Introducing Kill Switch

June 9, 2021
Featured, Nudge

Over-trading is the biggest destroyer of capital when actively trading the markets. The trading frequency is usually inversely proportional to profitability for most traders. This means that when in a drawdown or making losses, the average number of trades are significantly higher than when making profits. Good traders typically either reduce their trading size significantly or take a break from trading when in a drawdown. This is maybe the only way to survive trading the markets in the long run. Being aggressive or trading more when losing rarely ever works out well.

With Nudge, we have been slowly incorporating warnings and nudges into Kite, alerts that help clients better the odds of winning when trading. We have just added Kill Switch as a new Nudge. If you’re making losses, this new feature helps with your trading discipline and risk management by allowing you to instantly disable trading in one or more segments on Kite, forcing you to take a break from trading. Once a segment is disabled, you can only re-enable it after 12 hours.

To use the Kill Switch and deactivate trading, visit Console -> Accounts -> Segments.

Using the Kill Switch

Kill Switch also doubles up as a utility for those looking to temporarily deactivate the trading account or specific segments for any reason. Do note that you will have to exit all open positions and cancel all open orders before disabling a segment.

We are now working on setting up Kill Switch to automatically trigger based on a predefined loss or drawdown level set by you. We are also working on allowing you to define the maximum order and position sizes for every instrument as a percentage of your overall trading capital. This is to help you avoid taking large positions due to anxiety induced by greed or fear when trading.

Like we have always said, what differentiates profitable traders from those who aren’t isn’t a specific trading strategy but risk management. Taking a break from trading or reducing trading size significantly when you are in a drawdown is an important risk management rule.

I have two basic rules about winning in trading as well as in life: 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet. – Larry Hite

Happy Trading,

Nithin Kamath

CEO @ Zerodha and partnering startups through Rainmatter to help grow and improve the capital market ecosystem in India. Love playing poker, basketball, and guitar. @Nithin0dha on Twitter. | Personal website: https://nithinkamath.me

198 comments

  1. Suhas Kalgutkar says:

    Good Morning

    After going though the details I recalled that I was precisely thinking on such a utility. I am using quants app. It has the utility since beginning. Though it is not a trading platform. It gives a good aspect in decision making.
    Thanks a lot..Very good effort.

    Suhas Kalgutkar
    Mob 9561133337

    • Jagdish Ramdatti says:

      Very good

    • Sanjib Bhattacharjee says:

      kill switch a new nudge get help a new trader . it get helpful to minimize greed and fear,
      thank you for your initiative.

    • Dharmish Janjrukia says:

      Its really good …
      Help us tremendously
      Hope that further modifications will come soon…

    • Sachin says:

      Define the maximum order and position sizes for every instrument must needed.

    • hans says:

      Good initiative. But please keep the time period 24 hours at least (or let the user choose the time period).

      One should be able to deactivate the previous evening itself. Rather than wait for the next morning and then deactivate trading for that day. Because once you open the computer in the morning, you will be tempted to trade…

      • Ujwal Sandeep says:

        12 hrs helps us not to miss the next day 9.15 am. Just a round figure number.

        • hans says:

          12 hours is only helpful when you are already trading and want to stop. But if you want to take a complete day’s break from trading, you need the 24-hour functionality (wherein you can deactivate previous evening itself).

          A complete day’s break from trading is a very useful thing. It helps to recalibrate the mind, and you come back to trading refreshed. It may even end your losing streak.

          With 12-hour functionality you’ll have to deactivate in morning only. That means you will open your computer before 9.15 am, log in to Kite, get tempted to trade, drop your plan to take a day’s break, start trading again… vicious cycle.

          Even a 16-hour functionality can do the trick. You can deactivate for the entire next day around midnight, before going to sleep.

    • Mahesh Moghe says:

      Perfect! A must-have feature for a your trading software. It also shows that Zerodha really cares about their customers and are not just focusing on maximising their brokerage. Kudos!

  2. Share Market Academy - Youtube says:

    Awesome Feature

  3. Binder says:

    Pending share market Rate par buy Nahi ho raha

  4. Karthik says:

    Hi,
    Handy feature for beginners and experts alike. Appreciate it.
    Is there a way we can earmark the funds available in Kite as strictly for ‘Trading’ and ‘Investment’ ? This would greatly help so we dont constantly eat up money from the investment bucket when trading.

