Zerodha introduces 'privacy mode' on Kite to curb overtrading and hide sensitive information
Zerodha has introduced a new privacy mode feature for its website, where users can secure details, profit and loss (P&L) and other sensitive information.
Zerodha says the feature will help investors not to overtrade as constantly seeing real-time changes in the P&L can often be distracting and may be tempting to overtrade.
«Our focus at Zerodha has always been to help people do better with their money. That can be in the form of warnings and nudges that help clients improve their odds of winning when trading or launching features that can help avoid overtrading,» the broker said in a blog.
The temptation to place too many trades, especially when things aren’t going well, can lead to a vicious cycle of losses. To help users avoid the dangers of overtrading, it introduced Kill Switch, which allows users to instantly disable one or more segments on Kite, forcing investors to take a break.
As the next step, Zerodha brought in the virtual contract note on Kite, which shows charges for all the orders placed during the day, allowing traders to get a complete view of their charges during the day and help them make more informed trading decisions and encourage traders to be more mindful of their trading activity.
Now, with the privacy mode on Kite, users can easily hide all these values, helping to focus on trading strategy without getting caught up in the day-to-day fluctuations of the account.
This feature is also useful in situations where users are showing their screen to friends or family and want to keep
