Zerodha Privacy Mode

Zerodha’s Game-Changing ‘Privacy Mode’ on Kite—Trade Like a Pro Without Distractions

Zerodha, India’s leading discount brokerage, just made a game-changing move to help traders stay focused and avoid overtrading. Introducing the all-new ‘Privacy Mode’ on their Kite platform—a feature designed to empower traders by minimizing distractions and keeping their financial data private. But that’s not all! Let’s dive into how this new feature, along with Zerodha’s other innovative tools, is setting a new standard for responsible trading.

What is Zerodha’s Privacy Mode? A Closer Look at the Latest Innovation

Zerodha has rolled out ‘Privacy Mode’ on its Kite platform, a thoughtful addition aimed at enhancing trader focus and reducing the temptation to overtrade. This feature allows users to hide real-time profit and loss (P&L) values on their dashboard, making it easier to stick to their trading strategy without getting sidetracked by daily fluctuations.

But Privacy Mode isn’t just about staying focused—it’s also about security. When you’re sharing your screen during presentations or with colleagues, Privacy Mode keeps your sensitive financial information hidden, giving you peace of mind. In an era where information is everything, Zerodha’s Privacy Mode is a must-have tool for every trader looking to stay sharp and secure.

How to Enable Privacy Mode on Kite: A Step-by-Step Guide

Activating Privacy Mode on the Kite platform is simple:

1. Click on your user ID in the Kite app or web platform.
2. Toggle the Privacy Mode button to instantly hide your P&L values.

With just two clicks, you can switch on Privacy Mode and trade with a clear mind, free from the noise of real-time profit and loss updates.

Beyond Privacy Mode: Zerodha’s Commitment to Responsible Trading

Privacy Mode is just one of the many tools Zerodha has introduced to promote responsible trading. The company’s earlier launch of the Kill Switch feature is another testament to this commitment. The Kill Switch allows traders to temporarily disable one or more trading segments, providing a much-needed break and preventing the dangers of overtrading. Once a segment is disabled, it can only be re-enabled after a 12-hour cooldown, encouraging traders to step back and reassess their strategies.

How to Disable a Segment Using Kill Switch on Console:

1. Click on Account in the Console dashboard.
2. Click on Segments and choose the segment you wish to disable.
3. Toggle the button for the selected segment and click Continue.

This simple process can save traders from the mental and financial strain that often comes with excessive trading.

Virtual Contract Note: Know Your Trading Costs in Real-Time

In addition to Privacy Mode and the Kill Switch, Zerodha has introduced the Virtual Contract Note on the Kite platform. This feature gives traders a detailed breakdown of all charges incurred during the day, helping them make more informed decisions.

Unlike a regular contract note, the Virtual Contract Note provides a clear, order-wise breakdown of brokerage, Securities Transaction Tax (STT), stamp duty, exchange transaction charges, SEBI turnover charges, and GST. It’s a comprehensive tool that empowers traders to understand their expenses better, ensuring there are no surprises at the end of the day.

How to View the Virtual Contract Note on Kite:

Kite App:

1. Tap on Orders in the Kite app.
2. Tap on Executed to see your completed orders.
3. Tap on Contract Note to view the detailed breakdown of charges.

Kite Web:

1. Click on Orders in the Kite web platform.
2. Click on Contract Note to access the charge breakdown.

With these features, Zerodha continues to lead the way in creating a safer, more transparent trading environment.

Conclusion:

Zerodha’s new Privacy Mode, alongside the Kill Switch and Virtual Contract Note, represents a significant step forward in promoting responsible trading practices. By focusing on tools that reduce distractions, prevent overtrading, and provide transparency, Zerodha is setting a new benchmark in the trading industry. Zerodha Privacy Mode, For traders who value focus, security, and clarity, these features are indispensable.

FAQs:

1.What is Zerodha’s Privacy Mode?

A. Privacy Mode is a feature on the Kite platform that hides real-time P&L values to help traders stay focused and avoid distractions.

2.How can I enable Privacy Mode on Kite?

A. Simply click on your user ID and toggle the Privacy Mode button to activate it.

3.What is the Kill Switch feature on Zerodha?

A. The Kill Switch allows traders to temporarily disable trading segments to prevent overtrading and encourage breaks.

4.How do I disable a trading segment using Kill Switch?

A. Go to Account in the Console, click on Segments, toggle the segment you want to disable, and click Continue.

5.What is the Virtual Contract Note on Zerodha?

A. The Virtual Contract Note provides a detailed breakdown of all charges incurred during the day, including brokerage, STT, and GST.

6.How do I view the Virtual Contract Note on Kite?

A. On the Kite app, tap on Orders > Executed > Contract Note. On Kite Web, click on Orders > Contract Note.

7.Why should I use Privacy Mode on Kite?

A. Privacy Mode helps you stay focused on your trading strategy by hiding P&L values and keeps your financial data private during screen sharing.

8.Can I re-enable a segment immediately after using Kill Switch?

A. No, once a segment is disabled using Kill Switch, it can only be re-enabled after a 12-hour cooldown period.

9.How does the Virtual Contract Note help traders?

A. It provides a transparent view of all trading charges, helping traders make informed decisions without any hidden costs.

10.Why is Zerodha focusing on these features?

A. Zerodha aims to promote responsible trading by providing tools that enhance focus, prevent overtrading, and ensure transparency in trading costs.

Zerodha Privacy Mode

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