How I made 1 Lakh Rupees with just Rs. 20K in two weeks
I am a trader who trade in Future and Options on a regular basis. As you know in Futures the trades happen on Lot Sizes. For e.g. 1 lot of SBI contains 3000 shares, therefore every trade happens on lot basis and not on number of shares. When i came to know that in Zerodha you can avail one lot of SBI with less than 20K for intra day in their Product option of Cover Order, i smelled an opportunity.
Below is my strategy: I only traded in SBI stock which has 3000 shares in 1 lot. contracts I use to buy 1 lot of SBI and used to sell it as soon as i get 20 to 30 Paisa profit (0.2 to 0.3 Rupees) and i repeated this cycle of trade many times, like i used to do this 15-20 times per day. Difference Now getting 20 to 30 paisa per trade should not be difficult for anyone i between futures and options suppose. It was just an easy cake for me to repeat this process as many times i wanted without taking a big risk. Below is the calculation of how much profit i made. I am taking 20 paisa as profit and number of trades= 20 times.
Let see how much profit i make. 1 lot of SBI = 3000 Shares. Profit of 0.20 paisa per lot = 3,000 * 0.20 = Rs. 600 /- Now when i do this trade 20 times, The Total Profit = 20 * 600 = 12,000 /-
But wait a minute, where is the brokerage and taxes, so here is the calculation. Now when we calculate the brokerage using Zerodha’s Brokerage calculator : Zerodha offers lowest brokerage that is only Rs. 20 whereas other broker would have charged RS. 600-800 on just 1 Lot. Combing Brokerage and taxes comes at Rs. 165 only in Zerodha per trade. Therefore Total Brokerage, is Rs 165 per trade on 1 lot of SBI. So, Total Brokerage for 20 trades = Rs. 20 * 165 = Rs. 3,300 /- Actual profits = Total profits – Total Brokerage = Rs. 12000 – 3300 = Rs. 8,700 /- By doing this strategic trading, i converted my Rs. 20,000 into 1 lakh rupees in just 2 weeks. This was possible only with Zerodha. What are you waiting for, Click here to join Zerodha and start making profits.