. Do you think these experts/ research houses take these trades? There wouldn’t be a bigger fool if we thought they took these trades themselves.
So here we have stars who risk their own money in taking trades. What they earn out of the followers would be peanuts in comparison with the profits that they’ve made. The trades taken by them are real as Zerodha provides us with their actual trade information. Can we get information much more transparent than this? The answer is hell no!
Trading is not for everyone, its more about emotional balance than intelligence, which precisely is the reason most of us lose money and a very handful of them are profitable. So, here we have an opportunity to learn from experts in trading.
Am I for or against Open Trade? I’m neither. Like how trading isn’t for everyone, neither is opentrade. It’s for those who have patience, have and are disciplined.
Well said !!
Nithin,
Thanks for the response.
Your philosophy and tools on open trade are at odds with each other. If the philosophy behind open trade is to provide a learning environment and learn from the starts trading decisions, then past history (flashback should be sufficient). I think by providing realtime notifications like on SMS, email, desktop notifications etc, you are implicitly expecting the followers (rather learners in your view), to make trading decisions based on those inputs, with the present set of data its near impossible to make trading decisions realtime (as followers generally follow the stars). Either you should scale down the platform to provide true learning, focussed on improving future trading decisions or make it a platform to make direct trading decisions based on the stars trade signal, post that do I profit/make a loss on this is my prerogative. I think Zerodha has the onus to decide,to either make openlearn or opentrade and not both like Bisibele bath(I like bisibele bath:-)). Given your present conundrum, I would be happy to receive a refund for my remaining credits, which you have said is non-refundable upfront. I think there huge expectation to outcome mismatch with respect to opentrade as it is today. I hope you consider this favourably to improve the platform either ways.
Thanks Vinod, we will continuously improve what we have on offer. Regulations in India stiffle innovation, if you can understand what I mean.
See the Comments…looks like “Open Trade” is a big flop show…………….Where is Madan (Sixty Day Winner) …Is he there in Open Trade. Zerodha should publish the interview and charts of Star Trader.
We intend to keep opentrade anonymous. Historical Charts of star trader in terms of flashback will be available in open for everyone soon. Flop or not, only time will tell. WE haven’t yet launched it publicly.
Capricornus is equity only positional traders. I have subscribed to Capricornus yesterday… I have seen his portfolio position as of yesterday. Today morning I got a few live trade signals(buy and sell) on bunch of stocks with names and prices. But was totally clueless as to how much to Buy? What percentage, even based on weights is not available realtime? If i deploy the same average capital as him, without knowing the weights Capricornus trades in live trade, how I’m I expected to take positions?
Also If i subscribe to his feed in the middle of month, when do I starting having the same positions as in his portfolio? Is it a rolling portfolio and I start buying stocks that the star buys, till some point in future when the portfolio of the start and my portfolio matches his, to achieve gains similar to the star. I think a lot more deeper thought needs to go into this open trade make it useful to people like me.
Vinod, the idea of opening up opentrade is to more learn from what profitable traders do, rather than look at trying to copy everything they do.
I believe all who have paid Open trade have paid to earn and learn and not only to learn. Why someone have to compulsorily pay 2500 minimum to learn , why people are following stars without getting enough information about the stars .
Just to learn. It appears to be gambling and loosing money in the name of learning. I request all who are reading this post to reply to this post and tell us if you are learning anything? Rather you have subscribed only to learn.
Yogesh, there is no compulsion to use this. Btw, what information do you need? Like I said earlier, every trader is doing both intraday and positional trades. So there is no point mentioning that. We don’t intend to share the exact quantities a star is trading, this is as per our agreement with the stars. Anything else that you need to see?
HI Nitin,
Many thanks for your response. Please do not take me wrong . I understand Open trade will evolve with time. However that was just my feedback at present .
I hope i will learn something from open trade stars in future which I am not currently.
Best of luck and thanks for the wonderful thought and initiative.
When is going to live opentrade.
It is live, but in beta currently.
Nitin Sir,
What is beta and when it will be in final upgraded version.
Sir a small label describing the trader is intraday/positional trader as requested by many , please advise when are you planning to implement that.
Yogesh, every person is intraday/positional :), every positional trader seems to be making intraday trades and vice versa. So no point describing him that way. If there is any other way, let me know.
@Nithin Ji
1) To separate both Intraday & positional trades. We can separate same star into two stars with diff labels ANDROMEDA – Intraday & ANDROMEDA – Positional.
ANDROMEDA – Intraday, only Intraday trades can be updated .
ANDROMEDA – Positional, only Positional trades can be updated.
So subscribers can pay as per their wish & start following.
2) Investment trades can be ruled out of Opentrade, so we can unlock Flashback. Unlocking Flashback would be like free trial & subscribers can know about Stars trading nature.
3) Drop SMS alerts as its not reliable, Only Email and Desktop notification will be enough.
These maybe weird suggestion but if implemented will solve mostly problems in Opentrade
@Other reader, First have some patience. See a CEO is replying for your comments, so try to give suggestion. Don’t dump issues.
1. Hmm.. don’t know if it is practical. We wont’ get to know when the star is trading if it is intraday or positional.
2. We are planning something on this.
3. yep, dropping SMS soon. Emails go on time, and everyone has internet on mobile now.
Thanks 🙂
What is beta and when it will be in final upgraded version.
It is beta because we are still working on adding new reports/features. Until we are satisfied with everything, it will continue to be in beta.
HI Nitin/venu,
How to identify who are positional and who are intraday since all stars are showing trades taken per day.
Traders must understand that, whenever you wish to follow a star,first of all check with his number of trades daily and his capital and his nature of trading.If it is matching with yours only can follow,ensuring that you will follow all trades of him.Otherwise perhaps you maybe following his bad trades only,not the good trades.And it will make you a Looser.Try to follow 1 star at a time,in a month,otherwise you will be in doll drum.One star wants to buy nifty ftr,and other star wants to sell nifty ftr.-net position will be nil on your trade book-all these confusions will end on loss.
Nithin,
Since you are active here mostly, I am posting my query here.
Any plans to add the spread order feature in Kite anytime soon? Take a look at this month’s index movement – strategies involving options writing are going to make more profit this series due to premium decay. Now someone with low capital like me cannot write ITM options to execute such strategies. But if you allow spreads trading I can write ITM options with buying OTM options. Limited risk.
Regards,
WhatsInAName
PS. Spread orders for Nifty options do not work for me in Zerodha Trader.
Spread trading the way you think (for margin benefit) won’t work on Indian exchanges. Margin benefit kicks in only after taking all the positions. But I get your point, and it is on our list of things.
Asking the same question for third time
How soon can we expect some stars from the Commodity fraternity
Expectation : Not expecting any response like the previous two occasions
We have spoken to a bunch of commodity traders who are profitable. As soon as they agree, they will be on.
When positional traders will be added. Soon? any eta
We just added 4 new stars.
HI Nitin/venu,
How to identfy who are positional and who are intraday since all stars are showing trades taken per day.
Profitability chart must be made of actual profitablity=net returns, after deduction of all tax,brokerage, etc.
You are giving false info in the name of profitability to attract customers.
We are working on adding charges to it as well. The reason we are showing average number of trades per day is to give an idea on how much charges he might be incurring.
At free of cost, Or one month credit. And moreover their net profit % on daily basis have to be published. Most of the days gross profit will be positive and net profit will be negative after deduction of tax,brokerage, etc.
Yes, charges bit will come in by next week. Understand that opentrade is currently in beta. We are showing an average number of trades done every day, this should give an indication on how much brokerage + charges they might be paying.
Venu, A voluntary decision doesn’t allow you to loot money from traders,as it is, your promises are not being working out,due to many reasons like hickups in sms email gateway. Until everything is OK,you give permission to follow all zerodha traders to test their Star methods
AGREED….
Hey Sasi, the primary method to notify is notification within the platform and email. Both of them are working okay. SMS gateway, we have no control on. We might remove that SMS option. Loot money? there is no compulsion to be part of this platform. The objective of opentrade is to be an educational platform, let everyone know what profitable traders are doing.
so sir please add the list of long term and positional trader..
Venu,if you are receiving money from clients for credits,you are liable to pay back the unutilised amount .otherwise you collect one month credit from clients to test the star.otherwise you are punishable for a pony scheme for cheating and misleading. Moreover your sms-email gateway is in trouble always as you agree.The huge loss will have to be suffered by followers
Agreed…….
Other brokers are giving regular on trading screen free . 2)What r the charges for that ? 3) How does it works 4) Is it helpful to anyone if so u can trace it .
I’m not sure what you’re talking about. Could you please be more clearer?
I don’t know why don’t you provide flashback before following stars. I would like to see flashbacks of some stars before I follow. This is quite logical for decision making in spending credits. I hope you will understand the huge need for this basic information information before deciding whom to follow. PLEASE CONSIDER…according to me it’s logical and a must.
If flashback data is made available, then one needn’t follow anyone, you can take equity based decisions from Flashback which defeats the purpose of Open Trade.
I salute Zerodha!!!
Please mark stars with Intraday Star, Swing Trader, or Positional Trader.
It will have great value for me.
I’ll pass on the feedback to the concerned people.
PLEASE ADD THE LIST OF LONG TERM AND POSITIONAL TRADER IN OPEN TRADE .
THANKS
I’ll pass on the feedback to the developers.
Really looking for some kind of timescale for GTC orders (even if it is approx.). Since more than 6 months now, whenever I ask for an update, I just get a standard response which says ‘We are working on it’.
Secondly can you confirm that GTC will be available for F&O also?
And lastly, can you confirm that GTC feature will be available on both Pi & Kite?
There have been a few technical roadblocks moreso from the Vendor side to implement the GTC feature. Since there are dependencies, it would be difficult to commit a time frame. We’re doing our best to overcome these hurdles to be able to provide these features. We’ll keep you posted.
Ok. Thanks Venu, but that still doesn’t answer my second and third question.
BTW, I was told that it is pending because you were awaiting Exchange approval. Is that not the case?
The dependencies include getting approvals from the Exchange.
Ok, I am disappointed with you response, because that still doesn’t answer may second and third question.
Venu, seems like you have made up your mind not to reply to my second and third question 🙂
Also add the option for refund of not used credit. For those people who dont like this service.
Signing up for Open trade is a voluntary decision, credits are non-refundable, so you would want to think before your subscribe.
please add the option of buying 1 credit in opentrade. so that if people like this service then they will continue and buy more credit.
We’ll see what we can do here.
let’s see.
In opentrade you only add list of intraday trader who is taking more number of trade so that people who join this service will also take more number of trade and genrate large amount of brokrage for you guys.This is not a win win situation as we know in stock market people can not survive by following other for long time.You have to make your own system that suits your personality.
Signing up for Open trade is a voluntary decision, there are no compulsions. If you feel following someone can help you learn or better your odds of winning the markets, you’re free to do so, else you always have the option to build your own trading system.
Can i get refund of 4 credit (i.e 2000rs) in open trade. i used 1 credit (i.e 500rs).
Apologies, Open trade credits are non refundable.
why.??
I am not satisfied with this service.Take some fine and refund remaining amount.
Hi,
When mutual fund platform will be integrated with Kite (same login for trading & mutual fund)
Soon, we’re working on a few upgrades to Kite before the integration happens.
Nithin,
Please help us with the details around weightage
If
star Capital is = 1 Cr.
follower Capital = 10 Lakhs.
Can you please explain, as a follower of the above star, how to derive the quantities from star’s weightage values.
Thanks!
Surendra
Average capital is to give you all indication of the account size on which the trading happens. % weightage indicates how much weightage is given to what position in his portfolio. So if someone has contract value of 5lks of nifty future and 5lks of Infy, it will show weightage to each as 50%. But note that this is not margin allocation %.
Sir, in next pi release please add woodies cci and andrews pitchfork indicator (apf) sir, it will be great help if u add this.
Hope u will add these 2 indicators.
regards
Like NIFTY AND BANK NIFTY
This is possible or not ?
When star execute order then execute automatically execute order subscribers account same trade.
Selective script only not all
how long are the credits valid.. for eg.. if i just chose to follow 1 star everymonth .. is it possible
Yes, with 1 credit you can subscribe to one star for one month.
sir how to pay it will get deducted from our trading a/c or should we pay separately Rs.500/- to follow start trader.
You’ll have to pay separately for Open trade. Funds will not be deducted from trading account.
Flashback tab is added however its not working its blank. When it will be functional.
Can you check now, should be working.
Please check the following:
For Corvus today, it was relayed as follows>
In the same scrip traded>
EXIT Sell “Complete” was given 2 times consequently and after that Buy the same scrip…
This is weird!
How can he Exit same position “completely” 2 times?? that means partial should have been stated in the first Exit…
You must do something about this guys and make this error-free and stable.
Checking.
I am following PEGASUS, CORVUS and URSA MAJOR.
Today (5-APR-16) I got SMS and emails only for the trades of URSA MAJOR and no SMS and emails for the trades of PEGASUS and CORVUS. Please look into this issue.
Some issue with the SMS gateway, can you enable destop notifications.
How to enable desktop notifications ? (my OS is windows 10)
How will we know if a Star is trading or not (ie- on Hioliday) on a given day?
Maybe a “Welcome message” from the Star in the morning (after he logs-in) would be nice to indicate that he is trading, otherwise followers will keep on waiting & guessing for the whole day – even if the Star may be on a holiday 🙂 (esp. Intraday Star Traders)
Moreover, a brief pre-opening and mid/after Market outlook from Zerodha or Star will be good for all those who have subscribed to Opentrade.