    • A says:

      Wonderful suggestion

    • Hanumantha rao Gopinathan says:

      Very Good and confidence building

    • Abhishek says:

      I would request to CEO, kindly add this feature also ‘Trading’ and ‘Investment’ amounts in different segments, just like current feature ‘Equity’ and ‘Commodity’

      • Matti says:

        Hey Abhishek, while it isn’t possible to segregate funds right now, we’ll consider this for some time in the future.

        • J Venkatesan says:

          Understand at the end of the day what matters is how you manage your money.

          Would really be helpful if this feature is available to segregate the amount available for Investment and Trading.
          This would help traders and investors also to reduce the number of Demat accounts they have.
          The possibility of a turnover increase in Zerodha is also high. It becomes a win-win situation for all.

          • KRANTI SANGLAM says:

            Great, and please don’t forget to provide an option to switch the funds in both the section so that what ever we earn in trading can switch in investing and if there is no opportunity for the investing or investing target has completed then one can use remaining amount in trading.

        • amit says:

          i am also looking fot this feature…
          currently i have pledged my longterm share and i am happy that its not on kite app so my trading and longterm share wont mixup

    • Matti says:

      This is on our to-do list, Karthik.

      • RKR says:

        Good suggestion Karthik, even better would be if each scrip can be allowed to be marked as “trading” or “investing” or short / long term

    • Hishansh Wadhwani says:

      I will not say keeping two separate funds but keep a section where we can mark our positions as investments which will not be visible with our trading positions.

      • Siji says:

        Agree, this should be added.

      • Deepak Mehta says:

        Yes absolutely agree with you.
        Just as we have separate section for Mutual Funds .. in same way there has to be partition between trading and investment also so we can identity our trading limits easily.

    • Manoj Saini says:

      Yes. I also thought of this many times. Trading portfolio and investment portfolio should be different. We can have 2 separate accounts for them but handling two accounts will not be easy. That’s why having separate funds for trading and investing will be a great option.

      • Siji says:

        There have been many threads on this, but Zerodha just keeps saying it is in their road map. Hearing this since the past so many years. Their road map keeps adding milestones, but not the feature most asked by customers.

    • Jay says:

      Its a great suggession.

    • Pandurangacharya says:

      Your thinking of eating from your investments is the reason for your failure in day trading. Think of profit profit profit always.

  5. Jatin says:

    Do I have to manually activate the segment ? Or it will automatically activate next day??

  6. Rajendra says:

    Can zeodha incorporate in watch list premarket top 20 stocks for ease of traders.

  7. Tej singh says:

    Sir , one problem i have been fasing is whenever I put Oder of exit the share price at upper or lower price its automatically exit the stock at market price in instant then I have to get position again and my profit goes in taxes .

    • Matti says:

      Hey Tej, If you’re placing a sell limit order for a price lower than the market price, or a buy limit order above market price, the order will get filled at the market price. That is how limit orders work. They execute at the best price. Use SL/SLM orders instead. Read more here.

  8. Codenamedj says:

    Can you guys please provide the feature of combining 2 or more position in one bucket/folder where we can put target or stoploss on the total PnL of the bucket/folder instead of doing it in each leg. This is easily doable via kite connect but just for this, paying the monthly subscription is too much. Option sellers and buyers who deploy spreads, strangles, straddle need will love to o have this feature of sq off in combined PnL.

  9. Satish says:

    Can you please make a different tab or something like that to differentiate long term trades and swing trades. I’ll be of much help to a bigger chunk of retail invertors.

    • Matti says:

      Tags will help in this differentiation soon, Satish.

      • Arpan says:

        Waiting for this feature.

      • Mohan Balnad says:

        Pls make it a different page/section itself like 1.Holding – INVESTMENT 2. Holding – SHORT TERM 3. holding – DAY/BTST.
        that will really help a lot, when the script in holding are above 50 its really difficult to search the one; even having search option.

  10. Dinesh Singh Kushwaha says:

    Can you people provide a nudge for scrips brought from Smallcases? Sometimes it happens that I have some quantity of a share and bought another quantity of same shares from smallcases. At some point of time I exit all the quantities of that share, which disturbs the smallcase portfolio. Oned should get nudge when existing (or buying more) shares of a small case portfolio.

  11. Manish says:

    Mus awaited feature. Thanks team.

  12. Guru says:

    Great feature once implemented fully. Much awaited feature. I have been using cold turkey software to block, but is not as precise and powerful as this once implemented.

