A button to take a break from trading?

harsha7 · February 21, 2018, 5:53pm

Exceptionally good idea, having this option in Intraday! but considerably there should be an option
allowing a trader to take a positionaly trade (in prespective of recovering revenue partially)
So its again a traders call, what if he/she gets a chance to exploit on a particular day and mint some money!?

newguy · February 21, 2018, 6:09pm

I think the idea is good but there is no evidence or stats that it will work. I think those who want to lose the money by overtrading will lose it eventually no matter what.

vicky_kothari · February 21, 2018, 6:24pm

hahaha a button to control people’s emotions ? nahh not possible

Menta_Sai_Kalyan · February 21, 2018, 6:40pm

Client will select this option only when he makes huge loss. At that point he will be stressed and may take wrong decision and loose again. Some cases where they will never ever trade again.

amit526 · February 21, 2018, 7:47pm

When you are launching the version of your back office?

amit_thakkar · February 22, 2018, 2:21am

Hi Nithin
Nice idea. I also want to add one idea to this concept- we should be able to put a MAX LOSS per trading day and if it breaches trading should be blocked for the day…
Your comments on this

Amit Thakkar
Chartered Accountant

sam_b69 · February 22, 2018, 2:21am

before jumping in a river u should know how to swim same here with options people should think how much he can loose

Indrajit_Mukherjee · February 22, 2018, 4:00am

Don’t feel a button is necessary coz a trader who wants some break can simply log off Kite and log in only when he is ready to start afresh.

Shahrukh_Ahmad · February 22, 2018, 4:16am

Yes, it will certainly help in reducing the revenge psychology most traders went through while taking a loss and end up making more loss in desperation of breaking even by making more and more trades. Though this option too will require discipline from the trader. After all, trading is 50 % psychology and 40 % discipline and only 10 % capital.

Priti_Bhagat · February 22, 2018, 6:15am

Yes, It will be good option for those who are bit risk averse !!!

TIMEFRAME · February 22, 2018, 8:31am

To become a good Trader/Investor one need to have Emotional control/ Logical approach and money management but Not a " Fancy Tool"

SureshG · February 22, 2018, 12:00pm

@nithin …What a lovely idea!..It shows the ethics, honesty and core values of ZD to keep clients in mind above P&L… Well done guys!.. #Respect

PriteshTiwari · February 22, 2018, 12:36pm

The key aspect to trading is the entry and exit to any particular trade. Even if you take the entry at right time, but then the exit becomes difficult. Factors interfering in exit

Greediness, to want more profit more than you already having. You start becoming emotionally attached.
Rational thought is lost. So start focusing on the levels and book profit when you have synchronised with the correct levels and take exit.

siva_mohan_kodali · February 22, 2018, 1:12pm

Once take a break option is done then there should be no withdrawal of such option for the particular period mentioned earlier , then it will be more use ful

Anirban_Roy · February 22, 2018, 1:25pm

I think there should be a option to control the amount of margin available to a trader, irrespective of the segment he is trading in. The client should be able to select the margin (ie. 2x, 3x, 5x or 10x etc) from the back office. Once he selects an option, he will not be able to change it for a week or month. That way the risk of loosing money can be significantly reduced for newbies.

nedstark · February 22, 2018, 2:35pm

A very good option! Along with this can we also get if possible (in near future, after the break button feature) a virtual trading platform where when you take a break from the trading you can trade in the virtual platform and then when your success ratio gets better then you’re presented with an option to start real trading again?

arunsahu7777 · February 22, 2018, 3:46pm

Nice thought nikhil when i hear your journey from loss making trader to become the ceo of zerodha i also think that if that type of option is available at that time you aren’t hear but to make customer satisfy at every possible way is the job of every company and you r doing the same s well …someone well said that before investing in any company you have to know the desire of his ceo and when you know its ambition you can invest without hesitation sooo after going through the article i m also waiting for the ipo

MRM · February 22, 2018, 4:31pm

Good thinking.

fin9 · February 23, 2018, 2:14am

Having suffered account blowups in the past, I would say it is a brilliant idea. Also, there should be a button to limit how much money one is risking in the trades?

NeverMind · February 23, 2018, 3:18am

If launched, zerodha support team may not get break

May be @nithin 's inbox little bit over loaded

Dear Nithin sir,
I accidentally put the button on, now I want to trade.
Your support team not responding.
Please help, becoz of this I missed opportunity become millionaire.
Thanks