Hi Nitin / Venu
1)Please include stars which are positional traders. All present stars in the list are intraday traders.
2)When we expect to see the download to excel function for Trade feed.
1. Yep we will.
2. Don’t know about excel yet, but we will give you a filter option soon.
Can you show at least one year performance of these stars? It should be month wise.
We have opened up quant, where you can see graphically the performance for 1 year. We will also put up more numbers soon.
Out of 5 Credit, Can i follow 2 star (using 2 credit) for one month and remaining 3 credit in Next month.
Yep.
While trying to follow a star, follower is taken to login with zerodha account credentials and give undertaking to allow access to his account.
Why is a follower asked to authorise you to –
(1) access to his holdings/positions
(2) Account balances and
(3) place, modify and cancel orders
This is basically a standard kite connect API check that we are using. We don’t need any of the authorization, we will have it removed soon.
Showing gross returns without any expenses is very misleading & inflated. Actual Net returns may be very less or in negative after all expenses. Gross will always be very high with multiple trades within a day.
We are making changes, by next week we will change it. Btw, quants will be on gross basis itself for now.
Profit percentages should be on profit after brokerage,charges and taxes .That will give real picture of profitability as the profit comes in the ledger is after all the charges.
We are making some changes, hopefully by next weekend u will see a lot more.
Is the profit based on average capital which includes free cash also? Or is it only based on required margin?
If it includes free cash and So, if any star keeps any free cash in account for drawdown, his profit percentage will go down? To show more profit percentage, he will try to withdraw and keep bare minimum.
Average capital = free cash+holding value+ margin blocked. But I guess people will know that a star making lesser returns with a lot of capital is a better option than lower capital with higher returns.
That’s for people to judge but then we can not compare star returns fairly. As a trader, i may be more comfortable keeping extra cash in account for drawdown and might be making more returns on my margin compare to another trader who is making less returns on margin but showing more profit percentage if he does not keep extra money for drawdown. To make fair comparison, profit should be calculated based on margin only and should be clarified in your tutorial.
Also, I agree that it should be net returns (as traders making more average number of traders might be making more gross returns but might be negative net returns or hardly positive returns). So, this is misleading.
Please try to think from perspective of subscriber as your data is misleading (not helping us to objectively compare the stars).
We are working on adding a bunch of things. Flashback for every star will also be available from monday.
Hi Nitin,
Great initiative novices like me.. Just want a clarification, does the profit % given for stars take into account the brokerages, other charges and tax paid??
No Tridib, these are gross returns.
You should also display the standard deviation of returns to given an indication of the volatility in the star’s performance
Hi,
(Hope you take below positively with an open mind)
The trade feed from stars isn’t satisfactory and practically un-followable and there is nothing to learn from the trades neither earn consistently..
I am following 4 stars since 1 week…
One star trades so so so fast and so heavily that before we take positions he is in-out… It is humanly impossible to take his trades… It seems like an Algo is trading!! Seems he may be using an algo thru’ Pi bridge or similar (I think)
Other positional stars never book profits even if they be +100pts and exit at cost when stock comes back to entry… more surprisingly they keep “reversing their positions” frequently at entry levels and keep switching their stand in few 15-20 points (taking consistent losses)…
Even if we assume positional trades (Not taking 100+ pts profit and exiting at cost and then keep on reversing positions just for mere 15-20 pts. that too with losses)… This doesn’t look to be humanly normal!
The %profit/loss quant reports keep changing w/o any basis with very wide swings… eg- a star’s performance showed 36K profit for 23rd Mar till yesterday and now it’s showing 72K for 23rd itself!
There is nothing to be learnt wrt knowledge/style and nothing to be gained in monetary terms..
I think we ie- everyone in Zerodha (Mgt + Clients) must relook and regroup ourselves to make this wonderful idea workable, otherwise it will keep losing its sheen in the days to come!
Looking forward…
Best of Luck &
regards
For this I guess zerodha should provide additional feature as “Followers Rating” … How much followers rate him out of 10 or out of 5… Also if possible followers should write his experience/review following a star somewhere … so will you add a opentrade forum for that in which only zerodha members can sign in and discuss all about opentrade and stars among themselves ?
Rating a star maybe, but not really a forum. Don’t want the stars to be bothered about all of this. The idea is to be able to run this initiative without any interference or distraction to the star.
I have account with zerodha..can i pay through my friends credit card to buy stars?
Yes
Regarding “avg number of trades”, is SAR calculated as 2 trades. Ideally, it should be calculated as 1 trade, as the star has to put in only 1 order (with double quantity). This will help subscriber to know if we need to put in less number of trades than suggested by the ‘avg number of trades’
SAR is considered two trades.
I am unable to see the average trades taken by a star per day. Pl tell where to look to see it.
it is just below the stars average capital
How to calculate average capital (STARS)
It is basically total account value for everyday, and then an average for the last 90 days. Total account value or net liquidation value = current value of his holdings + free cash+ value of options+ all margin blocked – any short option premium.
Pl. also show how many trades avg a star takes.. Am following Andromeda. He takes over 30 positions in a day!! No way to follow that!
This average trades per day is already displayed on Opentrade.
Does Pegasus trade thru’ Zerodha terminal?
coz his avg trades shown are 13 per day…
but as of now he hasnt ever traded > 2-3 trades… or is his feed not being relayed?
Pls clarify..
Also, it would be good if you describe the style (NOT strategy/system) but style or philosophy of star traders
eg- he likes to trade Stock FnO intraday & is a scalper and keeps his trades for 2-10 mins… or .. he is a positional trader and takes his trades based upon so & so etc.. must be described with lil bit of his trading principles..
Think on this pls!
Opentrade will evolve with time.
When can we expect for opentrade to start sharing MCX trades also??
Again no SMS/email for the trades of PEGASUS and URSA MAJOR on 31/3/16.
I think it is sorted today, can you check.
Hey,
Any referral link for opentrade 🙂
Dear nitin sir,
Can you put total gross profit/loss for star traders? it will give more clearancy.for like year wise or from starting on wards..
Regards
naanu
“EXIT” word is missing in some trades and “COMPLETE” is missing in some other… This is creating a lot of confusion!
Please match/pair the Entry trades with Exits and you will find for yourself that there are many loose-ended open/clashing trades!
Something like below may be thought of>
Color the text as:
– Fresh Long Entries in Green
– Fresh Short entries in Red
– EXIT Partial in yellow/light blue
– EXIT Complete trades in dim black
Whatever way you do it, but it needs to be stable and consistent for all trades w/o intermittent missing remarks etc.
Hi Nitin / Venu,
There is an issue with Portfolio Tab in Evening it shows stars IS holding the portfolio and in Night it reflect star is NOT holding any portfolio
Hi Nitin / Venu
1)Please include stars which are positional traders. All present stars in the list are intraday traders.
2)When we expect to see the download to excel function for Trade feed.
Again no SMS/email from URSA’s trade today
Now, there is problem with Ursa’s feed 🙁
Now restored … Thnx!
Again today no Email/SMS delivery from Andromeda…
Pls do something urgently to restore this and pls make this stable!
How soon can we expect some stars from the Commodity fraternity
Also, “EXIT” word is now not appearing in the Exit Trades… It is required so as to avoid confusion.
Checking
Hi Nithin,
The Email/SMS delivery are still extremely inconsistent… I ain’t rec’d any emails/SMS from Andromeda. Neither there are any desktop notifications rec’d from Andromeda…
It is 3rd day now since the problem is persisting. Please look into this, at the earliest!
Hmm.. this seems to be working fine now. Can you send an email to [email protected], someone will get back
If one wishes to filter like this —- Top Performer of the last seven days — his MIS orders are more than NRML orders — segment traded NSE equity… then how do you do that?? … Sorting and Filtering is Most important Feature we need.
Hi Nitin /venu
Big request for you. Please include stars which are positional traders. All present stars in the list are intraday traders. I am not learning anything nor I want to learn anything from them. Please do something.
Yes, we will add more traders soon.
HI Nitin/Venu
For Andromeda trade feed is from 23rd March and for Ursa Major trade feed from March 18. So does it mean Andromeda there were no trades from 18th to 22 March ?
The historical trade feed might have started on different days for different stars.
…any best performing star for swing trading?
hello…can we expect margin funding this year…?
yes hopefully.
Hi Nithin,
Hope you are working on the sms/email issues… Addl issues below for yr considerations>
1. We need to club a 1 trade (Entry till Exit) in one line/row on the dashboard with preferably the %profit/loss (maybe in a tabular form or entry/exit clubbed one below the other…
2. Also, a unique “Trade No.” for each trade is desirable to track/monitor etc.
3. Trades in a single day need to come on a single page and not in multiple pages… or with an option of trades per page (like we have in Flipkart etc.)
4. MIS/NRML position is essential for carrying forward a trade, if star may do so and also, you need to check if auto-squared-off trades are also being relayed to followers or not..
5. Desktop notification that is mentioned isn’t working in IE browser and also in Firefox…
6. Positions under the portfolio tab and current open/actual positions in trade feed do not match and are inconsistent…
Looking forward to your feedback and resolutions..
warm regards..
Working on it.
Hi Nitin/Venu Sir,
Can you please incorporate option of download to excel for trades in TRADE FEED. Its very difficult to analysis at the end of the day to study the trades taken by the STAR .
Yes on our list.
Lots of issues…multiple trade by a star but I received only one SMS. I did’t receive any SMS from the other star I am following but the dashboard suggest he has made some trade.
Friend,whats the cost for following one star? pl reply me
thanks
naanu
With 1 credit you can subscribe to one star for one month. 5 credits cost Rs.2500/-, that’s the minimum.
thank u so much sir
Some issue with the gateway, we are working on fixing this.
Hi Nitin/Venu,
I have subscribed 3 stars. 1st and 2nd day I received SMS of one star and no SMS received from other two. But there were live trades by the stars whom I haven’t received SMS. This is 3rd day, no SMS received so far. But there were many live trades all the 3 stars. This is really disappointing and confusing whether to follow or not. Also, no info about whom to contact for resolving these issues. Please look into this.
Hoping for accurate service from now onwards.
Some issue with the SMS/Email gateway, we are having this fixed.
Dear Sir,
What is the average profit streak? pl reply me sir,
thanks
Check this post, it has an explanation.
HI Nitin/Venu
Trade feed data is very confusing for 1 of the star we can see the position is open however in its portfolio tab there is nothing to show. Can someone please explain how is it possible
We are doing some fixes to make it easier to understand. Give us time till tomorrow.
Plese add profit and loss trade accuracy in monthly based 🙂
HI Nitin/Venu
For Andromeda trade feed is from 23rd March and for Ursa Major trade feed from March 18. So does it mean Andromeda there were no trades from 18th to 22 March ?
Hi Nitin/Venu,
Can you please share the logic why 18th March is the chosen date why not from 1st Jan / Feb/ March 2016.
It is from when we took opentrade live. But we are adding Quant flashback on star profile, you will be able to see historical as well.
Dear Nithin
Why can’t you show position size? % weightage is really confusing, how would you determine position size from % weightage, please explain with an example? Thanks, great initiative though and as always zerodha rocks.
In above query, please read>
Cnc positions or NRML positions
I have subscribed to 3 stars…
Problem #1
Although I was receiving sms/email notifications till 09:56 till today morning, suddenly the sms/email notifications have stopped from delivery… It’s very strenuous to keep watching the OT dashboard by refreshing the page continuously to ensure any new updates.. so as to not miss anything important (which I did) 🙁
Problem#2
We need to have an “Auto-refresh” on the Dashboard page.
Better would be- whenever a new update/trade is received it should automatically be updated without the need for refreshing the page.
Problem#3
The positions taken by Ursa Major today were in EQ. It wasn’t clear whether he has taken this in MIS Margin or CnC so as to be carried forward to next day… It was clear only after the close of the market that it was a CnC postion as the position is still not closed… Same is applicable for other positions by Ursa Major and Andromeda in FnO
Therefore, it should be clear if the star has taken a CnC or MIS position and also the conversion, if any…
Kindly look into the above issues (esp. 1st problem) at the earliest please..
The SMS/email gateway can be lagging. There are desktop notifications enabled, so as long as you have opentrade open in background, it should give a desktop notification. If you are not seeing this, send an email to [email protected]
I don’t think I am getting notification of Pegasus. Moreover, I do not think that the trader feed and position is being updated. You can cross-check with the trade entered by Pegasus and updates/notification sent/missing.
It should start updating from tomorrow.
I can see the change in position (buy) in opentrade but have not got any sms/email notification from Pegasys. Please look into it urgently.
Yes some issues with the SMS/Email gateway, we are having this fixed.
It worked yesterday and again no notification today of the long position carried over by Pegasus to next month contract at 3:27 pm. No sms, email and not even popup worked. I have already reported this to opentrade and support also. This product is still not stable. Great initiative but having implementation issues.
Today, I also noticed that the number of subscribers suddenly doubled (after my refresh during the day) in just one minute.
Also, the return of Pegasus was showing about 420+% returns yesterday and then today, it showed only about 320+%. Did he lose 100% in just one day (during the first day of new 90 day period) or was the calculation wrong earlier?
is there any charges for following stars?if yes how much?