  13. Nirav says:

    Can you provide a checklist popup.
    Like when one is about to place an order then checklist can pop up asking a person whether his trade is as per the plan.
    This would even solve over trading issue and a trader would improve in his winnings atleast not by taking unnecessary trades.

    • Matti says:

      This is on our to-do list for Nudge, Nirav. While we may not show an actual checklist for every order, we’ll do something along these lines.

  14. VijayMR says:

    Great initiatives….
    Can u gays launch some scanner..pop up or something.. where traders will come to know immediately about the stocks crossing 200 DMA,weekly high,crosssing resistance or something like that…
    So that it would be easier for the traders to grab the right stock at right time…

  15. Manish says:

    I have trying to apply kill switch, but it is not showing like you have mentioned in video.

  16. Prien Jobalia says:

    Suggestions:

    Capital protection and protection of profit is what is needed the most..

    1. A feature that does not allow you to risk more than a certain % of the Captial at a given point it time. So new trader should not be allowed to expose and risk all of the available capital

    2. A set % of target in every trade eg 25-30% in options, 20k-40k per lot of future to be auto locked and auto trailed there after… Traders loose when they don’t lock or book profits and then positive trades turn to losses due to greed.

    3. Similarly a min% of target should be fixed assuming atleast 1:2 risk to reward, esle that is not a good trade

    4. Once a trader reaches a certain % of profit on the starting coaitla for a month, 60% of the profit should be locked and 40% of profit and not capital should be aalowed to be risked for newre trades… This resets on start of new expiry. This will allow not to loose and go overboard once someone names good profits and eliminates the risk of losing the profits earned or even more

    All of these can also be manually applied, but human tendency needs rules to tackle it in a smart way

    Regards,
    Prien Jobalia (PJ)

    • Matti says:

      Hey Prien, we agree with you.

      1. This is on our to-do list.
      2. Hmmm… Will pass this on to the dev team to consider feasibility. Right now, you can set a target and stoploss for every order with GTTs.
      3. Nudge will soon start warning you for this.
      4. On our to-do list.

  17. Rajendra Ramchandra Mardikar says:

    I think the kill switch facility has not been introduced as yet, I could not find it.

  18. Abhishek says:

    As described above “To use the Kill Switch and deactivate trading, visit Console -> Accounts -> Segments.”
    The Kill Switch feature is not showing on my account console.
    please help me to activate the kill switch feature.

    • Matti says:

      Hey Abhishek, just enable or disable a segment on the Console Segments page. Whenever you disable a segment, it acts as a Kill Switch for that segment.

  19. Fahed says:

    Can you please release the date for the launch of this feature? Awaiting reply ,thanks

  20. Arvind Sampath says:

    Nithin I think you should enable this for a pre defined TP as well. So many traders complain that their pre noon profits evaporate to zero by evening.

  21. Sridhar Sarathy says:

    Great idea to stay away and needs break somedays to avoid such a huge loss , it will help to all thanks team Z

  22. Mandar says:

    Just awesom !!!

  23. Aashidh says:

    Hi Nitin, this is a really nice feature for trader. For people who have holding, what’s is the equivalent of trailing stoploss in zerodha ? I know CDSL 2FA kills the deal. Are there any plans to build it ?

  24. Vishal says:

    Addition of this feature and the future extension is a brilliant example of ‘Whats good for the investor might not be good for the customer and vice-versa’

  25. Harshit Goyal says:

    Great Initiative 🙂
    Nice to see Zerodha taking such investor friendly initiatives.
    Thank You 😊

  26. Mahendra Paryani says:

    If this feature has come up in last year, i would still be a part of market today and may be I havent created my life into trouble and trap into debt even being a CA

  27. Mahesh says:

    Keep options for disable time, like for how long we want to disable trading.
    Then this will be a fantastic tool

  28. Anandrao Jadhav says:

    sir hindi me dijiye ye msg.thanks

  29. Abhishek Jangale says:

    Just the required thing for new FNO traders! Nice Job Zerodha..Could’ve introduced a little early though hahah..

  30. Pratik says:

    Now That’s a feature worthy of being present in the Numero uno trading platform. Good work and Thank you.

  31. ATUL TIWARI says:

    brokerage charges so high
    Why are the security transaction tax charges so much high for equity delivery trade than in intraday trades

  32. Sidhant says:

    very good initiative for retail traders! will help them reduce losses. nudge is proving to be a very beneficial tool as it warns you when ur about to take trades in penny stocks. thanks a lot for this!

