Streak mainly focuses on 3 aspects of Options trading which are- Strategies, Technicals, and Scanners. One can create, backtest and deploy option strategies directly from Streak and monitor them in real-time. I have been using Streak for the last month and my experience is mentioned below.
Streak is an online trading platform that lets you, Create, Backtest and Deploy the Options Strategies in the markets in Real-Time. Streak was started in 2018 and it focuses on 3 main components of trading which are-
On the other hand, the advanced version of the Strategy builder lets you make any amount of complex strategies without any boundaries.
I have been using Streak for the last month and found out some major uses of it. I use Streak mainly for scanning stocks, building and deploying strategies based on the scans with the help of one single click from Streak itself. As my account is mapped with my broker, I can execute any strategy directly from Streak and monitor my positions from Streak in real-time. This way I don’t have to switch to and fro to check my MTM or the technical chart of the underlying.
Another feature that I liked in Streak was the paper trading feature. In paper trading, one can build and deploy option strategies on the Live market without risking any real money. Your Profit & Losses will be virtual but this helps a lot while testing new strategies and planning better Entry & Exit.
An added advantage in Streak is that you can monitor your position from multiple devices, which means you can download the Streak Mobile application and get access to all the features present on the Web application. You can also enter into new positions or square off the existing positions on the go from the mobile application.
Now talking about the downsides of Streak, One main problem is that while placing an order directly from Streak, one can face a delay of a couple of seconds which can be a problem while exiting positions as that can affect the overall profitability in short duration trades.
Apart from this, there were no major problems in the platform as such. Streak makes the process of trading quite easy and systematic as one can set the Stop loss and target and forget the position. It automates the trading process to quite some extent and reduces the total monitoring time.
Zerodha Streak was launched; it was completely free, but not anymore. Right now, you need to pay a fee for using the Zerodha Streak.
Streak is an online Options trading and Algo trading platform introduced by Zerodha in 2018. it was Free at the time of launch to Zerodha users but that was a limited-time offer and soon Streak started charging for subscriptions also for Zerodha users. But Zerodha users get a 7 day free trial period on Streak posy which one will have to choose a plan as per their needs to continue using Streak.
Head into your Zerodha Streak account, then click on the create option, following which enter all the fields of your choice. Click on the finish button to execute the scrips in your trading strategy.
Streak is an online Options trading platform that helps Derivative traders to, create, backtest and deploy their own option strategies in the live market. Streak also provides Algo trading to its users without the need for any coding. This automates the process of trading to a large extent.
Zerodha is one of the best discount brokerage firm based in India. It provides a wide range of financial services to investors and traders.
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
To login Zerodha Kite, you have to enter your Login ID and password. Before that, you must have a demat and trading account with Zerodha to have complete access to its stock trading platform.
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Interactive Brokers & Zeodha are two Brokers from the Discount Broking community but both are quite different from one another in terms of Features and Working. One is an Indian discount Stock Broker whereas the other is a U.S based Discount broker that has its branches in many countries. Let's look at them in depth below.
You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.