Regards
naanu
Yes there is, 1 credit for following a star per month. You can see how much credits cost by logging in.
one clarification wahts this longest streak profit ?
The maximum number of days a person has been continuously in profits. Check this post.
I have subscribed to PEGASUS, but I can’t see his/her trade feed
The particular client was on NOW platform hence you were not able to see. Should be visible from tomorrow.
First Live experience with Opentrade – I subscribed to 2 stars last week. Today was the first time I was to receive notifications of trades. Unfortunately, the experience till now is not very convincing.
One star subscribed is a day trader and frequently enters and exit trades. First, there is absolutely no info on the usual timeframe of trades of the stars in the star profile page, so I ended up selecting a star whose trading style is very difficult to follow given the frequency of his trades and short timeframes. Something needs to be done about this. More info on trading style and a short anonymous bio of the stars focusing on trading style will help a lot.
Second, to top this the sms and email updates functionality is broken. Its not sending notifications on time. I got the entry sms for the first trade on time but got the exit sms 25 mins after the trade was exited. The next entry message was 10 mins late. The exit message of this 2nd trade is yet to come while the trader is now on his 3rd trade :).
I am sure these are early hiccups and the Zerodha team will improve the tool but a lot of caution is needed before the tool can be trusted.
Hi , I have taken 5 credits and started following one star. How can i view their trade in Pi terminal?
You can’t view it on Pi, it updates on opentrade dashboard, you get emails and SMS.
HI Nithin, Good job, I like it. but still some all trades are not updating timely. Some trade sms are missing, that what i feel
Having this checked.
Hi Nitin /venu
Thanks for your response. Please note as mentioned I am already following a STAR Pegasus but not able to that star trade history and trade details. Please advise where do I need to click on the link to see the historic trade details. Please advise urgently.
Hi Nitin San
I think the no. of followers subscribed to a stars should not be shown.It may discourage or pressurize the stars…I think u can understand it better.
Further heads up to all stars for their supporttive attitude to help new traders.
Regards
Sudhansu
seems PEGASUS,TAURUS,GRMINI’s contract s details are wrong (repeating itself), probably misleading.
might be there Profit % also would differ.
I am unable to log in to Opentrade .On last step of trying to log into kite account it gives a message “invalid credentials ” though I am using my Zerodha ID and password which in normal course allows me to log into Pi as well as Kite.
Earlier there were 21 stars.Now I see only 15 stars.What happened to the remaining stars ?When is it going live means when can we see the actual trades of the star one follows ?
Zerodha needs to give more user friendly information for this wonderful idea to succeed.How about sharing a one page note on how to see the star information ,rules ,regulations,what more information can be shared and what cannot be shared.Good idea but packaged and marketed very poorly. Wake up Zerodha.
The stars who are down in the last 90 days are invisible, as and when they come back in the green, we will share the details. We will announce it to public sometime next week, and yeah will have a post on how to use it.
Hi Nitin/venu
If I am following a STAR after which star is not performing will it become invisible? What will happen to my credit which I have paid to follow that star
You will keep getting to see the stars trades until you unfollow the star (even if he becomes invisible from the main dashboard).
I am unable to login to my open trade account since this morning. It says invalid user credentials.
Send such queries directly to [email protected]
Dear Mr. Nithin,
Permissions required to activate opentrade are
‘Access holdings and positions portfolio; View your account balance and margins; Place, modify, and cancel orders’
Why opentrade requires these permitions? And giving permission for “Place, modify, and cancel orders” to opentrade, does it missuse my account or place unauthorised orders in behalf of me?
Where are you seeing this? To activate, all we need is you to verify that you are a Zerodha client.
When I try to activate my Zerodha client id and after login with kite id & password it asks for those permissions to authorize.
Ah k, checking why.
Have you checked the issue?
It is a standard bunch of declarations for all platforms that use our Kite connect logins.
Dear Mr. Nithin,
You have already done great jobs through Zerodha.
Thanks a lot for offering such wonderful services
As being a existing client here I am suggesting to introduce “Demat Debit Charge Reduction Pack” which will allow equity positional/swing traders to reduce their expenses.
Like, if a client pays X rupees upfront then he/she gets Y no of free debits.
And your business model doesn’t encourage upfront charging then you can arrange for discount on bill amount of certain period.
Say, if a client generates Z no of debit (Rs 15.46 of each) at end of the said period then 10% discount. Higher the bill amount higher the discount
Hope you will assess the matter
With Warm Regards,
Arkendu Bikash Porel
🙂 I don’t think we will be able to do anything on this. Already significant portion of the debit charge goes to NSDL.
if by mistake i have unfollow a star which i was following can i follow the same star again or i need to pay 1 credit again to do that
Yes you can follow the same star, 1 credit only after the 1month expires.
Hi Nitin/Venu,
I have subscribed and following the star however i am unable to see the trade histor of that star how can i see the trade history. Where do i need to click to see the trade history. I need the trade history of the star .
Please advise urgently .
You can see the trades only from the day you start following the star.
Hi Nitin /venu
Thanks for your response. Please note as mentioned I am already following a STAR but not able to that star trade history and trade details. Please advise where do I need to click on the link to see the historic trade details. Please advise urgently.
Yogesh,you can see only quants historical. You get to see the trades (live and historical) only after you start following a star.
Please any share the URL for opentrade .
its a new start but not upto expectations . I hope it gets better over the time with stars trading in equities that are part of sensex / nifty 50 like Ril , SBI , HUL , Infy , L&T.
Hi Nitin /venu
For example today is 1st jan and If I have taken 5 credits and following only 1 star then remaining 4 credit will be valid till what date and month. (April may june or it will remain valid for life time) Please clarify.
Valid for lifetime.
Request you to re-check the quant reports of Pegasus – looks doubtful that with an avg portfolio size of 14 lakh, there are daily P&L swings of 10-15 lakh……
Hi Nithin,
I bought a pack of 5 credits and only used 2, but now credits are reflecting as 0. How do we verify? Also when we choose the unfollow option does that particular credit go into freeze mode or will it continue till reaches its expiry period. Moreover can one single credit be switched among multiple stars till it expires.
Can you send an email to [email protected] with your client ID
Nithin,
Can you please help to understand how this weight-age works.
1. is the weight-age % is margin amount used for the each position / value of the total position?
because
Margin for 1 lot NIFTY call option @ Rs. 10/- BUYING = 10 X 75 = Rs. 750/- (margin 750 = position value 750)
Margin for 1 lot NIFTY call option @ Rs. 10/- SELLING = ~ Rs. 40,000/- (marging 40K != position value 750)
2. if weight-age % is margin amount, is that % is of the total account capital OR is just used capital %?
just for illustration purpose, I am trying to take details of the one of the star I am following:
STAR Profile (Just changed the capital numbers )
====================================
Avg Capital : 5 Crore
Positions:
STOCK SYMBOL Type Price Weightage
NIFTY16MAR7500PE B 22.50 8.73%
NIFTY16MAR7700CE B 70.77 9.15%
NIFTY16MAR7800CE S 12.76 38.6%
NIFTY16MAR7400PE S 7.33 10.42%
NIFTY16MAR7600CE B 65.50 8.47%
NIFTY16MAR7500CE B 95.20 24.62%
>> As asked above, how this % works against capital?
FOLLOWER PROFILE
===================
Avg Capital : 50 Lakhs
Positions:
>> As a follower, how one should take positions with 50L capital to follow the above star?
How much capital is being used for the taken positions? what is the remaining money for future hedging purpose? because Star may have different strategy to get into hedging trade to protect his position. so that there will some reserved capital.
NOW NEW TRADES…
alerts with below msg.
EXited partial NIFTY16MAR7500PE
how do follower understand, partial means.
Final Request
I would request you to be in the follower’s shoes and explain detailed approach, how follower can get follow star by using this data.
% weightage is not based on margin used. It is basically the position size.
Hi, Is opentrade started? can i simply make payment and start following somebody now? how realtime trade will update me. please explain me
Yep it is open. Trade updates will happen through SMS, Email, and through the dashboard within opentrade.
This is strange that I can not post images on z connect to explain my point…Few Weeks back My Antivirus was saying z connect has some virus or Trojan and it was not opening at all ??… From then on z connect has become unattractive to read with bright white background … In addition how do we add images to our posts … This option is also missing…Please do something
We had a major malware attack on Zconnect. So we had to quickly change the format of the blog. You can add pics normally, it will need us to approve from the admin.
Hi Nitin/venu
If I am following 10 stars for 3 months and my past 90 days trade records are good. Although I am not taking exactly the same trades what stars I have chosen have taken. Later if I want to be a star can I be eligible to be a STAR
Yep, you can.
Please have an optional but more user friendly tabulated sortable and filterable representation of stars like the image attached,,,
[IMG]http://i66.tinypic.com/2z4cygk.png[/IMG]
Hi Nithin,
We need to know the type of trader one is >
eg- Eq Swing trader, F&O Swing trades, Intraday trader, Short-term, Positional, Investment (as also mentioned in your original post above)
Also, a few words describing the Style and Type of trades a Star takes along with average duration of his positions is required and can be included in his introduction along with his Favorites tab..
Thanks & regards…
We will have a new section which will show average number of trades per day.
Nitin,
The 90 days is a random stat to show profit %. Am sure choosing profit % for 365 days (year) will give entirely different picture. Also this %, gives a head start to only few stars. The rest all will be ignored. We should ideally start measuring the profit % once the platform is live.
We will add more metrics soon.
what if I want to follow only intraday traders, Is there any function to filter the stars with their nature of trading? Because I don’t want to follow somebody who trades one or twice in a week and take delivery for thousands of shares.
We will by monday share an average number of trades taken per day by the star.
Nithin,
Is there any issue to display normalized quantity in new trades and Positions.
If there is no quantity, this will not help to decide how to manage the money for taking positions.
Please clarify on this.
Thanks!
Surendra
There is no quantity, but we are showing % weightage of the stars positions.
I have tried to post a sample sortable star table link above.
we are not seeing any new trades today. is that is expected OR there are no trades from these traders?
It is possible that some of them don’t trade daily.
In the positions, the follower should be able to see the quantity. If there is no quantity follower can not understand the ratio between the buy and sell for option hedging.
It is of no use. if you dont want to reveal the actual quantity, you can normalize them in the ratio and show to the follower.
We are currently showing the % weightage of the positions.
For the trader named “Columba”, is there any bug in his profitability graphs? The chart and numbers look horrible for a profitable trader!
Checking it.
I was checking the streaks of some traders. Their profitable streaks run in few crores and losing streaks in 90lacs!! If I had this much capital, I will put it in fixed deposit and set it to monthly interest withdrawal. 😀
Great initiative guys. Still deciding which 2 stars to follow for the first month. It is clear I can’t take most trades due to capital restriction. But maybe I learn few tricks.
pls share the link here to open trade website
https://opentrade.in/
Hi Nithin,
I have subscribed to one star today… But, I think considering the long weekend holidays, Zerodha must consider the subscription start date, from 1st April or at the least from Monday, 28th March… as an early offer 😉
Thanks for the excellent intiative!
Hi Nithin,
Seems my above message was overlooked… Please consider considering subscription start date as 01st April or atleast Monday, due to a long weekend and also to resolve any hiccups during the gestation period of the new launch…
Please share the info about how to subscribe to the stars and where we can see all the reports ,trades i am fellow client of zerodha
What are the percentages? Per month, per annum or absolute percentage points of last 90 days?
Absolute percentage returns for the last 90 days. There are a few who are on this list with flat returns. But if they are on this list, it means that they have generally been positive during the trading period at Zerodha.
Its really an awesome tool for a beginner to stay profitable. Please make a tutorial video like the one which you made for kite and PI, It will be very helpful.
Yep, probably a simple post explaining how it works will do.
Hi venu / Nitin
If for example I have 1 credit with me which will expire in 10 days . can I unfollow 1 Star and change to another star. Can I keep changing stars every day with available credit in my account
Once you follow a star, the credit is valid for 1 month. So even if you unfollow, you will not be able to use this credit for another star.
Hi All,
Did anyone got an invite form open trade ?. Its already Live however now mail notification from Zerodha ?
We will probably send an email only by monday considering markets closed from tomorrow onwards.
I am being asked to verify ID by logging in to Kite Account , on the Opentrade Site. I don’t have a Kite Account. I have Zerodha Account but never used Kite. What shall I do ?
You can use the Zerodha trading account to verify ID. Mention your client ID and trading password.
Great work Zerodha team!
Going through the stars. Had a question though and a suggestion –
1. The average profit/loss streak figures are way above the longest profit/loss streak figures. Are the average streak figures actually the total profit/loss figures for the period?
2. Please show some more descriptive statistics on the trades on the star profile pages as that would help in selecting the stars according to their performance and trade type and duration – like avg profit/loss per trade, avg duration in days or mins in case of intraday, std dev etc.
1. Check this post, explains on the quant reports shown.
2. We will probably add more bits by the next release.
Is it in beta..live only to some folks?
It is in beta for everyone.
Whom to reachout ? Who to ask if i have any question regarding this ?
You can ask here Yogesh. Will put up a section on opentrade which will explain how it works today.
Dear Nithin, have you any plan for MCX also ? If yes then can we know the probable date ?
Yes, hopefully MCX also soon.
In your earlier post you have mentioned we can have access to Star’s Quant reports and we would be able to see the trade history (Date, entry/exit & stop loss of past trades). The date when the trade was taken and the date when profit and loss was booked. Please advise/guide how can we see that.
