Why is it even called traders control? This has been designed from brokers perspective & not traders. Why is the over trading limit set to 15 trades? Being a trader in the learning phase its hard to have control over your emotions.
A better option to all of this is a hardcore mechanical kill switch that turns on immediately if the loss limit has been met. For example if I have set my maximum daily loss limit to ₹2000 then if my total loss for the day is at 2000, my position should be squared off entirely & all the stop or target orders cancelled. A hard stop to trading. Yes as a trader it is my responsibility to keep my emotions in check but that one day happens when every trade goes against you & you start trading on tilt. So if you are looking from traders perspective & really want them to improve I think such kind of a feature should be implemented.
The traders control that is being provided right now is literally not working for me atleast, except the kill switch option but that’s the point when we are on tilt we realize that we should have stopped trading for the day a long ago, how am I going to remember to turn on the kill switch when all I want is to make my lost money back or am trading in greed.
Yes it is my responsibility to keep my emotions in check but having the mentioned feature would be helpful to many traders not just me. Loss limit met, trading for the day stops automatically immediately, isn’t it a good thing for a trader.
If the trader is doing well and improving it will be helpful to Dhan as a broker ultimately. I really want to see this happen. So please do consider.