Comment on Zerodha - Margin Policies

TheStockaddict commented on 15 Jan 2014, 05:59 PM

Hi:)
I have another crazy doubt.
Assume I have 1 lac rupees in my zerodha account.

Assume I am doing only intraday trades.

Now I want to take an intraday position in 1 stock which has a MIS margin of 3x.

So I will be able to do intraday for 3 lacs worth of shares, Correct?
……………………………………………………………………………………………….

Now is the crazy part:

Suppose I have spotted another 2 shares that also have an MIS margin of 3x each.

Now instead of trading 3 lacs(3x) worth of shares in 1 stock,
can i trade 3 lacs worth shares in 3 stocks(1x * 3=3x)??
I will be trading 1x in each of those 3 shares with the same 1 lac investment.
In either case I will be trading an amount worth 3 lacs in total.

In that way I could average my risks and stay in assured profit and also generate more brokerage
for Zerodha :p

sorry if this is a dumb question but this option would be really helpful:)

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