  33. Venkat says:

    Good idea, as long as the control always remains with the trader/investor, especially when it comes to automatically disabling trading, which would be very unfair to a user trying to rebalance their positions by closing old ones and replacing them with new ones to manage losses in a drawdown situation.

  34. vishwa s says:

    Looks great,

    And one more thing, How can we save drawings to cloud.
    like trend line and support, resistance levels for stocks to refer in future.

    I could see there only option to save indicators template but unable to save trend lines of particular stock.

    Thanks

  35. mahesh says:

    this is something BET365 has too on their tool

  36. Shivaji Gangadhar Chavan says:

    Dear sir, Good morning. i have not understand some features . i want talk through mobile understanding . can you provide your any master person contact

  37. Mudit says:

    Nice One….

    Kindly Request to add Algo Feature to Kite. Already You and Your Team has done so beautiful Work by Incorporating TradingView Chart, why not add your Brokerage House or Tie Up with TradingView so that we can directly trade from Trading View. Streak is good but semi-auto so if we want to have fully auto then we have to depend on other Vendors.

  38. Phani Kumar says:

    Awesome feature. It is an essential one. Thanks for this innovative feature.

  39. kartik says:

    There are 7 columns in ‘Positions’ tab

    Product, Instrument, Qty., Avg. LTP, P&L, Chg.

    Is it possible to allow trader to choose which one to keep and which one to hide ?

    e.g. if trader want to hide P&L column, Can you pl help with that ?

  40. mahesh says:

    zerodha needs to tie up with US brokerage firm, IND MONEY is offering trading in indian stocks, and US stocks only equity, i aint moving out there, but it wud be great to have access to US stocks, since we live in more global world than ever before

  41. Suneel says:

    Thank you. It is necessary for people who can’t be disciplined.
    Also, When are you launching the international trading /investing feature? Any time line?

  42. Kulvinder Singh says:

    Great feature! Good initiative.

    I would like you to add a feature for dividing funds into few compartments so that funds can be blocked for various targets like Mutual Funds (Coin), Small case, F&O, Cash segment etc.

    Regards

  43. Rakesh Jain says:

    1.Another upgrades can be made in term of watchlists. Either the no. of watchlists can be increased or the limit from maximum 50 scrips to higher can be increased under each watch list.

    2. Wish if we could have been able to put and categorize different scrips under different portfolios such as long term , short term and trading one , so that we do not get to all the scrips on single screen . It would avoid unnecessary attention to scrips which we keep for long term and help us to act irrationally by meddling with them.

  44. Sagar says:

    A very useful and important feature for beginners.Thank you for understanding a trader’s mentality.

  45. OFT Profit says:

    Wow, Such a Excellent stuff came out from Zerodha.

    Thanks,
    OFT Profit.

  46. Ravindra says:

    Nice Feature.
    Can we have something like this for GTT orders. On some day is market is down its possible that most of your GTT orders will be triggered and may eat your all available balance. So such feature is required for GTT to disable from executing it at once.

  47. SIKANDAR HUSSAIN says:

    Can this feature be added in KITE too so that we can stop overtrading

  48. PP says:

    don’t do timepass, upgrade your Desktop trading software. no one is listing to this request.

  49. Manju says:

    Is this free or paid ??

  50. Yogesh Raj says:

    That will be useful.. Thanks 🙂

  51. arvind says:

    it is a nice feature and certainly help the investor like us, though I have not use it yet but read the post and seems that it is going to be a very promising feature for Zerodha users.

  52. venkataswamy says:

    nice feature

  53. Umesh Katkar says:

    Nice initiative. It will be useful for new traders who don’t know the importance of Risk & Money management.

    If you really concern about ppl’s money.. Now.. try to provide some margin at least 2X for delivery also. So ppl can move to positional instead of intraday which is too risky.

  54. Hrishikesh Mahale says:

    Hello,

    Please re-introduce trailing stoploss. Thanks.

  55. B N PRASAD RAO says:

    Hi Kamath,
    Thank you for protecting traders interests. As long as trader is their bussiness of broking is their. It is a win-win intiatice. I request you to put another swith which will reduce the position size when trader makes good profit as the trader like me uually becomes overconfident and trades more when he is making good profits and eventually give more than what he makes.