You will be able to see this only from the day you start following stars.
Is it LIVE already? asking user/passwd.
It is live, but a bunch of UI issues, we will have them all fixed by end of day.
How to search stars who trade only or mainly intra day? There should be some user-friendliness in the open trade interface… user should be facilitated to quickly filter out the star he wants to follow…user can only see the profitability but not the historical trades of star trader … I need to see stars history before I follow him
Currently no MCX. You can start seeing the trades only after following a star.
How to search for the stars who mainly trade in MCX ?
You long await is over opentrade site is live go check it out.
Thank u to everything zerodha
Main 20 rs aapke alawa kisi ko nahi deta as a service charge:)
Because you know itne paise main bahoot kuch milta hai only at zerodha
Zaldi milne wali khooshi zada din tak hoti nahi hai or late se milne wali khooshi zaldi jaati nahi hai 🙂
…These “last minute” issues are becoming last hour , last day, last week, …last month issues….
I have opened account with zerodha last month
I am new to market
I am busy with my work, so I don’t have time to watch market and decide my trade
I’m waiting for open trade group to start and follow successful trader
Then I will start my trading
Hope you start in April
Yes hopefully before April.
Nitin Sir is it Live now ?
You were joking ?
It is live, but we are doing some bug fixing.
Trust me many of us are blessing you for making it happen. Making it LIVE.
Sir any revised ETA date when we expect to see the most awaited open trade Live date. In a day I check more than 1k times.I check my mail box as well hoping to receive invitation mail.every week we just hear 1 dreadful word hopefully next week some last minute issue. I hope you understand our impatience
Yogesh, hopefully by next monday we should be out. A bunch of issues that we are fixing.
really looking forward to the launch and invite 🙂
will past performance of the stars be provided to help us chose which stars to follow and subscribe?
Yes, the quant reports of stars will be opened up.
Hi Nithin,
Are we still sticking to this weekend release plan? OR is there any change in the plan?
Please update the thread.
I think 2 to 3 days more. Some last minute issues we had.
so, I gather it will be operational by next week. I am thrilled…when can I expect to get the “invite”?
Soon! We’ll let you know
Nithin Sir,
Any developments on Opentrade ?
Hope it will be live by this weekend. More the delay, more the frustration of waiting. Pls dont wait to get everything 100% fixed before releasing. You can always fix / upgrade , add more things later.
z-connect is changed … It is looking white white all over … too bright to read … please do something about it
I am happy that platform is starting soon. Looking forward to join and learn from the masters.
Star traders are divided into equity,day trader,swing trader ,option trader but will they take same type of trades in their accounts.If I am following a swing trader star and if he takes a day trade or scalping trade then I will be taking that trade too as l won’t know that it is for short term and not for swing. How I will know that it is not a swing trade ?
For initial few days please run interactive discussions on open trade in which stars also can participate under their star name so that star and followers both will have clear ideas information we get and expect. A star may not tell his system or interact once the project goes live and we will have to learn from the trades they take….
In short happy days are coming for learners to be profitable.
Learner
Hi Nithin / Venu,
Thanks for the Good News. Eagerly waiting to see the platform and its features.
Just want to know if we get stars who will be option selling in your stars category list.
I am sure this program is going to be successful and also Zerodha is going to attract significant amount of client base, only through this program. I wish all zerodha clients success in their trades using this platform.
With Regards,
Dharani
Hi,
Got a mail 2 days back from [email protected] which asked to download their app (WeProfit) which seems to be similar to OpenTrade where you can copy trades of other traders. The mail also said that this was an exclusive offer for Zerodha users. Are you associated in any way with this or you think its spam mail ??
They might be our marketing partners. Will have to check.
I checked WeProfit it’s similar to what you claim Opentrade to be. But they have given the name of the traders.
Have you people been scooped?
On a separate note will there be any pairs trader and intraday scalpers in the list of stars?
I am guessing in weprofit the person publishing manually updates his trades on the platform. Opentrade will be anonymous and automated.
Nithin,
Thanks for giving clarity on dates. We apprciate if you can publish changes that being made to align with regulators compliance.
Just curious to know…
Can followers see star’s orders which includes executed, open, yet to trigger orders. And also positions of star?
It will be great if you can publish another article with comprehensive details. Because when you are normalizing the positions and their qty, followers should kbow how they need to manage their money. If you are normalizing positions of stars, you should also expose normalized funds of star. Then only follower can execute trade as per follower account capacity proportionately.
Some time follower can take call on not taking a trade if his account margin is not suitable for that trade.
I hope you would have thought of all these use cases.
It will be great if star can give explanation about their strategy as a annototaion. So that follower can learn strategy. This information can be shared after trade is closed also.
Once after the platform is launched I will give more feedback.
You will be able to see positions, holdings, and all executed orders. You will not be able to see pending orders.
The first version of opentrade is going to be a beta. We will add a lot more features if this platform becomes popular.
Can we have an tentative ETA DATE for open trade Venu/Nitin.
Yes, please provide a tentative date when it goes live…if it is going to be live next week then i guess we should be able to see the star’s stats now so that we could select a star to follow.
Some last minute issues, hopefully by next weekend.
Good news. Atleast can you tell us how many stars are there? Can’t wait.
We will have around 20 stars to begin with.
My user Id is RG1266 I am unable to download Pi…. Can you help me
We’ll get someone to call you tomorrow. In future, please call 080-40402020 and speak to one of our agents who’ll help.
when will you start open trade pls tell
We’ll let you know once its live.
Hi Nithin.
I have been using Zerodha from last two months and i thank you from core of my heart for making such a wonderful platform. I have a request to make Zerodha more efficient. Currently in Kite if i want to see Open Low high volume of any script i have to individually go into each script. There should be a screen where i can i see this information of my scripts. Like we have in PI. This is very important as per my view.
Thank You so much.
Hi Nithin,
There lot of traders eagerly waiting for this program to rollout. It is very disappointing to see that there is no comprehensive update on the dates from zerodha. My advice is that zerodha is having very good branding in traders community. I wish you people will save that image and make good progress in your innovative product ideas. I am very much worried to see this open trade is getting dragged more than 2 months after announcement. Nothing stopping you to give proper ETA. Being I am zerodha well wisher this is my suggestion. There should be strategy to launch products and their communication. You guys are not any more start up. You grown Mich bigger. Its time to stand up to expectations in quality.
Srividya, Opentrade the platform has been ready long back. This was held back because of some regulatory approvals, which unfortunately is not in our hands. We were asked to make some changes in the way we are wording opentrade, I am hoping to have this up and running in the next 10 days.
Hi Nitin Sir,
Can someone please tell us when actually we expect it to be LIVE and available to public.Any revised ETA ?
Thank you,
Starting in 1st week March looks difficult now as the scheme has not been announced yet. Let us hope that it definately starts from the new financial year atleast that is from 1-4-2016.
Waiting for it to start.
Did anyone from Zerodha told you this ? Or are you from Zerodha ?
Nitin Sir can you please advise
Hi Nitin,
what is time period require to enable these trade to us? Example: Star trader done transaction at 2 pm today then when we can see this transaction in opentrade.in.
You will be able to see immediately.
Nitin Anna
…Ignore harsh comments … they are out of excitement … Take your time…Give us the BEST Product!
hi
nithin sir
I dont understand why u delay in every thing…u dont have decent mobile trading app yet …actually u told us near about 1 year ago that u come with great mobile teading app…u told us 3 month ago that u come with open trade… yet not…i thought u will come with open trade in jan 2017 or more…in such compition world…such things have no excuses….. accepting fast move from you…thanx…
Send an email to [email protected] to get access to beta version of the android mobile app.
Any Tentative data When open trade will be live ?
Dear sir..Take your time but give us dates so that we should not be disappointed anymore
Will the subscribers be able to see the past trades taken by the chosen star. We don’t want only numbers based on which we select the star to follow. Also we need to see the trades in the sense entry and exit of trades taken in past by the chosen Star
Yep, it will be shown.
Mehzin
minimum capital for open trade
Nothing as such.
Let Zerodha take time to start Open Trade with all regulatory clearances,software,analysis of star traders performance,rules and regulations,fees structure,selection of star traders in different trade types such as options,swing,day trading etc.This is an important start up and let all things be perfect before they start. We should not put pressure on them to start early as we want this to be a helpful and long lasting step.
We all hope this time we could be a part of it.hopefully it doesn’t get delayed further. 5 days to go for 1st March . also the way you guys keep the brokerage low the subscription price should be low as well. Only then our expectations will match our patients. Please don’t disappoint us with very high subscription price.
Hi Nitin,
Can you please provide any ETA or tentative dates for open trade .have been waiting since Jan 1st week. Still no news. Everyday many people come to see this thread with a hope but we are not getting any news.
Thanks.
We have updated on the website saying March 2016.
Nithin,
March 16 meaning, can we expect starting of march 16 or end of the month?
Hoping for the 1st week of March.
Nitinji , release of new version pi is amazing , especially interchange in timeframe and interselecting stocks. Lot of thanks for Nithiji and Zerodha team , a small request if 1 hr and daily timeframe would be there ,great or if 1hr tf would be perfect , PLEASE consider . And also eagerly waiting for Open trade .
Shiva, we already have 1hr and daily time frame. You can choose this while opening the chart itself.
Is this project going to see the light of day? I am eagerly waiting for it to take off…learn something from the stars
It is, but will take a little longer.
hi Nitinji,
please keep this thread limited to opentrade updates conversation. Eagerly I open this thread to see updates, but in between others post about charting, etc… i have go and search where is the latest update about OT.
thanks
Sree
Dear Nittin Bhai,
Please guide me for mobile app of Zerodha ,
NSE Now app is absolutely crap lately.
Thanks & Regards
Can you send an email to [email protected] with your client ID. We can migrate you to our app.
1. Assuming it would be active from March 1st
2. Will there be display of how many followers for each star for public display.
3. Need to have the quants of the stars displayed before “start date” so that people can decide, whom to follow.
Nithin Sir,
Partners will get any commission from opentrade subscription?
Not for now. This will be a beta run to see how it works. Maybe after.
Hi please provide updates on Open trade.Eagerly waiting for same.Any hints of progress?
Hopefully in the next couple of weeks.
@Nithin – a small request, can we get the following options in Pi –
1. When a chart is opened, it opens with default indicators preloaded as per user preference
2. Option of dashed/thicker lines for moving averages and other indicators
1. You can save the chart as a template with all indicators you want. So everytime you open a chart, you can apply the template.
2. This will take more time.
Nithin Sir,
I am eagerly awaiting the launch of Opentrade. I think many of our trader friends also are anxious about it. Please expediate the process.
Dear sir I wont to a button in web chart BSE & NSE
Which I can change BSE & NSE chart
Hello, Nithin,
1. When shall we be able to have realtime SCANNING facilities in KITE? Its is so much required.
2. When will BO/CO order will be activated in KITE?
Regards,
K R ANAND
DK0168
1. Its difficult to include all the features that are on Pi onto Kite because Kite is a web application and the idea is to keep it light and minimalistic.
2. We’re working on it. We’ll let you know once its out.
Nitinji, is it possible add andrews pitchfork and woodies cci on pi please
We have a new release of Pi coming up, after this release, we will look at adding new indicators.
thank u so much nitinji
Nithin i am eagerly waiting for Open trade. When will it be live? Do you have any date?
We will announce soon.
Venu, Nitin
This is worrisome. Is there a chance that the approval may never happen. That would be a lost oppurtunity for most.
Nithin I am eagerly waiting for open trade. when are you planning to release it? Do you have any date?
Since it involves getting approvals and all, wouldn’t be able to commit a date. We’re working on it.
dnt u think………splashing ur project(open trade) before taking the requisite permissions is a bit hasty…….?
Never said we don’t have requisite permission. What I meant was, there are people other than Zerodha that are involved and hence it’d be difficult to give an exact date. We’ll be rolling OT out soon
Hello Sir what’s the progress in solving the regulatory roadblocks. Please keep informing….
its very good idea. I have an account in Zerodha. Kindly add me to the new group.
Every successful trader know that derivative trading is a zero sum game. Nobody buys the underlying security here, both buyer and seller share exactly same but opposite risks. So Open trade Result => bottleneck effect in trading.
For learning => Without knowing the thought process behind a trade how can it be used for? Any idea?
Hi Nithin,
I have signed up for open trade. On the site it says it invite based. When can I expect to get started with it?
Shortly
Hi Nithin,
Eagarly waiting for OpenTrade invitation.
With respect to subscriber privacy, in any way will star also know if any of their alerts are taken up and executed by subscriber?
Regards
No
I have one feedback regarding open trade.
The Star trader should signify if the position is intraday or positional. This is very important as per my understanding. Suppose i am following a star trader – he or she might have bought / shorted with a time frame of 2-3 days and if i am trading only for intra day – i might not get profit by following that trader.
Nitin,
If it is only delayed due to regulatory issues, have the stars have been identified?
Yes, we have identified the stars, we will speak to them as soon as get over this roadblock.
Nithin why Zerodha not able to deliver on time whether it was pi or open trade it took lot of time when open trade came out of bag any tentative date
Currently some regulatory roadblock that has come up suddenly. Will keep you posted.
