60 Day Challenge - A Suggestion to make it better

Already people are winning so it’s okay I guess for them to pay little amount as brokerage, as a business we also need to make money to have sustainable business model, to innovate etc.

Let me check this with our team.

4 Likes

Companies also win (Profit earning) on their businesses but as a business model, they share certain profit in form of dividends or bonus to boost the morale of employees becoz due to them only the organisation has gone profitable. How many are winning the challenge ?? And if these selects are rewarded in some form, that will be good to go i suppose. Not monetorily but psyhologically.

1 Like

@Nakul , @nithin
Any improvement being planned for the 60 day challenge. I dont mean any form of refund, but making the a 60 challenge win more significant achievement for a trader. Unlike a corporate employee a professional trader does not get any recognition or promotion :slight_smile: so having something (more meaningful than the current format of the certificate) that can be framed and put on the wall could be something honors the unknown brilliant traders out there and also a symbolic-trophy for all the hardships they went through in their journey. May be including a tier of proficiency in the certificate based on total wins and ROI. thoughts?

1 Like

How about something similar to YouTube play button which they send after crossing subscription milestone. Zerodha can also do similar…win 6 or 12 60 day challenge with atleast x% profitability. May be users can bear the logistic costs

1 Like

Hmm… :slight_smile:

The issue here is that if we make this too loud, it potentially can induce people to trade more to win the challenge or take riskier bets. Not something that we want to enable.

Keeping Financial Year as base or calendar year, Every year can be a level with month and week being next sub levels…That should give people an idea as to how many years, a user has been profitable…The sublevels basically should act like a weekly or monthly promotion to the trader…

@nithin Since there is no refunding of brokerage anymore…It would be good to introduce more variants in form of weekly and monthly challenges in line with FnO expiries…And possibly introduce levels and sublevels like in PUBG or ASPHALT instead of plain 1 time 2 time or 3 time winners…Make it more fun and interesting.

Having weekly context is almost like running a casino, I mean one blind fno trade can get someone a win and importantly it will enable traders to make risky bets than their usual capacity. Point running this is to inculcate discipline and consistency along with acknowledging traders, if you personally ask me I would suggest to increase it to 90 days instead current 60.

Will inform team if we can do anything to make this more interesting.

Exactly why weekly and monthly wins should be just sublevels…one blind or fluke weekly/monthly win should not affect the main level(yearly) in a major way…Infact more consistent weekly and monthly wins which affect the main level(yearly) encourages traders to get more consistency in their trades…

If you really dig deeper, my proposal of having an year (calendar or financial) for the main level is in line with your suggestion to increase the period of current challenge…The sub levels is basically to bring more consistency in traders at a weekly and monthly level and something for traders to look forward each week instead of waiting for 60 days 90 days or even an year…At the end of the year, a trader can expect to move to next level just like promotions in a corporate world if he has consistently increased his sub levels.

With leverage gone that shouldn’t be a big risk. But anyway please do something to make winning the challenge a more meaningful achievement. Based on this thread it seems like a popular demand :slight_smile:

My suggestion is to make it like a game which can inculcate discipline and risk management in the trader. Points for following the Risk Management rules and negative for flouting them. Also it can guide new traders, ask them to start trading with swing positions, get profitable in that, then intraday trading level should open up. Subsequently options intraday and positional. There should also be points for each profile based on how profitable they are and their experience.

2 Likes

Yep, nice idea. It has gotten on our list of things to do. :slight_smile:

3 Likes

@nakul, @nithin
Is it possible to share or publish stats on how many clients have won the challenge X number of times (just the count, without name or any personal info). ex. Number of users who have won 5 times, 10+ times, 20+ etc.
Curious to know what the max wins so far ?
The interview series you had long back of the consistent winners was really insightful, not sure why ended that. We should celebrate a lesser known traders who are not twitter celebrities.

We can’t really turn this into a game or induce people to trade more to just get those x number of certificates. While I get what you are saying is put up anonymized data on how many times, but I am not sure if it will really help in any way.

Some of those folks ended up getting a lot of unwanted attention and hence we stopped. But that said, this is on our list of things to do. @Bhuvan instead of blog posts, we can turn this into a short video series.

@nithin Can zerodha please add sorting feature for the completed 60 Day challenges? Or at least arrange the completed challenges in chronological order, more recent at the top and likewise… The current list of ended 60 day challenge is just chaotic, arranged without any logic or sense… :pray: :grinning_face_with_smiling_eyes:

ah, my bad. That we surely can. :slight_smile: Didn’t realize that this wasn’t sorted.

3 Likes

Will figure this out.

I agree with what you are trying to say. But the ones who are just photoshopping it or are getting into forgery have no knowledge of trading. They just have the certificate and no information of how actually the certificate was given to the deserving ones.

No one and no broker can do anything about it, my only suggestion is no matter it’s true/fake just take inspiration from it and keep on learning and improving your trades. Huge profits are certainly attainable and I only got to believe in those numbers after I personally lost six figures in just one trade, within few minutes infact and from there on, it’s been a great learning curve.

In trading there’s no one else to blame other than yourself, and if you look at those fake youtubers who fiddle with the numbers, sell some secret trading strategy/indicator and follow them and lose money, well I have no words to say, it was your money, your decision and certainly your loss, the youtuber had nothing to do with it. And the biggest revelation or truth is, there’s no secret strategy, you have to learn and find the best trading methodology that suits your personal style. It can never be attained in a day, week or a couple of months, for most it takes at least a few years, there’s no cheat sheet for make quick money, not unless you indulge in ponzi schemes. Those big numbers are nothing, you can make more than that, just keep on working on improving your skills. :wink: :pray:

1 Like

@siva any update regarding this?

Also any news regarding the interoperability?