  56. Arunraj says:

    Great Effect to help Zerodha Traders.

    Once again, Zerodha shows development of Zerodha trading Platform, the intent of developing the tools are to help the traders to gain more knowledge to trade better for make profit, as long as its goal are met then it is great otherwise is not good – if misused the information.

  57. Yuvraj says:

    Very good feature. Thank you zerodha team and nikhil. This is great feature for traders.

  58. Ankit Mehta says:

    Ek hi to dil hain, kitni baar jeetoge?

  59. Vijau says:

    But you will lose business . How is this a good approach to increase your revenue?

  60. Prathamesh says:

    Kudos to Zerodha’s intentions of protecting small / novice traders!

  61. Akshay Tele says:

    Ka tas kel aaizavadya

  62. Shailendra Saxena says:

    I deeply appreciate your initiative in this direction, the loser always tries to recover his losses so fast, and in order, to do that, he commits more mistakes, with too many worries in his mind he can not earn any profit at all, even if his trade is in the right direction, he would not stay there to capitalize it.On the contrary, the winning traders may also feel a kick in their mind, may feel extra high confidence with their trading, and may take wrong decisions after a big win, so its a better idea to take a short break from trading for a while, it really helps to realize the market conditions neutrally when a trader watches market activities by isolating him from trades quite frequently.

  63. Vishnukmaer says:

    Vishnukmaer Hi

  64. ASWATHY CB says:

    Super good nice

  65. sanjay says:

    i was thinking for this from many years .great effort

  66. Vishal Golwala says:

    Please send us long term, medium term & short term investment Tips and guidance to buy the Shares on our E-mail and Mobile number to invest. So that we can earn propertionate amount of income

  67. Veeramani says:

    Dear Team,
    One request, if possible please update profit and loss calculation to last in first out method from FIFO. Bcoz if I average a stock ans sold the share which I boug second time, then it calculates PNL next day and shows in profit but actually its not in profit. So I calculating manually everytime.

  68. prashant kumar says:

    kill switch is a good concept but as far as restricting trades for the amount of capital , i think is not good for learning traders like me who put small amounts of fund and learn to trade on a real platform with real money involving real emotions . anyways they never have huge capitals to lose

  69. Avijit Saha says:

    Hey!! Great job.
    &
    Will it be able to add 75 min time frame to the chart section.

  70. Rsj says:

    Fantastic this software is especially made for me. Every traders after making profit they actually want to exit but there is no such options and again bet and loose money with their capitals keep rolling

  71. Vidya Sagar Yellapu says:

    Nice feature to protect the financial health of customers while not concerned about eventual reduction in the amount of brokerage on trades. Nice attitude.

  72. Deepak sonebhadra says:

    Now days too much problem in zerodha app.like
    Ye mat karo wo mat karo ….
    May be reduced customers next 3 to 6 months

  73. sanjay says:

    but the stop loss kill switch is also needed.say we have capital of 10 lakh and wanted that if our loss crosses 30000 then our id get suspended for 12 hours.it may be in absolute and percentage term of our capital in both way this will be a diamond thing for traders

  74. Tejas Santosh Zaware says:

    Great feature,
    Thank u Zerodha, u care about customer ,not ur revenue ❤️❤️❤️

  75. BHaskar Chaudhary says:

    I think you should seriously add a feature to group trades together into a single strategy. This will allow option players to manage multiple legs of a strategy while playing out multiple strategies from same account.

  76. Hemant Narayan says:

    Very good features,it is very helpful to all day traders. THANKS

  77. Vijendra kumar says:

    but the stop loss kill switch is also needed.say we have capital of 10 lakh and wanted that if our loss crosses 30000 then our id get suspended for 12 hours.it may be in absolute and percentage term of our capital in both way this will be a diamond thing for trader

  78. Rashmin Patel says:

    Wow,
    Today morning me and my friend were discussing about hiding option to be made available so we could hide few scripts which we have invested for longer period so we do not visit those scripts day to day and not to worry about daily P/L . U can introduce such options also in Profile or Portfolio section

  79. Satyanarayana says:

    I want to add a new bank account

  80. CHANDRASHEKHARA S S says:

    woww wonderful option even day before yesterday i was thinking like why cant broker can give this option and may now zerodha have herd me LOL , but great job done by u people keep it up

  81. Sujit mohan says:

    This is good feature that will help us in panic situations. Kindly add one more feature in Fund – Payments history- only show added & withdrawal amounts. That help us track our investment any time any where and more easily.

