निखिल कामथ की जीरोधा ने ओवरट्रेडिंग को रोकने और उपयोगकर्ता डेटा की सुरक्षा के लिए काइट पर 'प्राइवेसी मोड' फीचर लॉन्च किया | भारत व्यापार समाचार

Zerodha, a brokerage firm,has introduced a new feature called ‘Privacy Mode’ on its trading platform, Kite. This feature is designed to help users secure sensitive information and minimise the temptation to overtrade by concealing real-time Profit and Loss (P&L) updates and other critical data.

Why privacy mode on Zerodha’s Kite?

Overtrading is a common pitfall among investors, often leading to significant financial losses.The constant monitoring of real-time P&L updates can be both distracting and emotionally taxing, pushing traders to make impulsive decisions. Understanding this challenge, Zerodha aims to create a more disciplined trading environment through its Privacy Mode feature.
“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 company stated in a recent blog post.

Features of privacy mode

Privacy Mode on Kite allows users to hide crucial financial details such as real-time P&L, total account balance, and order details. This feature is particularly meant to be useful for those who prefer to focus solely on their trading strategy without being influenced by the fluctuations in their account balance or daily profits and losses. Additionally, it offers a layer of security when sharing your screen with others, ensuring that your sensitive financial information remains confidential.

How to activate privacy mode on Kite

Earlier, the company launched the Kill Switch feature, which allows users to disable one or more segments on Kite temporarily. This feature acts as a safeguard against impulsive trading, encouraging users to take a break and reassess their strategies during periods of poor performance.
Additionally, Zerodha introduced the Virtual Contract Note feature on Kite. This tool provides traders with a detailed overview of all charges incurred during the day, fostering greater transparency and helping users make more informed decisions about their trading activities.