How to do Virtual Trading in Zerodha for Beginners in Stock Trading? - YouTube

Channel: Indrajit Mukherjee

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I started trading I made loss; I started trading I made loss.
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I started trading, I made loss.
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This is the story that I always used to hear.
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I receive whatsapp messages from you guys that sir, I鈥檓 not being able to make money.
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Sir, I have started trading with a lot of money, but I have lost all of them.
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Sir, I have started trading in the futures and options and I have found that all my money
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has gone.
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But these types of mistakes actually can be; you can overcome them.
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How to overcome them?
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Trade virtually.
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This is the solution.
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Start trading virtually without any real money.
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Practise your trades without in the virtual platform.
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So I have already shown you how to trade virtually in the IQ options website.
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So if you have not seen that video, I鈥檒l be giving you link of that video in this video
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description.
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So you can watch that and you can find out how to practise trades using indicators on
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the virtual trading platform on iq options.
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But many traders have asked me, Sir iq options is not Indian.
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So, how to trade with Indian symbols?
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So, I鈥檝e made a new video.
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Because I have already told you that if you are facing any problems, if you want to have
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something ask me in the comments.
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So this time I am going to make video on the virtual platform on the Indian market.
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That is Sensibull.
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So, you can see how you can trade virtually without using any real money in the Sensibull
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platform.
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So, I鈥檒l be taking you to the Sensibull platform.
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But before that let me tell you to subscribe to my channel first.
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So friends, I am now opening a browser window.
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So here I鈥檒l be going first to the Sensibull website.
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So in the Sensibull website, we have an option to trade virtually without any real money.
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So I鈥檒l be going to Sensibull.
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I have got a link of Sensibull.
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So it is bit.ly/sensibull1.
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So if you cannot remember this link I鈥檒l also give you link in this video description.
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So, let me go to this link.
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So you can see I鈥檓 doing redirected to the sensibull website.
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So by default, I鈥檓 on the strategy build up page.
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We are being redirected to the strategy builder page.
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So you can see this in the strategy builder page.
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And there is a virtual trade section.
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So you need to go to this virtual trade section.
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So once you are into this virtual trade section, you can see here is the option to log in to
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continue.
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So you can log in with these brokers.
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So zerodha, 5paisa, Alice blue, motilal oswal, icici direct and iifl.
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Out of these I am partnered with zerodha, 5paisa, Alice blue and iifl.
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So if you want to open account with any of these brokers you can get the account opening
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links in the video description.
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From there you can open account with any of these brokers and you can start trading virtually
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in any of these sensibull platforms.
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So here as the name of the video was how to trade virtually in the zerodha platform, I
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am showing you the demo with zerodha.
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So I鈥檓 clicking on the zerodha option.
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So it will ask for login.
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You can see, it has logged into my zerodha account automatically.
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So you see already I have taken the virtual trade.
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So I have made some profits in the virtual trade.
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So the profit is Rs 10875.
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So if you click on that you can see the virtual trade.
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I鈥檝e actually created a nifty long trade setup today itself.
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If you see the orders, if you see the order, if you click on the edit you can see today
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itself, on 28th of September I have traded on the nifty11200 call option 1st October
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series.
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I have traded 1500 quantities, at the price of 85, I鈥榲e bought and then I have sold
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it at 92.25 on the same day.
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So I bought it around 1343.
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So at 43 mins past 1pm and then I have sold at 1513.
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So, that means it is after 313 pm.
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So I have sold it.
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So I have made a profit of 10875.
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But that is the virtual profit.
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Because I have not used any real money.
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So you can also trade just like that.
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So you can trade without any real money and you can test your strategies, you can test
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your strategies on this paper trading platform.
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So now, how you can test your strategies.
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Suppose you need to click on the, add new strategy.
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Suppose you will be buying bank nifty.
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You will be creating a long set up on bank nifty.
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So write BN Bullish.
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So you can write any name.
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So I am giving the name BN Bullish.
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I am clicking on add.
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So you can see the BN Bullish strategy is there.
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Now you need to add order.
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So here you can only add order on nifty or bank nifty.
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So no other symbols are available.
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You can only give orders only on nifty and bank nifty.
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So I am putting order an order on bank nifty.
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And suppose you can put order on call, put.
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So you can do buy or sell.
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Expiries are available.
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1st October, 8th October, 15th October, 29th October, 26th November, 31st December and
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so on.
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So these are all weekly expiries.
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So now, suppose I鈥檒l be buying the future.