  82. Sanjeev Dhariwal says:

    Sir
    Can we expect Zerodha to launch a facility where we can track multileg options strategies at one go and place our single p&l or stop loss for entire strategy at one place?

  83. Raj Panchal says:

    My zerodha me segmet not add nadhi Tharu te Kari apo ne

  84. Rajendrakumar says:

    Good feature for traders

  85. Sapam Keranikanta says:

    GRATEFUL FOR THE ADVICE.
    Thank you very much.

  86. Rahul K says:

    every trader want new margin rule to be taken back by SEBI as it look like they are doing ot for big player so general trader can’t write option & make easy money & brokers are happy as retail trader have no option now they only hv to buy option because of rules so this way brokers making more money in brokerage. Wish some genuine broker make SEBI to withdraw foolish margin rule & every trader know if broker lobby want to make SEBI change their rules they can but they won’t now as their goal is to make more brokerage which now they are getting as huge volume raise in option buying only.

  87. Saurabh says:

    How come you going from being a neutral broker to someone who is worried about clients profit and loss?
    I am not sure if this is good idea.

  88. Arvind Raju says:

    Hi Nithin,

    Is there any way to improve the watch list alerts? People like working unable to sit throughout the day.

    Any SMS based or push notifications with sound would help us.

  89. T. Giri says:

    Sir not able to apply bracket order

  90. uttesh gholap says:

    Can you update zerodha chart saving portal as the trend lines drawn on it gets automatically deleted after refresh or re-login process. In short we use another websites for it like investing.com but if it some trading website unnecessary shuffle of websites will be ceased.

  91. Amol says:

    Can u add this in real life as well?
    Need to take a break from life and will start again after achieving state of mind.

  92. Santhosh Kumar says:

    Will GTT orders also be disabled ?

  93. Kapil says:

    The 1987 villain was something called portfolio insurance. It was a product that used stock index futures and options to assure institutional investors that they need not worry if market prices seemed to be unreasonably high. Portfolio insurance would let them get out with minimal damage if markets ever began to fall.

  94. Soumyaranjan Behera says:

    Kindly introduce colour coding/ colour background of different stocks for long term investment/ short term/ swing trading etc

  95. Sunil says:

    Good Initiative !!! Thanks !! How about adding one virtual platform which is connected to actual market. So when in nudge we can do some virtual trades to check and regain confidence.

  96. Sunil Chavan says:

    Dear sir, Zerodha की औरसे हमेशा बहोत सारे नये नये features aap मे aad होते रहे है। लेकीन उनका 100% आसानीसे कैसे use करे इस बात का ट्रेनिंग कही मीलता नही क्या आप zerodha aap पुरी तरह से use आने के लिए लोकल लेवल पर ट्रेनिंग arrange कर सकते है क्या ? और बहोत जुड सकते है।

  97. Praveen P Rathod says:

    Yes i too was thinking of such feature to auto prohibit self from trading after weekly mentioned losses..i was also thinking of auto exit in profits as a feature to tap momentarily target that gets achieved as price falls quickly than to rising..hope u listen.

  98. Rajendra Gotkhinde says:

    This feature will definitely reduce huge losses of a trader in successive loss making trades taking place due to fear and greed. Very good step.

  99. Harieswar Reddy says:

    Hi,

    Can you please introduce option chain feature for both index and stock options, as this feature is very much needed for trading with ease.

  100. Dinesh jadhav says:

    Please add direct trading from option chain in onclik order completion.

  101. BALARAM ROUT says:

    GOOD MORNING SIR
    THANKU FOR PROVIED ZERODA PLATFORM

  102. Raghuveer says:

    Hi

  103. Sukumar K says:

    Like these features are very much required for every trading person, in this way zerodha is thinking and acting as Very practical person. Keeps rocking..

  104. Siji says:

    Great feature to protect the customers !!

  105. chetan says:

    This is wonderful . Humble thanks to Shri Nitin Kamat. You are a superhero. And to understand the mind of the traders is art. that only you can do. Thanks a lot

  106. R Kalaimani says:

    Hi zerodha, kindly allow to Trade in some of the OTM options

  107. Harsha Ramanagoudra says:

    An implicit kill switch is to display the profit/loss on Positions window.(net of charges)
    Just like Michael Burry in film , The Big Short – He wrote on a board, Zerodha can show on Positions window.