Hi Nithin,
Many congratulations on your new superb initiatives – I am surely your biggest promoter ☺ I have few questions on regulations. As you mentioned somewhere in your replies that regulation may be a hassle to let people automatically “copy” a star trader. However, I am just trying to understand how is this different from star trader alerts that your system will generate given that regulations require anyone who offers/solicits any kind of advice should be registered with SEBI as an Investment Advisor. Wouldn’t opentrade be flouting these rules? Hoping to hear from you soon.
Regards,
Tanveer
Tanveer, all the advice that comes through to others will be through Zerodha. So none of the stars will be directly giving out any advice, it will be as good as Zerodha giving buy/sell signals similar to what every brokerage gives, which is allowed by the regulators.
Thanks for spreading the word. 🙂
Hi Nitin
Thro the innovative ideas clients of Zero(dha) can become Hero…
Expect many more from Zerodha
Sir the success of open trade is mostly depends upon the participation & response of all kind of traders.I just wish to know how are the responds from successful traders.
Further approximately how many traders will be there in each specific categories such as intraday equity,intraday positional,NFO,currencies, Commodity intraday & positionals……
We will have the details out soon.
hi nithin, please arrange two charts on a single screen on pi , one for index and other for stock.
You can add as many charts as you want, check this: http://zerodha.com/z-connect/tradezerodha/pi-tradezerodha/charting-pi
Can you please make video, How it’s work
And also when we are going to launch this ?
Launch is delayed for a bit, will keep you all posted.
Nitin. It is Jan end now. Any technical reasons holding this from launching?
Does Zerodha copy trades of successful traders for their benefit?
Nopes.
1.when the zerodha kite mobile application will be available.. ?? atleast say approximate time.. thanku
2. BO and CO available in that or not??
1. Alpha next week.
2. Yes available.
sir you said Alpha next week but still it didn’t launch??
We’ll let you know once its launched.
Hi,
Regarding the new collateral policy, assuming I currently have 1 lakh as cash margin, can I not take positions with margin requirement more than 2 lakh irrespective of how much collateral I have ?? (if I don’t want to incur an interest debit)
Also, what’s the interest rate for a debit balance
You can take position for the entire cash+collateral component. However interest will be charged if the cash component for the position you’ve taken is lesser.
Eg: If you have 1 lac cash and collateral worth 12Lacs, you can take positions upto 13 lacs. If you end up taking positions for 10 lacs, interest would be charged on Rs.4 lacs of cash (10lacs*50% = 5 lacs, cash in account = 1 lac)
Yes, so in your example, if I don’t want any interest charges, I can only use a margin of INR 2 lakh, right ?
Also, whats the rate of interest ?
Yep correct. interest will be at 0.05% per day.
Is there a new guideline by the exchanges which has made this change necessary ?
This rule has been prevalent forever.
Has Zerodha been posting cash to the exchanges so far on behalf of the clients ?
Yes, if it weren’t the client funds, the broker’s funds were getting deployed.
Any time frame for the mutual fund platform rollout ?
Its a little difficult to commit the time frame. We should be launching it out soon, sometime in Feb.
Hi Nitin,
Waiting for the invitation.
It is better to wait till Thursday for FNO expiry to arrive at the stars performance and subsequently to enlist them and publish the quants….just a suggestion.
Any tentative date of start the open trade ? How much time it will take to deliver the message to follower
We are still shortlisting the stars, we will let you know soon.
how to activate bracket order in pi…he giving me massage BO not enable for this a/c…
BO is active by default. Can you attach a screenshot of the error?
sure….but tommorw…at trading hours…..
Nithin & Team Zerodha this is simply brilliant and can’t be better than this.
Looking forward to follow greats and learn
Thanks again to bring this to us. Being a day trader willing to follow day traders
Great Initiative. Got to ensure couple of things.
1) Need to make sure there any no regulatory issues in displaying star’s buy/sell to followers?
2) Got to have agreement signed with stars for the above reason.
Hope we have at least four to five stars for each category…equity / FnO / commodity / Forex.
3) Have the stars been identified already? I am waiting to be contacted :), so if you say identification is over, I can concentrate on other things 🙂
1. Yep
2. Yep
3. 🙂 we haven’t still finalized.
What is the stratergy to introduce the stars. How often will a new star come in, if the existing ones dont fare better. It is better to start with many stars, than to introduce someone after two three months. Also the quant report of the star since becoming a star , is more important, than his/her past…just a suggestion
sir,
1.Early morning telephone lines are too busy so for intraday trader it is a big challenge .
we need to wait for longer duration, so please increase number of telephone lines .
2. Charges for telephonic order are too high please revise it , its more then brokerage which is not a good will gesture.
Ratan, have you tried kite.zerodha.com on your mobile browser? It works very well, you will not need to reach our call center. There is a huge overhead for us in terms of people employed to support call n trade desk, don’t think it is possible to reduce the Rs 20.
Thanks, Nithin.
We appreciate your passion to help trader community. Hope this initiative will benefit both stars and followers. Wish you all the best.
Regards
Purushottam
odd question :
do you agree that STT takes a toll on trading . It reduces the returns drastically especially if you are in the midst of covering up your losses in intraday trading.
Do you think this is a issue that has the traders attention .
Yep, I guess brokers and exchanges every year ask for a reduction to the FM before the budget.
When shall it be startred?
By end of this month.
Hi,
To follow a star do zerodha clients have to get on the invitation list?
Will the charge be deducted from our trading account?
As this opentrade is just starting, I would request the zerodha team to keep the fee minimal for the first month so that we can see if it is actually beneficial for the followers.
Thanks & Regards,
Rajat
The charge will have to paid online (won’t be deducted from trading account). If you are on the invitation list, you will be the first to be invited to be part of opentrade.
Hi Nithin/Zerodha team,
Congratulation and really a amazing Job you are doing.
Not sure if this question was asked earlier?
It would also be helpful if the stars can share on what bases they pick a particular trade/stock. They can share this at the end of the day if that is possible. This will be helpful for the followers in terms of learning.
Regards,
Vishal
I am interested Nitinji, also is it possible to add pitch fork and woodies cci on indicators, pls add these two indicators if possible.
Nithin,
I recently opened account with Zerodha and got it functional today. Pi and Kite are great tools.
Zerodha is new age entity like Uber. A software company in brokerage business.
Well done guys.
Aniruddha Kulkarni
Hi, I’m new trader at zerodha and have a query which still remains unanswered by your demo/sales team.
Plz explain how to put order using stop loss:
Assume stock is at 100.
– Place a sell order if the stock hits 105 or above (don’t want to place limit order as this might remain dormant)
– Place buy order if the stock hits 95 or below (again don’t want to place a limit order)
– Do i need to place a sl or limit sell order if the stock hits above a trigger point and vice versa for buy order
Thanks
– SL selling order with trigger price as 105 and limit price as whatever price u want the order to be sent
-SL buy order with trigger as 95 and limit as the price at which you want to send this order when trigger is hit.
Hi Nithin,
I am trying to learn trading from 5 years but haven’t been so close to success as in last few months with Zerodha, I am still making losses but slowly all is making sense to me..thanks for all these innovations and super Q and PI.
hi nitin , you are doing very good jobs, please increase some more leverage for bo,co,and mis orders as a result small traders will be able to trade mainly in nifty future trading
Hi Nitin,
Its good that you are working on the challenging conditions of a retail trader.But kindly make sure that your data is up to date and exactly matches with the candle sticks.I don’t know other traders have noticied it or not.
Let me give a real time example.
If we use any third party softwares like Ami Broker,Meta Stock,Investar India or our own free Google Finance,the Open,high,low and close of each candle at any given time frame of 1mn,3mn,5mn,daily should match with your data in PI or Kite.Unfortunately data mismatches between open,high,low and close.Kindly rectify it as it gives two different support/resistance in each terminal and creates a harrasment in taking decission to take a trade.
Check this: http://tradingqna.com/8843/technical-charts-google-finance-yahoo-finance-amibroker-match
Hi Nithin,
May i know when the Bracket orders facility will be available in Kite ?
Thanks,
Ashok
No date as such, but we will let you know soon.
Nitin Sir i just opened a account with zerodha, i feel very happy with brokerage and your services. All is good but i need to learn the art of trading through technicals. I ask Zerodha experts so many times to guide me through technical indicators and charts but they always say that you have to learn it yourself, Will you pls start some training through teamviewer. So that new traders like me can learn technicals as it is very difficult to understand technicals from theory it needs practical hands to explain. I put some trades on Expert Advisors but scrip goes the other way. Pls guide through expert advisors which strategy is best to use, as sometimes it give you sell signal but rest of the day never give buy signal but scrip goes up. How it happen.pls put some light.
hi NIthin ,
first of all its very good initiative for all loss making indian retail traders.
but i would like to know few things on it .
see , there are 100 ways of trading .like [ cash , fut , orption ] with [ intraday , positional ] with [ stock , index ] with [ with hedging , without ] … like that many …
so , if i take permutation of all above , there could be many ways to trading .
and every strategy involves with a particular amount . i might not have that much amount of money .
so , how do i know , which STAR is ideal for me ?
which Star’s trading pattern is similar to me ?
Regards
debjit
You will be able to analyze this through the star quant reports which will be made available to you.
Hi Nithin,
What will these reports show?
For example, if the star is a Nifty trader, can we see the average Nifty points gained per month? And the max gain, min gain (or loss) of points achieved for any month?
This will help decide better by leaving out quantities and the compounding effect of returns etc.
Thanks,
Ishwar.
You will see that soon.
Ok. And can we can claim subscription fees for this expert learning as an expense when filing IT returns?
Yep
Sms on mobile available for open trade?
Yes.
Hi Nithin,
If possible please add SL order in BO and CO like we buy shares using SL(MIS) normal order at exact price .if this happen we can take more advantage of bo and co and can trade with high quantity()
Hi Nitin- Opentrade is such a lovely innovation and an amazing idea. Thanks for giving us an access to the trading strategy of some of the stalwarts of intraday trading. The only issue i have is the lag in getting the alerts. I am also not getting any SMS alerts. Can anybody please look into it?
excellent Initiative Nitin sir…out of the box thinking implemented In a very simple way… just waiting for an equally good or one of the best mobile trading app….
nithin will you share star risk reward ratio which he used earlier .
Cant thank Zerodha enough for what they are doing. Definitely bringing a lot of change to people’s (like me) life… thank you team zerodha…
hi nitin
what about ipo
IPO currently isn’t online. We’re looking at ways in which we can offer you this service.
How long does it take to include IPOs into Zerodha….i don’t wish to open another account somewhere else just for buying IPO shares?
Starting January 1st, 2016, SEBI has made ASBA mandatory for all IPO’s. As a result it’s a little difficult to provide online IPO facility for brokers who are not banks.
If I follow X star and trade his 100% trades than I will become star too. I am sitting with the driver and I know who is driving but other people doesn’t know who is driving so it could happen that someone will sit besides me since i am not driving.
🙂 as I said, this is not going to be one of those etorro kind of a copy trade model. The objective is to educate.
Compound interest of only 20% per month can generate 10,000% end of the year. Consistency is the key in the long run.
Beginners can try to learn about risk control by analyzing every trade rather than just copy trade. Beginners waste thousands of money in useless seminar, open trade idea could be much better with small fee.
Thats why its name is open trade. not copy trade. Good thinking.
Although, open trade would be popular soon only when a consistent trader registered here.
Best Wishes to Team Zerodha.
HC sir, I did not understand your concept of 20% compounding/month. If you have the time, can you please explain it in detail. I am a new trader and these things are new to me. It would be of great help of you can explain this concept, many thanks! Rajesh
Hi rajesh,
U can go through the link to see how a consistent return about only 20% per month an add up to big return in 12 months. Put annual interest rate 20%, number of year 12.
http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
The key to success in the long run is consistency, to keep draw down (max % of loss from top) smaller. We don’t need to take big risk in a single trade. A consistent trader can easily protect profit and the capital if they don’t take big risk in a single trade. Someone can earn 200%-400% in 2-3 month then loose it all later. This happened to most of traders. But a good trader has risk control in place, there is 22 trading days in a month out of which 5-6 trending days. My personal opinion is a consistent day trader can have loosing day, loosing week but it is rare to loose a whole month.They try to minimize the draw down first by taking minimum risk, then capital automatically increases slowly by compounding. So look for consistency first(min draw down). Best Wishes..
Hi Nithin, Good initiative.
What about MM (position Sizing) ? This is heart of trading. Say I am following a trade of a star , then I should also know his MM. If he is betting 1% of his capital and some follower bets 20% then results will be opposite.
For the star, we should clearly know his type (day/swing), MM (%bet on each trade), past performance , % win & RR, consecutive losses & largest loss.
For a 60% wining system, its natural to have 12 loss making trades in a row, so MM has to be stressed than just entry & Exit. This will save many of them ….
You will be able to see normalized positions (weight-age) of every star. What % of the capital, currently not possible, but if opentrade works well, yeah definitely in the future.
+1 for this feature from my side too.
If the trading size in terms of % of capital is also known for the trade, then we can really learn about position sizing that the star uses, as well as how he employs pyramiding his position or scale-in, scale-out (if at all). Absolute quantities or amounts are of course not required, just % of trading capital is enough.
How does it works? Open Trade.in is all blank.
Currently the site is still not live, you can get on the invite list by leaving your email ID.
