Stock trading discussion

As the title suggests. This thread is dedicated to stock traders of the forum to discuss everything related to the stock market, stock trading, broking, etc. and everything in between.

Normal forum rules apply when posting.

Disclaimer: Follow any financial advice given here at your own risk. Digit or any member here is not responsible for any loss that may occur due to following financial advice here. Caveat emptor.

Can anyone recommend me a brokerage account to keep us based stocks. I have merrill lynch but its gonna expire in around 9 months. I wanna transfer all my stocks to some other brokerage with minimal fees

I use Zerodha. They provide a pretty nifty app and enrollment is a easy and straightforward process.

Thanks for making this thread. Can be useful.
Anyway, so here's a short story of my involvement in trading.

I wanted to start my investing/trading journey since atleast 4 years now. But when sh!t hit the roof in 2020, I finally entered the world of investing/trading in July 2020 after I created a Zerodha account. I knew going in that it's very easy to loose money in trading, so I only started with 10k. And also put similar money in Mutual funds. I also got lucky with my first IPO when I was able to book good profit in Mazagon IPO.
While the money in MF kept growing thanks to bull market up until February 2021, I lost my trading money (10k in just brokerage alone) when I discovered I could use "margins". That's when I realize I can't bet on random stock. So I stopped trading until and started to listen to good YTers like Invest Aaj for Kal.

So my question is, who knows this guy, "Anant Ladda"? And do you guys trade (intraday or short term like few days)?

Nerevarine said:
Can anyone recommend me a brokerage account to keep us based stocks. I have merrill lynch but its gonna expire in around 9 months. I wanna transfer all my stocks to some other brokerage with minimal fees

Till now the only exposure to US stocks is Parag Parikh Flexi Cap funds. It's a good fund. Although I do want to own a piece of Tesla. Been thinking about getting a way to invest in US based stocks too. Especially since we can buy fractions of a US stock too unlike Indian stocks.

* My mentions are not recommendations. Do your own research before investing.
^ I think I would need to add this disclaimer in every post here too.

Vyom said:
do you guys trade (intraday or short term like few days)?

TBH I am pretty new to investing in stocks myself. I just bought some stocks based on feedback from some members like @thetechfreak and @Faun in the new telegram group.

Vyom said:
* My mentions are not recommendations. Do your own research before investing.
^ I think I would need to add this disclaimer in every post here too.

I have already added a disclaimer in the OP, so I think it applies to all posts in general.

Vyom said:
Till now the only exposure to US stocks is Parag Parikh Flexi Cap funds. It's a good fund. Although I do want to own a piece of Tesla. Been thinking about getting a way to invest in US based stocks too. Especially since we can buy fractions of a US stock too unlike Indian stocks.

* My mentions are not recommendations. Do your own research before investing.
^ I think I would need to add this disclaimer in every post here too.

If you want to buy USA stocks directly you can try vested. Not very worth for low volume purchases considering the cost but definitely worth in long term.

Alternative would be invest in Motilal Oswal N100 ETF. Read more here. It comprises of 100 USA stocks(with different weightage) and you can directly invest from Zerodha or whichever broker you use. Would suggest medium level investment on this at best (10-15% of porfolio) as sometimes these ETF have less volume and so you may have liquidity issues when looking to sell/cash out.

Can anyone recommend me a brokerage account to keep us based stocks. I have merrill lynch but its gonna expire in around 9 months. I wanna transfer all my stocks to some other brokerage with minimal fees

Use Zerodha or Angel broking. Send me a PM if you want a referral for Zerodha

*support.zerodha.com/category/tradi...investing in stocks,funds is the easiest way.

Nerevarine said:
*support.zerodha.com/category/tradi...investing in stocks,funds is the easiest way.

Yeah you can't directly invest. That's why I suggested the ETF that holds these equities. Read about the ETF from the official presentation here: *www.motilaloswalmf.com/Pdf/Products/equity/1138148834N100-March-2019.pdf

@thetechfreak Have you invested with any SIPs? I am looking at the ones you have suggested on smallcase but the upfront cost seems a bit too steep for me.

Desmond David said:
@thetechfreak Have you invested with any SIPs? I am looking at the ones you have suggested on smallcase but the upfront cost seems a bit too steep for me.

No currently not doing SIP as I can manually manage the stock portfolio(and have the time). I thing for time constricted individuals it's good to do SIP on a few mutual funds and pick stocks (on a monthly or quarterly basis) and keep adding.

IRCTC tanking hard right now. Hope you guys exited fast if you've invested.

Desmond said:
IRCTC tanking hard right now. Hope you guys exited fast if you've invested.

Govt. last night declared to take 50% profit from IRCTC convenience fee.

As a result, it tanked almost 20% in morning.

