Aug 15th, 2019 is 9 years since we started Zerodha. All of us have
had the best time of our lives, building a brokerage firm that we wanted
as traders. We are now:
Some highlights from our 9th year:
On stop-losses: I’d also like to use this opportunity to share one of the most fundamental rules of trading — make sure to not lose more than 1% of your trading capital on a single trade, even if your account size is small. For this to happen, you might end up being forced to take a really small trade which might seem immaterial. For example, if you have Rs 1lk, a single trade of maybe Rs 5k with a stop-loss of Rs 1k (1% of 1lk). But by doing this and making peace with your loss, you will place yourself in a much better situation to make the right trading decisions. Most people who lose money do because of unwise choices made in a panic, as the money on the trade is something they can’t afford to lose. For all of you actively investing, make sure to use GTT to place a stop-loss whenever you buy a stock. As you gain experience and start making money, then gradually increase this 1% number.
- India’s largest retail brokerage with over 1 million active clients
- Maybe the largest retail brokerage in the world in terms of the number of trades, processing over 2 million trades a day. Also one of the fastest in the world with sub-50ms order execution speeds.
- The largest direct mutual fund platform in India in Coin – over Rs 7500 crores transacted.
- Among the top 20 investing related websites in the world and our open education initiative Varsity among the top 3 in the world on capital market education.
- The craziest metric of all is that we now have 1.6 million customers and over 15% of the retail trading turnover on the Indian exchanges without spending any money on advertising!
Some highlights from our 9th year:
- Coin goes completely free in Aug 2018. DP charges on redemptions are waived off in March 2019.
- Tradingview charts are launched on Kite. Open interest and extended historical data are introduced.
- Sentinel is made completely free.
- Kite 3.0 app is launched with significant UX improvements and tons of new features.
- Console launches new visualisations including account value curve, holdings sectoral breakdown.
- Significant updates are made to all our partner apps – smallcase, Streak, and Sensibull.
- GTT/GTC order type is launched for placing long-standing take-profit and stop-loss orders.
- All clearing charges on F&O trades are waived off.
- Varsity mobile app is launched.
- Referral and reward programme is launched.
- IPO via UPI is launched on Console.
On stop-losses: I’d also like to use this opportunity to share one of the most fundamental rules of trading — make sure to not lose more than 1% of your trading capital on a single trade, even if your account size is small. For this to happen, you might end up being forced to take a really small trade which might seem immaterial. For example, if you have Rs 1lk, a single trade of maybe Rs 5k with a stop-loss of Rs 1k (1% of 1lk). But by doing this and making peace with your loss, you will place yourself in a much better situation to make the right trading decisions. Most people who lose money do because of unwise choices made in a panic, as the money on the trade is something they can’t afford to lose. For all of you actively investing, make sure to use GTT to place a stop-loss whenever you buy a stock. As you gain experience and start making money, then gradually increase this 1% number.
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