Hi Nithin,
Rather than choosing a set of star traders, All the Zerodha Trading challenge winners should by default qualify as star traders and list them all whoever are willing to participate, and over a period of time a leadership board with automatically emerge…
Rather than selecting stars.. zerodha should define parameters to build the leadership board.. let the leadership board be formed in a nature way… Dont give anyone undue first movers advantage.. give all zerodha challenge winner A Star status.
There are trillion of stars in our Universe, makes sense to have 10000s of stars in zerodha’s opentrade skies too.. 🙂
Regards,
Mahesh Patil
Mahesh, you have too many stars, it will dilute the value of the good ones. If opentrade becomes popular, it will push other average performers to try to do much better as well.
Hi Nithin,
Just an idea to improve the Open Trade as a day trader:-
Without showing quantity of open positions/holdings, you can show the % of total margin used & update it with every trade, u can use a pie chart too. Then it would be more helpful to learners/followers and give inside info about money management.
Knowing the % of free money in hand to compensate the MTM loss or to add position is the key to money management. By margin used Trader can easily know an aggressive position too. But you must charge little extra for this, as value added service(money management) for showing % of capital used.
Happy Trading and Best Wishes
H.C.
All positions will be normalized. So at any time you would get to know what % weight-age every open position has.
Great news for traders like me having time & money constraints.
Nitin sir suppose I know a successful trader Mr X on having Zerodha account.
He is also a Zerodha winner.If his name will not be publish how can I identify that person ? In sprite of all these it’s great step.
It is important that stars get privacy and no additional overhead. People typically under-perform when in pressure.
Your idea is great boss. But my suggestion is if u can make another option like copy opentrades.your brand will be the no 1 in the indian market as well as international,bcoz in meta trader copy EA option is available but still in indian market their is no broker providing same service. I think if you will think about this the more HNI outside india will think about your platform.
Shakti, there is a regulatory challenge in challenge in India. Doing it is quite simple.
Nithin,
How much time it would take from the time a star placed trade to me getting sms/ email? I know it depends on coverage/ connectivity etc. But what is expected latency in best case?
Thanks.
We are testing it out, we will give you numbers soon.
I work on testing too. Wish I could be part of it 🙂 🙂
all is going fine.. but we are Waiting for BSE on kite and for Kite mobile app.
this is awesome when will this start is there a date
Open Trade Platform should be very good initiative. But you should start a some trading classes for Trader because when we should see the market from outside it looks very Better after trading make financial losses.
Hi Nitin,
Would you be ranking the stars based on their track record?
No.
Great idea.
is it compulsory to get paid call only ? if somebody(star/profitable trader) wants to share their ideas and tips without any charges then zerodha charge anything here ?
Milan, there is no concept of ideas and tips. Whenever a star trades, his trade updates can be seen by the followers.
sir
what will be the consequences if a star performer gave a tip and the share wont go in that direction …. all the followers will be doomed
hi nithin,
in kite tgere is no nifty an sensex indicators in extreme top right as like in pi …. if possible please introduce tge indiactors so that we could judge the upside or downside
Swapnik, followers will get trade updates. As I said earlier it an education exercise, this is for learning from the stars on how they trade.
Very nice concept…keep it up.
When Kite is going to support BSE shares
Hi,
As a new trader, just want to know how to trade.. Hope this will be very much helpful many new traders like me. Kindly post the fees and other details……. Thanks in advance.
Hi Nithin, open trade is not good idea. One should analyse market on their own, and build their own strategies. Jst blindly following profitable traders won’t work good. No successful trader likes to disclose his trades to other traders. I’m successful trader of zerodha
It’s a very good idea.Traders having bigger heart will definitely tends to help others.There are so many peoples having time & money constraints. Peoples are there who lost lots of money in trading.They wants to trade but not having sufficient time or money or knowledge. If some big hearted successful traders will help these traders & will become there Guru,what is the problem???
I recently switched over from hdfc to Zeroda and find a world of difference. Indeed a great place to be and look forward to many further innovations from the team.
hello sir, me a toddler in Zerodha , want to become Pirhana . Open trade will be extremely
benefited .
Thanks
hi Nitin,
its an excellent initiative. Can we get a trial period for each of the star traders subscription, at a nominal cost of original subscription fees , or free if possible.
This is let us make our mind about following which star traders.
Thanks
harsha
We will share all pricing details soon Harsha.
In continuation of my message above,
The Star traders will have loss making months and profitable months. As happens with trading, the followers will tend to ditch the Stars they follow after a loss making month, without knowing the overall picture of the trader and then may lose out on the profitable months that would eventually follow. They would tend to jump from one star to other and would end up with trading losses as well as the fees they pay. A follower needs to understand the bigger picture, the philosophy the star.
Traders is a group of jumpy people, isn’t it? I should know, because I too have gone through that phase myself.
Hi Nitin,
Super thinking. First making Nil brokerage on delivery trades and now this knowledge following..absolute super..
You are doing things which full service (meaning expensive) brokerage houses are not even thinking at this stage..
cheers
Also, are you planning to bring Mutual funds on board?
Yep, we are testing it out, the platform is ready.
Are mutual funds only going to be available for people with Zerodha demat or also the ones with ILFS demat accts ?
IT will be available for ILFS demats as well.
“Nithin Kamath
The quantities will not be shown directly. And like I said, the idea is to make this a learning/education initiative. The best way to learn driving is by sitting next to a good driver.”
I can understand, the strategy of a trader will not be made public. But a follower needs to know the rules and the rationale the trader follows for her/his strategy. Will those be disclosed to the follower?
I want to join Opentrade as a Star trader (have emailed to you). If at all I am shortlisted, only following my trades blindly will not do the followers any good. They will need to understand the rules and thinking I apply to my strategy.
Also, I will appeal to you, don’t just go with the profitability of trader. Get to know if the trader has any system in work, what does the trader expects from the system, what should the followers expect from the trader, the profitability parameters of the system etc.
Re posting In Case Nitin Anna Missed my earlier post,..sorry to repeat.
1) for alert other than SMS and email … I think a pop up in KITE or PI itself will do this fastest way!
2) The Star track record Profile should be comprehensive and if possible in one page like myfxbook. Please see the images attached here.
3)Any Star should have zerodha rating as well as follower rating depending upon his performance.
4) Any Zerodha 60 days challenge winner trader should be able to claim Star or atleast Winner position., which should enable him to start his follower business, this way he will be more focused on making right decisions to keep his herd with him.
5) There should be separate options Follow a star , or follow a zerodha 60 day winner. Zerodha may share its 10% revenue generated with zerodha 60 day winner if he gets some following and this way if more brokerage is generated. This is just like zerodha referral scheme. This way if anybody decided to follow a winner he may not have to Pay the subscription charges. Due to brokerage sharing the charges are taken care of themselves. But If one follows to many winners there may be issue with how and which winner will be paid. So for that I suggest give an option to let the user follow one and only one winner on any given day and thats all.
regards,
🙂 yep vishy, we will try to incorporate as much as possible.
Zerodha
Doing great help to traders.
I like kite because of its simplicity.
It will be wonderful if you can provide buy and sell options on the charts in kite.
I know it is available in Pi , however Kite is very simple and elegant.
nice initiative…congrats.
(1) when the trades et al open up for the public (customers of zerodha) the full p&l etc need be private.
(2) the market is made of “Bull” and “Bear” struggles for supremacy. Since the “Stars” positions/holdings/trades is to be made open, need to take care that the clients of zerodha (followers) dont go contra trade to force any opposite move of the underlying.
My view only.
The quantities will not be shown directly. And like I said, the idea is to make this a learning/education initiative. The best way to learn driving is by sitting next to a good driver.
You guys are Rockstars! really innovative really disruptive!
great news to investors of zerodha….i deeply appreciate the step,,,,ur kite platform was superb…recently pending order icon was missing…it was there before u added market watch….plzzz check it. In PI if zerodha could provide 5/15/30/1hr duration menu in a single window of the chart like we do in kite…it will be very helpful…rest of the thing zerodha rocks…
I love this concept. Plus making their open positions available is a stamp of Transparency and Trust. Its an awesome concept Nithin. Waiting for it to go live.
While all traders are jung ho on this, I dont believe in this approach for the simple reason the more number of traders copying a trader means that the trade wont work, the market is irrational and market moves exactly opposite of what the herd thinks and the star performer will no longer become a star performer. This also shows Zerodha has an internal insight into where the market is headed because it can track positions of various star traders who are profitable and can either front run their own accounts or take leveraged positions against the herd so that they are profitable. As a profitable trader I am aware of all the tactics used by brokerages to stay float…. and neither I want them peeking into what I am doing nor I want them to publish my reports…. This is a clear signal to profitable traders to stay away from Zerodha….. else over a period of time, you will end up making no money….
Like I have said earlier, it is more a learning tool that we are building and not really a copy trade thing that everyone is trying to make it about. Every broker has insights on what his clients trade. As I have told earlier, only people who want to be part of it should email us back.
may i know to what extend you analyze client’s data only profit & loss ratio or A-Z like chart layout time frame watch list etc.,,
Only P&L
Dear Anonymous,
First of all, By posting this as anonymous, you make your post less credible. Your views and perspective are welcome and we respect it. But i beg to differ for a couple of reasons:
1) You assume that traders will follow this trade blindly. While this should ideally happen for their own benefit, there are some key human elements such as emotions, individual personality that play the biggest role in trading…..My poison can be your medicine in trading. Plus the number of people following are not likely to build up enough volume to be able to move markets or trouble market makers.
2) All brokerages will automatically have the ability to slice and dice your data anyway they want. It is just a matter of running a few reports. So it is not unique here…..If you want that kind of protection, you will probably need to be a direct member of the exchange….Also trading is such a random activity that 2 star traders may be in completely opposite positions and still making money based on the strategies they deploy…..There are too many variables for a brokerage house to depend on star traders for front running or leveraging. The way i see it, this is a risk that you would carry but it is a risk that i wouldnt bother about…..My positions are highly insignificant compared to the market (Though i dream that someday i could move markets:)) ….
I think this is a great innovative idea from Zerodha……Yes, it is a good start and ofcourse based on many suggestions above, it will have room for improvement. So full marks there…….
Is opentrader facility available only to Zerodha customers or any trader?
Yes.
Three questions Sir.
1. Will we know before subscribing what order type the star uses? Like he uses SL-M, Sl-L etc?
2. Can we know which scrips the star trades before subscribing? If not specific scrips, atleast letting us know whether he is a nifty trader or other scrips trader will help.
3. How many stars can we expect(approx)?
Thanks!
1. No
2. Yes, you will be able to see contract wise quant report of the star.
3. Depends, we will get to know in 10 days.
AS WE ALL KNOW THAT YOU (NITHIN SIR) IS THE BEST TRADER IN THE ZERODHA FAMILY.
WE CAN FOLLOW YOU OR NOT…………….
I CAN ALSO EARN PROFIT………
No there is lot of demo account trader.here only real money so confident to trade.
Very good idea. I am using kite and it is good but one thing please add bse stocks for trading
There is a system, in Indian trading platform to give a clue , where the markets are heading, and which is sector is lacking (presently BANKING stocks, INFRA stocks)and which one flourishing( presently GAS stocks) , There is /was nothing wrong , on part of brokerage house either full fledged or discount brokerage house , to suggest ALL CLIENTS , which sector to Go for or avoid.. this should not be called as suggestions from TIPSTERS.
though opentrade platform that zerodha , is a WELCOME IDEA , but make it COMPLIMENTARY from team Zerodha or NK…..
Indian zulu trade 🙂
Hi nithin sir, can you pls integrate bse stocks with kite..I cant use pi during office hrs…also, too many tools to learn and passwords to remember..pls allow us to trade bse stocks in kite…
Yes very soon.
It is a good idea ,if the Stars are marked as Equity Intra-day Star,F&O series Star,and Option series star etc.
So the traders belong to that catagory can choose those stars.Every star will have certain rules of trading.
Traders have to follow those rules strictly with sufficient margin.Otherwise traders cannot follow the trades.Traders must be ready to take long -short positions when it necessary without any doubt,as per direction of selected stars.Traders cannot quit the position in between the trades.If it do so it will be at their own risk.
Excellent Nithin sir, you have been an excellent adviser about the market, really appreciate these kind of thinking, Thank you sooo much, this will definitely help us a lot to understand the core of Market…
Dear Sir,
The concept of following star trader is very good. However, I feel, mostly the trades will be in fno segment where the gains as well losses are more. Besides, one needs,substantial fund in his account. Will there be intraday trades in equity segment?
Nevertheless, good initiative by you for a loosing trader like me.
sir
please update all shortcut keys of PI
some tools are tricky in Pi
it will be great for all traders
Check this http://zerodha.com/z-connect/tradezerodha/pi-tradezerodha/shortcut-keys-pi
Superb idea Nithin ji. Is it available for commodities also? Crude oil or Silver?
As a office goer, I need a star commodity trader who trade in the evening. pls arrange someone.
yes & yes
Nice concept ….Keep go a head .
Sir, we expect a better user friendly and improved app of zerodha trading platform…The present zerodha android version app is not so user friendly, had lot of hurdles to put an order in that. And also like other brokers if zerodha starts margin funding for a small interest it would be nice to small investors like me.
on its way, both of them
If you disclose real time “Trading Activity”, this may impact strategy of Trader.
Additionally, If there are huge Followers, then they may trade identical to their Star.
This will mislead whole game of actual star.
Any thoughts ?