The mandate was reverted by noon, and it recovered thereafter.

b/w its bound of correct further as its valuation very high now, unreasonably high.

rhitwick said:
Govt. last night declared to take 50% profit from IRCTC convenience fee.

As a result, it tanked almost 20% in morning.

The mandate was reverted by noon, and it recovered thereafter.

b/w its bound of correct further as its valuation very high now, unreasonably high.

Stock manipulation at it's finest this. Any other company if they did something this dire would've been instantly placed into ASM list by SEBI

rhitwick said:
Govt. last night declared to take 50% profit from IRCTC convenience fee.

As a result, it tanked almost 20% in morning.

The mandate was reverted by noon, and it recovered thereafter.

b/w its bound of correct further as its valuation very high now, unreasonably high.

Due to the split decline...Price will adjust accordingly

shreeux said:
Due to the split decline...Price will adjust accordingly

after split it was around 900 after closing, price dropped to 650 after the news and rose back up after govt. changed the directive.

I just checked my portfolio and I now have 15 stocks of IRCTC despite having sold my stocks last Friday. Perhaps the split stocks finally got added to my account.

Desmond said:
I just checked my portfolio and I now have 15 stocks of IRCTC despite having sold my stocks last Friday. Perhaps the split stocks finally got added to my account.

yeah you had the stocks on the record date so. Rest take a few days to be added and now they are.

So is it worth holding now? Govt order has been reversed so surely this will bounce back right?

Desmond said:
So is it worth holding now? Govt order has been reversed so surely this will bounce back right?

Might see a dump on Monday now that everyone got their "extra"/split shares. Govt will definitely look to get some % of the revenue now in future.

Guys what will you suggest Zerodha or Upstox?

I don't really know about Upstox, so I don't really have any opinion about them. I personally use Zerodha though and I think they are pretty good.

pkkumarcool said:
Guys what will you suggest Zerodha or Upstox?

Zerodha has stuff segregated in multiple products, like kite for stocks & so on. Good UI.

Upstox's new UI is good actually compared to the older one. But upstox has demat transaction charge of like ₹21/22 for every sell order (not sure of intraday, but talking about normal delivery trading) vs ₹15 with other brokers. So now, I'm using Zerodha for all stock trading.

I found Groww's UI to be the best easily, others are not close, esp for casual traders. It has some brokerage for every transaction, buy or sell whereas other 2 just charge you the taxes for delivery trade. If you won't be trading much, I'd recommend Groww because of 0 AMC. It has direct MFs as well and I'm using it for my MFs.

So decide for yourself. My recommendation is Groww for small traders & Zerodha, if you will be investing a lot of money.

Groww takes 20INR or 0.05% which is lower. So unless you do less than total 15 buy or sell(orders) with it its better to get something robust like zerodha or Angelone.

Also, almost once ever week I hear groww users face different issues on Twitter. So that's that. One of them being platform going down when market tanks and people unable to sell their holdings.

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thetechfreak said:
Groww takes 20INR or 0.05% which is lower. So unless you do less than total 15 buy or sell(orders) with it its better to get something robust like zerodha or Angelone.

Also, almost once ever week I hear groww users face different issues on Twitter. So that's that. One of them being platform going down when market tanks and people unable to sell their holdings.

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Ok this is a very serious problem. One should consider Zerodha only.

rockfella said:
Ok this is a very serious problem. One should consider Zerodha only.

Lol, no. You haven't seen the brokerage charges of traditional ones like ICICI, HDFC, Axis demat, etc. Groww's brokerage is reasonable for 0 AMC (those banks take AMC as well).

As I said earlier "Groww for small traders & Zerodha, if you will be investing a lot of money". I used Groww to start my trading journey, now using Zerodha. Few of my friends use Groww & it is enough for the few thousands they invest in a year in stocks directly.

Full brokerage services tend to have way many features compared to Groww though including access to sophisticated trading s/w as well(which both groww and zerodha). In any case user ends up paying way more on Groww unless say they trade literally less than the number of fingers we have. Not to mention the number of "glitches" I see popup on twitter at all times during trading hours (although zerodha does have outages too but significantly rarely).

Anyways, platform is upto preference. Just listing the pros and cons before one puts their hard earned money. Also, if anyone needs a refferal on zerodha do post here. It will benefit us both

I'm currently looking to open a basic demat account in JPMorgan,Goldman Sachs or Credit suisse. I can't find any information on their website. But they are listed as depository participants.

Cyberghost said:
I'm currently looking to open a basic demat account in JPMorgan,Goldman Sachs or Credit suisse. I can't find any information on their website. But they are listed as depository participants.