    – Week to Date, Profit/Loss
    – Month to Date,Profilt/Loss
    – Year to Date ,Profit/Loss
    🙂 [optional ] Begining to Date Profit/Loss

  108. Vishwa says:

    I just though about this today morning who to stop trading 👍👍👍

  109. Hemanth says:

    As an option, ok.
    But don’t enforce.

    Option strike range limit is already a pain enough

  110. Rijin says:

    12hrs is too short, it should be for 12 days

  111. Chandrakant says:

    And one feature to disable mis only also.

  112. Savanta ananda gherade says:

    .

  113. Rajnikumari vinodkumar maheshwari says:

    Hy

  114. Rajnikumari vinodkumar maheshwari says:

    And one feature to disable mis only also.

  115. B B Bharti says:

    Do note that you will have to exit all open positions and cancel all open orders before disabling a segment.

    What does it mean ?

  116. Sumesh says:

    Kill switch saved me from excessive options losses. Good feature.

  117. Rajesh says:

    Good initiative..

  118. hans says:

    Please make the deactivation for 24 hours at least.

    That way one can deactivate on previous evening itself. If it’s just 12 hours, then one will be able to deactivate the entire next day at 3.25 am in the night! (in case you don’t want to trade at all the next day, and consequently need to deactivate the entire next day).

    So if you make it 24 hours, it will be more useful and more convenient for users. Better still, give the users the option to input the time period, anywhere from 1 hour to 24 hours.

    If it’s just 12 hours, and I want to deactivate the next trading day, I’ll have to do it on the morning of the trading day itself. That means opening up the computer and getting tempted to trade that day…

  119. Karthik says:

    Please don’t make anything automatic.. Let me decide when to trade or not.. And personally I don’t need much overhead like checklist fund prioritizing etc during trading.. Else I may need to look out for another broker.. Even if I see 90% loss in a script I would average it to gain during the reversel and if you block me trading then you want me to continue with the loss and not to recover.. Hope I make sense

  120. Jambagi says:

    Very good feature shall improve overall trading profitability.

  121. Pavankumar says:

    This is very valuable information for traders like me who trade with high frequency.

  122. Ranjan says:

    When will introduce the automatically trigger based system on a predefined loss or drawdown of certain limit?

  123. Saravanan says:

    This was said by someone: “When you introduce a feature/tool that is counter-intuitive to your business, that’s when you really start making money.”
    You guys have really understood the nuances of making business. It is hard for retail traders to choose your opponents. That’s a nice move!

  124. Reddy says:

    Thanks sir it’s saved my 1k today.. thanks so much 🙂

  125. Rajendra Ramchandra Mardikar says:

    I highly appreciate this feature

  126. Yogesh Rathod says:

    I really appreciate the efforts taken by you, I had experienced this in the past and lost lots of money. Thank you so much for your efforts much appreciated.

  127. Karthick Kannaiyan says:

    Very useful one for aggressive traders, especially 12 hours time frame is very mindful and maximum order implementation is expected from you guys.. Thank you so much.. people will start to relalize the broker’s aren’t villains here☺️👍🙏

  128. Prashanth DN says:

    Good option. Please tell me what’ll happen to the open positions and pending orders. Hope they’ll all be closed.

  129. Preeti yadav says:

    Great initiative once again

    You Rock

    Keep up the good work
    Team Zerodha

  130. Vijay says:

    Hai,

    Is this possible can u make watchlist like trading view where we can Keep all more than 100 stocks in single list. Also improve font size it’s too big not like tradingview and also marking colour on stock which can be filtered for next day trading.

  131. Praveen Kanade says:

    Another feature which will really help the traders is to show a notification if he tries to do MIS on stock which is blocked for intraday trades right away. Now the notification will come after hitting the BUY/SELL button. This will save lot of energy and time spent on pinpointing the trade on that stock.

    • Matti says:

      Hey Praveen, showing a notification before we know that someone wants to trade a stock wouldn’t be possible. 🙂

  132. San says:

    I dont need Killswitch. What I need is a full fledged demo account which allows me to trade with virtual money. I am aware that sensibull have paper trading. But its not useful.
    Why we (traders) do overtrade? Evenif first trade is successful, we cannot sit idle. Right?
    No one can switch off the computer and go away..So second trade happens which result in losing the profit which I earned in the first trade. Third trade is a rescue mission to make good the loss which will result in capital wiping.
    A switch to move between Real and Demo is only the way to save money from overtrading.
    Please do it Nithin. I am ready even to pay the same brokerage as real trade. It should not be with bogus 1 lakh virtual capital money. The starting amount and fund add section should be same as real account.
    Except bank withdrawal, everything should be there…

  133. MAHIM APARIDA says:

    Happy for this feature.