The essential reason for running opentrade is to be a learning tool. Also we are limiting all the activity around liquid scrips, so shouldn’t really matter.
Very good initiative
Great initiative.. How would you categorize the stars.. Would the stars be identified separately like option writers, traders in nifty futures , stock options , intraday traders etc..
Because each subscriber has a trading strategy. They would like to follow the stars who match their trading strategy.
Kudos to you guys!! Superb thinking.
first improve your kite software
Hi Nithin,
Awesome JOB & Too Many Thanks to You and to the Person who has Thought this Idea , For me You and your Team Are the Real Stars in True Sense . Thanks once Again Kudos !!!!
Zerodha really a innovative company and i like it. I like its logical approach as well as helping nature for public. Long live Nitin ji
Nitin there may be time lag when we got SMS or mail there will be differ in the rate at which star enter or not and also the stoploss if he already nputed so that one can enter with risk involved or not and can you please reveal whether it is bracket mis or open order?
We will try to deliver it the fastest way. No, brackets, MIS, etc can’t be revealed.
1) other than SMS and email … I think a pop up in KITE or PI itself will do this fastest way!
2) The Star track record Profile should be comprehensive and if possible in one page like myfxbook. Please see the images attached here.
3)Any Star should have zerodha rating as well as follower rating depending upon his performance.
4) Any Zerodha 60 days challenge winner trader should be able to claim Star or atleast Winner position., which should enable him to start his follower business, this way he will be more focused on making right decisions to keep his herd with him.
5) There should be separate options Follow a star , or follow a zerodha 60 day winner. Zerodha may share its 10% revenue generated with zerodha 60 day winner if he gets some following and this way if more brokerage is generated. This is just like zerodha referral scheme. This way if anybody decided to follow a winner he may not have to Pay the subscription charges. Due to brokerage sharing the charges are taken care of themselves. But If one follows to many winners there may be issue with how and which winner will be paid. So for that I suggest give an option to let the user follow one and only one winner on any given day and thats all.
regards,
Can we choose another star in middle
Yes
Hi Nithin,
Would this be application to Equlity trading also
THank
Yes
Can anyone please tell me how to follow this or any other topic of Z-connect by email, so that I get updates in email for any comments posted. Sorry to ask this in this thread, but I am unable to keep a track of the discussions , it will be a great help for me if I can get updates through emails.
Thanks
Hi nithin
What i understood is…we follow our star trader and we get to know which script he is buying selling, we should not ask why,obviously… That part we have to understand by the time…is it correct..
What is time laps between order excution and sms..will it be instant as required in intraday
Good work…keep it up
Sir,please add trade alert in kite
Thanks in advance
Hi Nithin,
Great innovative initiative.
Is there a way that you can enable at least semi automated trades such that when a star takes a trade the subscriber gets a pop up screen on Pi where by clicking ok, the trade gets executed?
Also is the fees for subscription a fixed amount irrespective of the performance of the star?
Semi-auto, hmm we might doo something.
Yeah fixed amount per star per month irrespective of how he performs. But you can ditch the star at the end of every month, so he has the onus to perform.
i can not use zerodha pie(window software), because of third party software restricted in pc. i use only kite.
so opentrade feature will be included in kite too ?
Opentrade is a separate website, opentrade.in
your quant charts are pathetic. have provided a few snapshots to your support team, but they are not interested in fixing it. 🙁
Can you email it to [email protected]. Will get this checked.
NIce work, hope small traders will be benefited.
Thanks a lot. zerodha only think about trader’s life, you are really great.
Many Congrats to Zerodha for this initiative …
Following requests are still pending, I wish they will be fulfilled soon…
1) Bracket order in commodities in Kite and PI
2) Kite on Android Mobile
3) Draw Down Control setting at least for intraday (MIS) trade. This way position will be auto squared off if it goes below certain “User Set” draw down level , which may be some fixed amount …say 500 Rs. or which may be % of capital say 1 or 2% draw down limit. This will enforce loss control discipline for loser like me.
4) Easy(using keyboard) or Auto Scrip shift in Kite Charts. Manually clicking is Really cumbersome.
5) Price voice alert in Kite — If scrips crosses above or below set value, user gets a voice/popup notification.
6) Paper trade on Charts facility. There should be a Big historical database of many years and a facility for a trader to practice mock trading with some Virtual Cash. This way trader can sharpen his skills himself.
7) Some Programming language to create own indicators/system for kite.
warm regards,
:), yep, all on our list of things to do.
Hi Nithin,
If possible please add SL order in BO and CO like we buy shares using SL(MIS) normal order at exact price .if this happen we can take more advantage of bo and co and can trade with high quantity()
Great initiative !!!
Would be great if you can share the subscription fee ?? Atleast aproximately.
Will it be based on the stars rating?? And it varies from one star to another???
Please clarify. THANKS
We are thinking of around Rs 500 per star per month.
Reasonable
I’m newcomer to trading and I Like zerodha..Nitin…if you provide kite mobile app..make sure it is available for BlackBerry also..my personal request..
Dear Nithin
My sleepless nights start today. Great idea. Eagerly waiting for the event. Thanks..
NIthin sir, Please update Zerodha Mobile for Windows Phone users. Its taking more time to load and to use. If good version provided, Zerodha is the only mobile app going to rock compared with all other brokerage firms.
Suresh, Kite android will be out soon followed by IOS. Windows, hmm.. it might take time.
Very useful, Thank you sir
how one will get access to this new initiative?
You can get on the invite list by visiting opentrade.in, we will let you know once the platform is live.
Wow….u guys just nailed it….Excellent Job !!!
Dear Nitin ,
You are rock start & super duper mega star zerodha & team rocks i am so proud of you
Very good move.I’m a big fan of zerodha.it’s a win win situation for every one.
Amazing,the things you guys at Zerodha think up. Terrific idea !
Is it possible to share the strategy of the star we intend to follow?? Only then its good..
Strategy is something the Star will not share.
Can I expect something like PAMM accounts in future??
Hmm.. the regulations around it are grey, so maybe not until we have clarity.
Wow, what an idea Sirjee. Long live Zerodha.
Who it work in opentrade pl call 09862649698
Hi,
How about traders who are profitable with other brokers, can they also apply and switch to Zerodha?
For now star can be only traders with Zerodha. Btw, you can send an email to [email protected] with tradebook, contract note etc. We could probably do something.
Thanks
Zerodha is simply superb.. it’s a great innovative idea to give something to the customers when most of others take everything from them. thanks for helping others to grow.. we are with you Nithin Bhai !!!
Amazed to hear the new idea Nithin ! Will all the guys having an account with Zerodha be allowed to join OPENTRADE ? If the answer is YES, it’s awesome 🙂
Yes. 🙂
When are good till cancelled orders coming on kite?
On our list, will take some time.
Hello
There is one option in icicidirect called click to gain n click to invest where they provide intraday, weekly n month short or long tips (85% accurate) for free. I think zerodha should come up with such options too…
Bhavesh, I guess we both know this that there is nothing called 85% accurate tips. 🙂 , if they were, we both would definitely not be getting it – especially for free.
Dear Nithin,
Very good initiative..
Pls prepare a list of FAQs for the STAR initiative & share.. Lot of clarity is still require how it will be executed..
Many Thanks
Great idea. Would like to take advantage of this whenever you launch.
How is a profitable trader identified? I might be in a notional loss now but I may be invested in fundamentally good stocks which will go up soon, say based on results?
Profitability in terms of booked profits.
I have over traded in options and lost lots of money, currently in net loss of huge amount taken over loans. I don’t even have capital to start with.
My only mistake, over trading in options.
I can share positional equity trades which will be profitable for cash delivery based investors. I see a hope that this Income can generate funds for me to raise capital. Is this possible? I am not a paid tip provider or financial adviser in personal life, but I have good sources in non-f&o related stocks.
Wow… Now that’s awesome.. Great thought Nithin.. Just one more request.. Please consider launch of kite as mobile app as soon as possible.. Current app is really not worth it..
New year and a new great idea too.
That is good idea.
Couple of questions
1. How do the followers know where to exit. Will there be some kind of alert? Watching all the time is not feasible.i guess, Sl orders will not be revealed.
2. How will stars know who r following. Should they chat with the followers.
3. How will one learn the ideas behind the trades. I guess no star will disclose his idea.
1. You will get to know as soon as the star has exited
2. We don’t want any interaction between star and followers. Will put unnecessary pressure on the stars.
3. If you keep following the star, I think u will start getting a hang on what they are doing very soon.
Good job ZERODHA again.
That is super news
superb !!! excellent … keep innovating … I am very sure that u will some day bring some excellent such innovative plan for sub brokers also….
e best in the business
Nitin ,
great initiative to help small individuals like me .
Would it be possible to categorize star traders in Open trade based on scripts for example i would like to follow a star trader in Reliance and match my compare my trading accordingly.
Is that the way its going to be ?
a)I also read one of your comments on the next release of Pi . Please consider the volume bars in color. It will make life easy for trading on Pi.
b) Lock position for horizontal lines so that they dont shift on scrolling.
Honestly i like to share here that indicators in charts are a industry by itself, The more you use them the crazier you will get. Stay simple & watch the screen .
Quant contract wise report will be shared of the stars, so yeah you will be able to see which are the star traders fav contracts. We will not categorize base them on that though.
Mr.Nithin it is a very great idea and so far no one got this type of idea. We have to wait and see how it works. any how I want to try this method.
It is very good idea, but how one chose a star from the list of stars to follow him , how can we judge who is the best to follow so that we can make more profit and also the star make more money for his afford…
WE will share performance reports with you to choose from. You will also be able to see their favorite contracts and all. More number of followers would mean, Star earning more.
How this will be helful for intraday
There are profitable intraday traders with us. You will be able to learn how they stay in profit.
instead of asking to follow other traders why don’t you make effort to bring them together to conduct few sessions and provide training so that any one can learn and trade.
we want to learn fishing don’t want fish
Like I have said in the post earlier, I think the best way to learn driving is by sitting next to a good driver and experience what he is doing.
Nitin, you are absolutely right. will the stars share the details(later or end of the day). why they selected the script for buy and what the reason for exist so and so. if they explain really will help for learning
Sir, How to download kite on laptop any link u r giving I have already downloaded pi. Please guide Thanking you
Kite is a web application, just login to kite.zerodha.com on your web browser. This http://zerodha.com/z-connect/tradezerodha/kite/kite-introduction explains how to use it.
how the star will be paid.. on what basis??
if he gas the followers of 10 members..
then how he will earn..
per person how much will be paid??
weather it will be paid on profit percentage or fixed??
How much exact number will be shared with the stars directly, but majority share will go to the star. It won’t be based on profit percentage and all.
Thanks Nithin sir,It is great idea,
This is something out of the box idea, great going zerodha, super. I made a right choice by trading with you guys. Hurray.
This is the concept prevailing in developed markets, was waiting for a long time to get implemented in Indian markets. Glad that Zerodha is introducing it.
I have already following the similar concept, subscribers who are following me, instead of sending SMS/email alerts to subscribers, the system will place automatic orders on all customers account immediately. This is made possible using Symphony Fintech Algo execution platform.
Can Zerodha implement the feature of auto trades on subscribers account? If possible,it would be great, then I can move all my existing customers to Zerodha platform from Composite Edge.
Thanks,
Karan, technically it is very easily possible. The issues is with regulations, doesn’t allow it.
Nitin
There is no basket order yet in pie .. I have been told that it will be added from last few months , unfortunately its still not added .
I need this option soon
Now i dont even feel opening nest after using pie .
Kindly work on this
Let me follow up with the team.
Hi Nithin,
Superb !! . What will be the subscription fee ?
Will share with you all soon.
Our’s Zerodha Mobile software is not good and its very slow for windows phone..its take 5 mint to trading plz update this ….. Like kotak security…….
Zerodha
Sir this is good initiative but as you told that 90% of your clients have less then 1L their acc. So we all are small treaders. But it is very unfortunate that from 1 Dec. 2015 Zerodha have changed policy to provide colletral margin on pledging equity holding now minimum equity value must be above 50K to get margin for trading. So plz change this rule and provide us flexibility to pledge any value equity to get margin for treading as small invester don’t invest 50K in single equity !!
So please review your policy as earlier so that we can tread.
Regards,
Vijay
Yes vijay, you will get some good news on the pledging side very soon.
Thank you so much Sir waiting for good news on shae pledging.
Add me
Sir we want better. Trading software to trade. for windows Phone users..plz
pl make an app for ios too
Sir, when is the Kite mobile app coming up?
Best innovative idea till now. I’ve more than 1lk rs last year. This is the best chance for me to start with new hope.
They should not charge for atleast one month so that people can judge them and decide wether to subscribe him or not.
Thank you nithin sir.
“more than 90% of our traders have less than Rs 1lk in their account” one reason could be safety of the money.
Please refer: http://insiderview.comparebrokerages.in/orion-broking-bankruptcy-lesson-to-learn/
Can you think of pioneering transparency of a brokerage firm on daily basis (on the margins provided etc..) ?
Hmm.. don’t know if this is possible.
when you are going to launch of Kite android(Mobile)
Soon, we are testing it.
Can we see mobile version of Kite?
Mind blowing concept Nithin! Cant wait to see it in action! All the best
HELLO NITIN sir
please if possible add super trends analytical program in ur pi platform it will b of grt use.. thank u
Innovative way thanks nithin
Hi Nithin,
Awesome Initiative, Zerodha Proves Excellence & its just a Start…i Hope many more to come in future.
