After Day 0 of analysis- Day 1 of observation on night 1 I studies all types of possible orders like BO, CO, AMO, et cetera along with triggering possibilities like SL, SL-M, Market Price and others.
On Day 2, out of the 3 predictions I made on day 1 ZERO was successful. Neutral meaning neither SL hit nor target and failed meaning opposite direction/trend to what I expected and predicted. So overall, two failed and one was neutral-
| Infratel | Neutral->Failed Prediction |
| Vedanta | Neutral Prediction |
| Kotak | Neutral->Failed Prediction |
Day 2 was the day I made my very first trade which I intended to test ‘Online DIS‘ where I short a trade and then let it square off automatically by the end of the day by the system.
On Day 3 of active trading session I plan on to test the margins and leverages provided by Zerodha and how the deductions work for an intraday trade. Here is what happened-
| Symbol | Trade time | Order ID | Trade ID | Type | Qty. | Price |
| AXISBANKNSEOnline DIS | 2020-06-05 13:49:20 | 1000000011123683 | 3729460 | SELL | 1 | 397.10 |
| AXISBANKNSE | 2020-06-05 15:22:20 | 1000000014780691 | 5170247 | BUY | 1 | 406.50 |
To test (hence bought only 1 share) the auto square off on short sale (sold/short by me initially and let system square off automatically at 03:22 pm to be exact) I bore a loss of 397.10 – 406.50 = -9.4 and this was the exact deduction from my total account fund the following night. According to the Zerodha brokerage calculator, I should have been charged “Net P&L-9.72” and I received a contract note cum tax invoice on my mail with a final charge of “(9.74)” instead of 9.72 which their online calculator suggests – this is because the online calculator does not include ‘Stamp duty as per the state of residence’ [0.002% on traday EQ] which explains the difference of 0.02 (it comes out to be 0.16 to be exact in my case). But the real deal is that my current balance the next day is not 10,000 (the amount I initially loaded) – 9.74 = 9990.5 but instead ₹9,931.27 instead. So a difference of “59.23” is still missing of which I still have not found any email invoice or charge.
After searching a bit more, I found-
“Auto square-off(Call and trade) charges of Rs 50(+GST) apply for each order squared-off by our system. It is recommended that you close your open intraday positions before the above mentioned time.” here. So lessons learned- “Close your own trade don’t let the system auto square off for you”. (Experiment successful I guess xD)
Now for Day 3- I plan to continue observing NIFTY50 and also enhance my ‘opportunity universe’ to stocks that I would like to study fundamentally personally (and also stocks with less cost of each stock so I can keep experimenting more with minimal losses xD)
Affiliate prime membership- https://amzn.to/2H0ZIIm