    Many time to compensate lose and finally end up with more losses because of over trading.

    This features will forcefully control trader to avoid over trading.

  134. Roopesh M V says:

    Is it free ?

  135. Victor says:

    It is good that you are devoting resources to enhancing the platform. However, I believe your priorities are misplaced. These are good tidbits but there are far more important features that require your attention — 75 min candlestick chart, NRI investing through Coin, U.S. stock investing to name a few. Please devote time to these items as well.

  136. KIRAN B CHANDGUDE says:

    I ONLY SAY THAT, THIS FEATURE WILL SAVE ME FROM FUTURE LOSSES,& SUCH FEATURE IS REQUIRED FOR PEOPLE LIKE ME WHO LOST TOO MUCH CAPITAL DUE TO GREED AND FEAR , TOO MUCH OVER TRADING TO COVER TRADING LOSSES….
    Congrats to Zerodha team for introducing “KILL SWITCH” to deactivate the particular trading segment in which the trader are making huge losses due to greed,fear or over trading….requesting team to set up Kill Switch to automatically trigger based on a predefined loss at the earliest possible…

    Warm Regards

  137. Nagaraja Sharma says:

    Let us try how this will help us.

  138. DDGupta says:

    What ever you make , you still could not include 2 important features even after your repeated updates.

    1. In your Mobile App, Why we need to Scroll Every Time to see Nifty Index / Bank Nifty Index ? Adding these 2 scripts in WatchList again kills space . Imagine a situation that your Both hands are Engased somehow – and you need to see Nifty Index or BNF Index which needs Scrolling from Top , that creates a Big Problem. ( Of course we can add these 2 in our WatchList but that again kills space. While on PortFollio – Positions – It should SHOW the Nifty Index and Bank Nifty Index also. You are using such a BIG Font writing Marketwatch / Portfollio – why not you reduce these fonts and include Nifty Index and Bank Nifty Index in that Place in Line ?

    2. Newly added Scripts should always go to TOP Place. Currently it comes in Buttom.

    Upstox has these 2 important features – which is very much good. I wish ZERODHA’s KITE also includes these 2 features in its Mobile App.

    Many times I have written EMAIL to Mr. Kamath but I think – he is not serious about it ! Very Sad .

  139. aswartha says:

    I dont think it should be made mandatory atleast. Just keep it as an option. Because there are many discipled traders too. which should not affect their way of trading. When it is kept as optional its good to have it as a feature rather than a compulsion. After all no body forces any body to do anything greedy or create fear. Its just human emotion. By mechanizing emotion into system it can create hurdles (with mandatory option).

  140. Aniruddha Kulkarni says:

    Great thing!
    I would be waiting for auto kill switch.
    Thank you

  141. Rohan says:

    If a person have to activate this feature itself then I don’t think it is of any use.

    Account suspension should be forceful.

    Bring a feature where a person can set a limit of drawdown in terms of loss ie. 10000 or 20000 as per risk appetite. If this triggers trading should suspended for the day. Thank you.

  142. Pramod Tiwari says:

    Mail ID Abhi Tak nahin aaya

  143. Vivek says:

    @zerodha @siva @nithin Another feature that will greatly help newbies is a demo trading account. Maybe also enable kite connect APIs in the demo as well
    Funny idea: Enforce that they be first profitable on the demo before risking real money.

  144. Jyoti says:

    Very poor support system, I had raised complain on their support portal. my complain has been open since last 3-4 days. No one is reverting back and solving my problem.

  145. Sneh Sharma says:

    Thanks for the innovative tool. Suggest you to bring another automated advanced version in which I may decide the maximum loss for the day (for purely intraday trades) beyond which the system will automatically squareoff all open intraday positions and disable the segment for 12 hours.

    Thanks,
    Sneh

  146. Uttam says:

    Is it possible to enhance the kill switch to disable only intraday trading but, allow market orders.
    This will be useful for people who only want to invest and not participate in trading.

    My reason is,
    – Investing will not need tax audit
    – Trading needs tax audit

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