One suggestion of mine, In Pi Charts “Fibonacci Retracement” is there,you guys should add “Fibonacci Extension” tool as well in Pi, it will help Traders more.
Keep it up..!
Yep, after the next release of Pi which is planned in a few days, we will start working on adding new indicators and tools.
Sir,This opentrade u mean suppose Mr.X has bought shares in say for eg Ashok Leyland n is sure of going up ,will he give us target where to exit or we have to just follow wherever he exits v too should exit please let me know Mr. Nitin. Thank you
Hi Nitin, Could you give up a heads up as to what are the new indicators and tools your will be adding ?
On Pi for now no new indicators. We are making those fixes like changing time frame from within the chart and all of that.
Pi tools
1. Fibonacci extensions, ray and channel tool would be much appreciated.
2. In Fibonacci extensions and retracements it would be nice to also have an option for user defined Fibonacci percentages.
3. By using a short key to snap to candle/bar High and Low while using tools would be a really helpful feature to have.
sir, when u introduce next updated pi please add andrews pitch fork (apf) and wooddies cci indicator sir please its my humble request.
Also people who started following star trades if its not against the rule can u all share ur experience, means able to catch star traders trade, how profitable it is compare to ur earlier trade. coz I to want to start following…….
regards
What about Trend Blaster Indicator, would it also be added in new version of Pi, Also when the new version of Pi is scheduled to be released. We are eagerly awaiting new version of Pi & Mobile version of Kite.
New release of Pi maybe next week, but this one won’t have new indicators as such. You will be able to switch timeframes from within the chart.
I cant get answer for my questions.
1. When Kite Android will be released.
2. When Pi will get Trend Blaster Indicator along with other indicators.
1. Next week we are doing a private alpha release. You should get it very soon.
2. We have a new release planned for Pi next week, after this release we will start working on adding new indicators.
Dear Nitin, when the next week is coming, I could be able to trade only if Kite along with updated Pi be available as Pi current version is unstable, sometimes I am unable to login for long.
There is no issue in Pi in this version also, the new version has new features. Can you send an email to [email protected] with your client ID.
Zerodha promises are quite slow.
1) Kite Mobile is still pending and no feedback till date.
2) Pi updated version still not available despite several times next week promised.
1. Can you send an email to [email protected] asking for beta access.
2. This will happen this week most likely.
Hi Nithin,
I am new to zerodha and interested in pi back testing. Is there any training i can attend or one webex sessions with somebody from zerodha to understand the testing thoroughly.
Aljo
Teaching to code strategies is not very easy, I guess you will have to learn this on your own. But check this link on expert advisor, here is sample codes, you can get the user manual from within Pi, and ask all your coding related questions here.
ONE question how will trader get benefited by sharing his trades are you guys giving extra money to profitable traders who are sharing their ideas
Yes of course. There will be a fees to follow the stars, and most of this money will be shared with the star.
Sir,This opentrade u mean suppose Mr.X has bought shares in say for eg Ashok Leyland n is sure of going up ,will he give us target where to exit or we have to just follow wherever he exits v too should exit please let me know Mr. Nitin. Thank you
Ashok, you will get to know when the person exited. He will not give target and all of that.
Btw, are you the same Ashok Kukreja, who was our client in the reliance money days. IF you are, it has been a long time, how are you doing? 🙂
Hi Mr. Nitin, Good Evening yes I am the same Ashok Kukreja who was with u in Reliance money. Bcoz of u I have joined Zerodha. Long time, you got married good. I am in the same house plz drop in with your wife we will welcome u warmly. God bless u n ur family. Thanking you, looking forward to meet u .yours Ashok Kukreja
Good afternoon Mr. Nitin, hope u had received my message earlier, sent few days back. I am same Ashok Kukreja, how r u ?. Nitin Sir u have done many things for your clients guided made it easier etc etc. One suggestion selling Equities in carry forward cnc style how much investments that much stock ( on sell) v can buy puts but one thing they keep losing premium n the other is the size of lot is very big. So as u have introduced many good things y can consider this just suggestions. Yours Ashok Kukreja
Hi Ashok, you should come to our office sometime. We are very close to where we had the reliance money office. Carrying forward equity shorts are not allowed in India, until the regulators put a mechanism we can’t do it.
I am small investor with portfolio of ₹10000. Hardly earn 18 000 pm
How much fee would be charged
If affordable, I would be able to pay
If with 10,000 you can earn Rs 18000 a month, you should enlist as a star on the platform. I am sure there will be many who will pay to follow you.
I think he means that he has a salary of 18k per month.
Hello please give me tips and I will give you some return
sir u r making 18000, with 10000? gr8888.
sg rao
9406081599
All the best for the new venture. Wonder how Zerodha comes up with such path breaking innovative ideas. First zero brokerage and now this. All the best.
Dear Nithin
Requires your intervention in bringing all the BSE scripts in KITE Platform. I am asking this to the support team for quite some time but they always say something which is not pleasing me at all.
Also the new tool open trade is going to rock the market sooner than later, as a fundamental investor I would also like to wet my hands in trading as well with help of tradings stars. Kudos
Thanks
Ram, BSE is on its way. Thanks
Nithin Sir. Super. I am proud of that i am the part of Zerodha (Associate Partner)
Invite
Great!…way…to go forward…Nitin
I like this idea…..keep adding such new ideas
Think of allowing the star trader alert as semi automated trade on the follower’s Pi terminal, with follower’s position size. I assume you will add drawdown measurement of each star and some way of depicting risk/reward/drawdown ratio of each star’s trade/trades/portfolio
Nithin,
very interesting and highly innovative, Kudos!!
Thanks!!
Zerodha ….
More than a Brokerage House….
Best place to trade with……
Feeling Proud.. to be with Zerodha….
Good one. It is similar to copy trade or social trading with forex brokers. This kind of trading is provided by most of the forex brokers. In Indian stock market, it is first of its kind from Zerodha.
Regards
Ramana murthy
Awesome initiative. one of its kind. and Win-Win situation for all…..
zerodha team !!
you are making unbelieveable moves.. many innovative weapons !!!
its pleasure to be a part of zerodha family where you teach people how to get knowledge to trade rather than to give tips. i congratulate all of you for this great ethics !
thanks ZERODHA team !!!
My wish has been fulfilled. Thanks a lot Nithin!
Super..bbbb…. always invention of NEW things.. Zerodha
super idea…i think many will be benefited….
yes how is going boy…
What do you mean by normalizing ? I am sure no trader would want his open positions/holdings to be made public
In the first release we wont’ be showing quantity of open positions/holdings. So if I am holding Nifty futures, it will just say Buy Nifty future (will not show any quantity). Only if the star trader is open to showing his positions to the public can become a star on the platform.
Great initiative – However when it comes to F&O hardly anyone who is successful trades naked positions, so with hedging knowing quantities involved is supremely important. One way of hiding actual quantity but still giving the followers the complete picture is to show multiples. So if a star has the following trade setup
FEB NIFTY 7500 PE – BUY – 15000
FEB NIFTY FUTURES – BUY – 7500
FEB NIFTY 7900 CE – SELL – 7500
This can be shown as
FEB NIFTY 7500 PE – BUY – 2X
FEB NIFTY FUTURES – BUY – 1X
FEB NIFTY 7900 CE – SELL – 1X
This will give the follower an idea of the trade setup without revealing actual quantity.
In my opinion a trade setup isn’t complete without revealing the quantities.
Cheers,
Ravi.
Yes Ravi, what you just did was normalization. We will do it soon.
Hi Nitin
Will you pls make it possible to buy one credit at a time so that small trader can buy and follow their star.Moreover star who are using algo trading may not be included as its not possible for small traders to take positions in that high frequency manner.
There is no star on this list who does algo trading.
Great initiative! However, as far as I can see, you still haven’t implemented normalization, have you? Can you please share your release plan? Without some hint of quantity, it is not possible to follow a star trader. Thanks a lot in advance.
Best,
Arjun
PS: I am already a user and I have used 5 credits. However, the ROI is zero since you do not publish quantitities
Also, the portfolio can not been seen for star traders as it just shown ‘loading’ wheel rotating.
Checking on the portfolio issue. It should show with a % weightage. The idea with the platform was to be more educative than anything else. Showing quantity etc, might lead to complications.
Thanks, the portfolios are fixed!!
please let us know the amount quired
Amount for? About pricing, we will let you know soon.
ys agree,
Nithin kamath can you provide free quoting of all nse bse mcx scrips on a small platform like the metatrader app there is no need for you guys to build a new app dedicated to that kite is good but every time I have to login and provide passwords even if it is to just check the markets the money control app is good but doesnt allow for technical analysis the metatrader app is super awesome and quick for low bandwidth conn (india come on) but so for a forex broker named gci only offers 10 nse scrips I have to make do with that.There is a facility for you other brokers to add there acccount in metatrader you guys can provide a special password for all your account holders to access market data via metatrader I am a zerodha trader
Akhil, we can’t give live data feeds on third party platforms because of exchange regulations. We are about to launch Kite mobile, should solve your problem.
Dear Sir, only one thing in which zerodha is BEHIND is mobile app. I want an app like metatrader or one which can execute orders faster.
Very soon.
hello sir ,
when will open trade start its operation in our platform, can i join and follow the good trader (star). is it in near future
Yes, some list bit of approval process left.
Nitin sir:- one thing i would like to change in zerodha is , policy of pledging the shares for margin…as of now, per script value should be 50k for pledging which is impossible for small trades…plz do something on this…
You will have good news on this very soon.
ok thanks please make an app like metatrader ,low data requirement , quick startup , atleast all the indicators in metatrader 4, no req of authentication for position monitoring and analysis , there is no requirement for trading via the app kite is enough for than purpose.
forgive me if i am wrong but cant you guys associate with the metatrader company there site has an option for this
No metatrader currently can’t be used with Indian exchanges.
This is very good initiative and very much innovative.
Wow…
A greart idea again. Kudos Nithin.
Team Zerodha believes in innovation approach ..and here is another example of it.
Brilliant work..
God Bless you Nithin.
Where every broker working here just for making money by charging high or providing tips asking customers to trade very often I have seen traditional brokers trading in customer’s accounts, Zerodha is the first and perhaps only which is trying to help traders to learn how to trade better themselves, it shows Zerodha is not here just for making money. If there would have been history of Indian Stock Brokering Time should be divided into Pre-Zerodha and After-Zerodha 🙂 Well thanks of making Indian stock traders to international level. Opentrade will be very helpful for many traders and it will be far better than Tips providers who don’t bother about money management, It would be great if trades of STARS are notified real time in trading terminal too. I checked KITE (web based trading) recently and WOW !!!! trading experience in KITE is superb. I have never liked web based trading before using kite.
Its smooth fast and does perfectly what it is supposed for. charts are better than nest plus. Even on mobile it performed better Nest Mobile. Congratulations !!! Team Zerodha for Kite and Opentrade. 🙂
I agree
Yeah.No doubt in that.Kite is exceptionally good and user friendly.But lately,kite as well as Q(backoffice app) is working very slow.And all other sites are working normal(so no problem with my connection or anything).Just having some issues with these two.So as a investor and a zerodha customer,would be really glad if this issue is resolved as soon as possible.
ThankYou
There have been no issues with Kite, Q yes has been slow. We are working on moving away to our new backoffice platform which should fix this issue.
excellent initiative by Zerodha. – looking to learn from the best in the business! 🙂
i love u nithin sir…i want bo-co on kite plssss
Wounderful …. Thanks Nithin Sir
One more weapon added on zerodha’s arsenal.
I joined Zerodha very recently. This kind of innovations none can even attempt.
I hope to benefit from this.
When it will be live
Some regulatory issues, very soon.
is their any option in Open trade that our trades get automatically executed as per our following stars?
No.
hi Sir, now a days i cant see the latest winners blog in 60 day challenges. what happen?.
Dear sir..
Does opentrade.in works on Android phone as screneer.pro doesn’t work..pls clarify.
Zerodha was about to start opentrade in the end of Jan 2016. What happened?
Small little hurdles, we will update you on the latest status soon.
Eagerly waiting on updates regarding opentrade.in
what kind of hurdles Nithin can you please elaborate?
The beta of opentrade is live now.
Dear Nitin,
I appreciate your efforts to improve upon the trading experience but few things I would like to put here for your organization primarily and your clients in general. These are not sugar coated words…
Observations:
1. Your customer service is not at all professional. Most of them do not even know what are the organizations capability, products and services etc.
2. When you have problem they will try to push it on you and pretend as if there are not responsible for anything.
3. Recently I took OPENTRADE. There is not way to purchase single credit and you have to purchase 5 credits. Now if you do not like that particular “Star” trading portfolio you want to change to the next, you loose your credit. This is crazy. The customer should be able to browse through any star within the 1 month period.
If I do not like the service then I cannot refund and what happens to to other 4 credits if I have not availed of it. This does not show any professionalism. I am actually facing these issues.
I hope you will look into it.
Regards
Anand
Anand, let me check on this. If you want the 4 credits reimbursed, you can always send an email to [email protected]
Hi,
Thank You for creating such a good tool.
but i have one question why don’t you provide option to buy one credit on OpenTrade.
it will be help for small or learner people
What is the criteria for getting selected as star trader ? How will u evaluate the performance ?
Hi Varun, Please write to us on [email protected]