Anybody Made Profit/Loss Today?

@haribabu Sir is it your account.I will run away from trading if it is my account :slight_smile:

It is my account only ( Managed by Zerodha on Holidays :grinning:)

1 Like

Hi,

Yes this was 18th october 2017 trade, the square off you’re talking about is RMS, yesterdays trade were squared off due to some technical error they said, and they waived off brokerage for next trade but that doesn’t cut it because i lost my sell position at that point.

I usually buy/sell 100 quantity of CRUDEOIL Mini lot and exit in 5 points which gives me around 4K profit after 750 as brokerage and other charges like CTT, GST and Turnover charges.

For 1 point movement you either get 1000 rupees profit or loss for 100 quantities of CRUDEOIL Mini lot.

Currently i am using morning strategy, i start at 9.45am and check all the news regarding crude oil and check the general trend and also the WTI crude oil price as our market closes at around 11.30pm but US market is still open till around 2.30am and again it starts at 3.30am so there are price fluctuations and that is why crude opens at gap up or down at the beginning of our 10am indian market session.

Crude usually moves 5 points up and down from the morning sessions start, and the movement is slow compared to how it moves after 4.30PM, so as per the news and trends i put my Cover order in that direction and i am usually out within couple of hours as i get my 5 points.

Also one can check the API weekly data, EIA weekly data, Baker hughes rig count, OPEC news, IEA reports to gauge the trend and go into the trade with more analysis and predict as to where is the trend going.

@haribabu Scripts which are showing Avg Price 0.00 are they closed or Open???

I know in Stock Market your loss can be Unlimited (Untill you have funds in account Broker will not close your Postions) Just like your Profits can be Unlimited.
How You can face this much loss and how you recover this much loss?

Loss Of Existing Postion is a Heart Broken Process. I understand This.

Is there any Diff b/w CRUDEOIL & CRUDEOILM???

Thats Very good.

@haribabu Yes sir, How can they close your positions if you have sufficient balance. Please let us know, if they still close the positions even after the balance due to whatever might be the reason, then its not acceptable

Hi,

difference between CRUDEOIL and CRUDEOIL Mini explained properly on the below link, hope it helps

Thanks,

1 Like

When they mean technical error, Does they sqaure off only for Cover orders/MIS or they do it for NRML(Delivery) as well

I am not sure about the other order types, i was on a coffee break at office and suddenly got an SMS from Zerodha and when i checked the kite on phone i was no longer holding the sell position and in loss, and surely the stock came down atleast 12 points after few minutes of the square off.

Some time, zeordha behaves pathetically. In this case yours is Cover Order, but does it also happen for the NRML
@haribabu Sir you please shed some light on the same

This happen for every Order as per my knowledge.
If your Loss will start crossing the permissible limit as per the available funds in your Trading Account You Positions will be squared off.
Every Brokerage House do this.

But Yes, You receive a systen generated mail before the square square off of your positions to add more funds to Account. If you will not add more funds to cover that loss. Positions will be squared off. Because Brokerage House will not pay for your Loss from there pocket to exchanges.

@basha. @Lets_Invest Sorry my positions are nothing to do with what @dvikhe is talking about.

All my positions are open. Zerodha does not update closing prices don’t know why? They show like that.

For Long position it will show huge profits and huge loss for shorts. Actual loss is about 20k. Still open. Hope today evening will do something to recover. Since most traders here are intraday may not know this. This is common for positional trading on Holidays.

Enjoy your Holidays :grinning:

@haribabu sir you were so bullish on the market but you are holding short positions on Nifty?

@KarthikNarayan Zerodha need to update the Proper Closing prices after market hours. but that is not happening.

Long pending issue. If we do trading multiple times in same Scrip then after market we do not know What is exact Avg Price and What the price for next Day.

Hope @nithin will address this soon.

I posted it here lighter note. Don’t Panic. There are stories of Real Big Loss trades. Yesterday I posted it. will update now.

2 Likes

Recently I have faced this.

I am Sure This will be Recovered Very soon.
All the very Best. :grinning:

1 Like

@haribabu sir why dont you use PI? which is faster than kite since you are a full time trader, you can use PI right?

I was using Pi only. but after latest Update it was not working properly. So using Kite.

Also when I did API trading I need to use Kite and later stuck with Kite for now. Hope Zerodha will bring Better Platform for us.

1 Like

Usually I never cross 50% limit of my account Value. if it goes above that I quickly reduce it below 50% level within two days.

Best thing is to use only 30% max for trading from Account Value. You will get better opportunities then you need to have money in Account at that time.