Incorporated in 2010, Zerodha is an Indian financial services company which operates on technology and discount pricing model. Zerodha offers retail and institutional broking, commodities trading, currencies, bonds, and mutual funds. Zerodha 60 day challenge offers traders an opportunity to test their trading skills while dealing in equities, currency, commodities exchange. This challenge intends to serve as a reminder to traders that their efforts need to be recognized. This challenge is to make the maximum profit at the end of 60-days of trading while trading in equities, futures and options, currency and commodities.
Also Read: Most popular Expert Advisors for Zerodha Pi
Advantages of winning the Zerodha’s 60-day challenge
The winner of the Zerodha 60 day challenge is entitled to the following:
- Brokerage Refund
The winner of this challenge is entitled to a 100 percent brokerage refund levied on their trading account during these 60 days.
The winner also gets a certificate of recognition and achievement, the addition of their name to the winner’s page on Zerodha’s online portal, and a post dedicated to the winner on Zerodha’s social media pages. See certificate sample below:
- Pro-trading opportunity
The winners of the 60-day challenge also get an opportunity to become a full-time professional trader at Zerodha or any of its associated hedge funds.
How to win Zerodha 60-day Challenge
Winning the Zerodha’s 60-day challenge has a simple requirement, making the highest gains while trading on the platform during the 60 days. Here are some strategies you can adapt to make the maximum gains and win the 60-day Zerodha challenge.
Research oriented Investing
It is vital for that you do your research before making an investment decision. Doing your research helps you to understand the risks involved in investing and helps you to be on the safer side of the market. Then, you need to know whether it possible or viable an investment in the short-term.
While investing, it is essential that your investment decisions are made by research and not guesswork. While guesswork and flukes can be successful in a one-off trade, it cannot be a success in every trade and can lead to substantial losses on your investment.
Follow the Trend – Look out for Moving Averages
A moving average can be referred to the average price of a stock during a specific period. For short-term investment, you can use the 5-day, 10-day, 15-day moving average. The moving average of stock helps you to understand the price trend of a stock, i.e. whether the stock is moving upwards or downwards. You should look to invest in stocks, you should select a stock with an upwards slope, and if you are looking to short-sell, you can look for a stock with a flat or downward slope.
Understanding the Overall Patterns and Cycles
Traditionally, markets operate in cycles and patterns, which makes it vital for you to analyze in which phase of the cycle the market is presently in. You can use these cycles to your advantage and make your investment and trading decisions accordingly and decide whether to enter the market in a long or short position.
Look out for Major Events
It is essential to look out for upcoming significant events which can influence the price of a stock. Events such as company results day, RBI Policy declaration, election results, major announcements made by the company etc. can cause shares of the company to rise in the short-term, making it apt for the making a short-term gain.
To conclude, to win the Zerodha 60 day challenge is as simple as making a wise investment decision. While making an unwise decision and making investments on guesswork can cause losses for you, you can make a wise investment and trading decisions by doing your research, watching out for moving averages, major upcoming events and understand the current cycle the stock market. Not only this will help you win the Zerodha 60 day Challenge, but also make substantial gains on your investment.