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So, whenever I鈥檓 clicking on future.
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So you can see future is only having monthly expiry.
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So suppose I鈥檒l be buying 5 lot of bank nifty.
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5 lots of bank nifty future at current price 21753.
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So I鈥檒l be adding.
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You can see the order is there.
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Now you can actually edit, delete this order or if you feel, suppose you getting a profit
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of, suppose you are getting profit from, suppose from 21750 level the bank nifty has moved
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till 21900 or 22000level.
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You are getting good profits; you can actually click the exit option.
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You can click on exit to book your profit virtually.
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So once you book profit virtually, it will be reflected immediately on your total profit
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and loss option.
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Suppose I鈥檓 editing this order.
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Suppose instead of 21753 mark I made this order, on say 21700 mark.
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I have traded it on 21700.
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So click on update.
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And you can always see the realised profit and loss.
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So whenever you are editing or whenever the market moves up and down, accordingly it will
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be shown on your unrealised profit and loss.
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And if you now exit it will be booked and it will be coming in the realised profit and
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loss.
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So you can see the total profit and loss will be automatically updated.
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So now, I am naturally editing and deleting this order.
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Now in the same BN Bullish option I can add another order, suppose now instead of future
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I鈥檒l be buying call option.
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So the 1st October call, so the 1st October bank nifty call option I鈥檒l be buying.
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So say, bank nifty 21800 call option I鈥檒l be buying.
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Suppose I鈥檒l be buying say, 5 lots at current price is 231.
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I鈥檓 clicking on add and you can see the order.
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You can monitor here, you can edit or you can exit or book profit and loss.
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So the same, once you exit the profit or loss will be updated automatically.
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Now, I鈥檓 say, clicking on edit, and I鈥檓 deleting this one as well.
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So now I鈥檓 deleting this BN Bullish strategy.
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Suppose now, I鈥檒l be adding another strategy, say nifty bearish strategy.
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I鈥檒l be adding the name nifty bear.
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You can put any name you like and suppose here you need to add order.
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Suppose you need to add order, so by default you can see call is selected.
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So here I鈥檒l be short selling future.
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So I鈥檒l click on future and instead of buying say, I鈥檒l be selling.
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So I鈥檒l be selling.
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Suppose my total lot size is 5 and current price is 11245 and okay to short sell at current
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price.
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I click on add and you can see this order will be shown here.
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And if the market moves down or moves up, it will be shown in realised and unrealised
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profit and loss.
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So, always this section will be updated and as per the market movement.
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So I鈥檓 currently editing and I鈥檓 deleting this order as well.
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I鈥檓 clicking on delete.
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So I鈥檓 deleting this nifty bear strategy as well.
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So in this way you can test virtual trading in the Sensibull platform without using any
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real money.
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You can test your skills, you can test your strategies, your trade setups and once you
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feel confident after doing virtual trading thoroughly, you can start trading with real
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money.
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Sensibull also have real trading section, so you can trade real trading in Sensibull
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or you can directly trade on the zerodha kite also.
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So dear friends I have shown you how you can trade virtually in the sensibull platform.
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You can test trading on nifty and bank nifty futures, options.
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You can buy, you can sell, you can add multi legged options also.
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You can buy calls, buy puts or sell call, sell puts, buy futures or sell futures on
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nifty and bank nifty.
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And you can see live performance, what is the performance of your virtual trade.
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You can see it live the profit and loss.
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You will be always upgraded live.
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The notional profit and loss and the realised profit and loss will also be updated live.
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So you can have an idea, you can test your strategies, you can test your trade set ups
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in the sensibull platform, you can test your set ups from the zerodha kite platform or
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zerodha or any other charting platform and you can punch the orders on the sensibull.
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So this is how you can trade virtually.
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So there is no real money involved.
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So you can test as long as you want.
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So in this way once when you are thinking that you are now confident enough to take
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live trades, you can take live trades.
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Now dear friends, you can ask me any comments on this sensibull platform in the video comments.
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So I鈥檒l try to answer our comments and if you also want any specific video on any specific
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subject you can also ask me in the comments.
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So commenting is the only option to communicate with you guys.
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Now dear friends, if you have liked this video do hit the like button and also if you are
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not subscribed to my channel yet, I鈥檒l suggest you to hit the subscribe button.
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And also hit the subscribe button.
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And also hit the bell icon so that you can get my next video updates almost instantly.
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Because I do come up with this kind of videos twice a week.
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So dear friends, till we meet in the next video, bye, bye.