Comment on 12 years of Zerodha
commented on
17 Aug 2022, 11:48 AM
DAILY STOP LOSS (DSL) FEATURE:
Much needed feature. It’s like an automated kill switch. Traders choose their stop loss for the ENTIRE DAY. For example, you choose 10% as DSL. The moment your loss for the day crosses 10%, your trades are automatically squared off, you can’t trade that day anymore. Your trading is disabled automatically by the platform. You can only trade again the next day.
This will stop people from over trading and revenge trading. These two are major causes for traders blowing up their entire account in a day. And when this happens a couple of times, most people leave the market forever. American trader Oliver Velez works on a platform that has a similar daily stop loss functionality. Would be great to have this functionality on Zerodha too.