Comment on Opentrade - learn following star traders

Anonymous commented on 13 Jan 2016, 08:31 AM

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….

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