I was rupees 240.50 in profit but only got 83.32 after deductions.
( I have executed orders on both NSE/BSE may that is the reason. If It is please guide me.)
In reality assuming your strategy and volume remains the same only charge you will be able to lower is brokerage, that too if you find a broker who charges less or has monthly unlimited plans nothing else can be done. Since you are trading equity all the charges will stay same over time or even increase. if you were a Futures trade you could have traded options to lower transaction costs but that’s a different game entirely and is full of risk and heavy risk appetite and capital is needed.
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Build good strategy n increase quantity
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Still STT and other Transaction charges will eat up his profits.
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Go to zero brokerage house (such as finvasia), if you are from a UT, then stamp duty is Rs10/- per day… Other than these, you can not do much.
middleman(brokerage) and govt. are two main beneficiaries of a stock market. !
So, develop a system in which you can reduce the no. of trades and increase the profitability of a trade.
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increase your profit range, example: if you are exiting at .25% profit, exit at .5% so charges will be still same but more profit. and brokerage is capped at 20rs per trade so increase your volume.
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@Varun_Katyal I have increased the quantity but I observed that it depends on no of trades. If I go for 2-3 trades then charges are less if I go for more trades charges are too much. (I have attached the screenshots for the quantity i traded)
You booking 0.1% profit …whts the sl %
dnt think its profitable business
@Varun_Katyal I am working on a strategy in which i don’t have to worry about stop loss. I am looking for consistency. But the thing is that there are so many charges in Zerodha.
Also, For a Newbie like me 0.1 % profit is a learning phase my strategy will improve over time.
The charges are as per regulations and are mandatory except brokerage.These are same with any broker and I can say Zerodha is on lesser side for transnational charges.
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Nooo. The charges are part of cost of trading and is equal with most brokers and much depends on how many trades you are executing and at what distance from your entry point.
Try not to scalp in and out of trades too much.
Happy playing and don’t blow your account the next 3 years.
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I understand that these charges could be a major put-off for a newbie. I see from your screenshot that bulk of your lunch got eaten by the government. You can increase volume and trade less to avoid these, if not that then the best you (and even I) can hope is a better government in a utopian future that would keep investors first and minimize or even nullify these charges.
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