Probably as their clients are inhouse(or foreign) and it's for their own investments if I were to guess(and don't have direct retail customers in India).

omega44-xt said:
Lol, no. You haven't seen the brokerage charges of traditional ones like ICICI, HDFC, Axis demat, etc. Groww's brokerage is reasonable for 0 AMC (those banks take AMC as well).

As I said earlier "Groww for small traders & Zerodha, if you will be investing a lot of money". I used Groww to start my trading journey, now using Zerodha. Few of my friends use Groww & it is enough for the few thousands they invest in a year in stocks directly.

I have heard good things about Zerodha. I don't trade at all

Do you guys invest in IPO(s) ?

Zangetsu said:
Do you guys invest in IPO(s) ?

I do. Some are really good, but sometimes even though the company is good, negative market sentiment might bring the shares down, like for CarTrade.

Zangetsu said:
Do you guys invest in IPO(s) ?

Got a few this year. Holding even though some companies gave listing gain. Although Zomato I did sell day 1

omega44-xt said:
I do. Some are really good, but sometimes even though the company is good, negative market sentiment might bring the shares down, like for CarTrade.

CarTrade also I'm holding but with the premium valuations they listed not sure if we will go into profit anytime soon with the stocks(especially with the bad quarter they had). One redflag is their IPO was 100% OFS from what I remember, so mostly promoters cashing out good chunk

thetechfreak said:
Got a few this year. Holding even though some companies gave listing gain. Although Zomato I did sell day 1

CarTrade also I'm holding but with the premium valuations they listed not sure if we will go into profit anytime soon with the stocks(especially with the bad quarter they had). One redflag is their IPO was 100% OFS from what I remember, so mostly promoters cashing out good chunk

I booked some loss for CarTrade on listing day. Recently entered back in it. As it is a profitable company + good institutional investors, hoping shares will rise with time.

Hi guys!
Great discussions going on here!
I have been thinking to get into trading for very little amounts to learn about this. This will take time since I am new to this. But first thing I want to learn is how would I pay tax once I earn money. Say I earn Rs.1000, do I need to declare this as other income on Income Tax portal?
Note: I earn more than 5LPA and have already declared my MF investments on my office web portal.

Can someone comment on smallcase investment. Are any of you guys using it?

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jackal_79 said:
Can someone comment on smallcase investment. Are any of you guys using it?

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Its a combination of direct trading + convinience of MF funds.
Good for those who want to have control over what stocks they want to, but don't want to track individual stocks, or dont have time to do so.

Personally, I don't use smallcase. I invest in MF for long term, and do direct stock swing trading.

Vyom said:
Its a combination of direct trading + convinience of MF funds.
Good for those who want to have control over what stocks they want to, but don't want to track individual stocks, or dont have time to do so.

Personally, I don't use smallcase. I invest in MF for long term, and do direct stock swing trading.

How do you declare your income from swing trading while filing tax? Please point me to some helpful resources.

Last time I was talking here about the stocks for really small period, I actually meant trading stocks :ashamed:

I just forgot the word trade that time and discussion went somewhere else

I have a CA who does this for me. I just give him the equity statement from Zerodha and he calculates and tells me my tax liability.

Desmond said:
I have a CA who does this for me. I just give him the equity statement from Zerodha and he calculates and tells me my tax liability.

If you don't mind can you advice how to download that?

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I use 3rd parties like ClearTax.
It just lets upload the CDSL statement and sort out which ITR to file, and what cost it would take. It cost me Rs 700 for the last Financial year I filed tax for.

Vyom said:
I use 3rd parties like ClearTax.
It just lets upload the CDSL statement and sort out which ITR to file, and what cost it would take. It cost me Rs 700 for the last Financial year I filed tax for.

Hi, I use 3 brokers. But the depository is nsdl. Is it possible to download a statement for last financial year for all brokers?

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jackal_79 said:
If you don't mind can you advice how to download that?

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Login to Kite, go to console: Kite - Zerodha's fast and elegant flagship trading platform

Mouse over "Reports" then click "Tax P&L". Enter the date range and then download the report.

Desmond said:
Login to Kite, go to console: Kite - Zerodha's fast and elegant flagship trading platform

Mouse over "Reports" then click "Tax P&L". Enter the date range and then download the report.

Thanks. Will check it out.

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I have another query. Say I want to transfer my shares from one stock broker to another. How do I do that?

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I have never really tried it but IIRC your stocks belong to you and are stored in the depository. So, in theory you should be able to switch brokers for the same stocks. But again, I have never tried this so I don't know whether this really is possible or not.

jackal_79 said:
I have another query. Say I want to transfer my shares from one stock broker to another. How do I do that?

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How to transfer shares from the other broker to Zerodha?

omega44-xt said:
How to transfer shares from the other broker to Zerodha?

Thanks!

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