Dear Zerodha Team,
Below combined risk-management tools would greatly benefit intraday and option traders:
1. P&L EXIT based on predefined profit or loss — this feature is now a must for disciplined trading.
2. Combine P&L Exit combined with a KILL SWITCH (similar to Dhan), so traders can avoid emotional over-trading once limits are hit.
3. Add PROFIT PROTECTION to this system — allowing traders to lock a portion of their running profit instead of giving it all back.
4. If possible, a TRAILING PROFIT PROTECTION option would make it even more effective.
This enhancement can massively improve discipline, reduce emotional trading, and protect profits.
P&L based Exit + Kill Switch + Profit Protection = Life saver for traders
Today I was sitting at 1 lakh+ profit. My plan was to further risk 50,000 more and take home at least 50,000.
But once again, emotional trading took over. I overtraded, couldn’t stop myself, and ended the day with 1 lakh loss.
This keeps happening. If you check my P&L, I am already in huge overall loss, mostly due to emotional trading.
What we urgently need is a P&L-based Exit combined with a Kill Switch and Profit Protection (with trailing option, if possible).
If I could have locked even 50,000 profit while sitting on 1 lakh profit, today’s damage would have been completely avoided.
Please expedite the release of P&L Exit + Kill Switch + Profit Protection. This one feature can genuinely save thousands of traders like me from emotional self-destruction.
@Shantanu_Nayak , sorry to hear about your day. We’ve passed this feedback on to the team, and are already working on the mentioned ones. Will keep you posted. ETA hard to provide.