Covid-19 induced lockdown has brought close to three crore new investors to the stock market, who have opened demat account with the depositories. They are riding the bull wave that is currently on in the market but are clueless about their long-term journey. For such investors, there is a piece of good news.

Samco Securities, a part of the Mumbai-based Samco Group, has launched ‘KyaTrade’ - an instant trading ideas and recommendations app that livestreams fresh, actionable, and high-conviction equity trading and investment ideas that come with a favourable reward-risk ratio. These are high-conviction ideas curated by Samco's research experts along with solid machine-led execution strategy, the company said in a statement.

The Samco Group is a fintech start-up and is one of fastest growing companies in India’s Discount Broking sector, with over 1.10 lakh customers.

Starter pack at Re 1 for first month

KyaTrade has different solutions for investors and traders in the markets because both kinds of participants have completely different portfolios, risk profiles and objectives. Subscribers can experience both intraday and investment plans of KyaTrade at just Re. 1 for the first month.

Jimeet Modi, Founder and CEO, Samco Group said, “Investors and traders are always looking for expert recommendations and once they’ve taken a market position, they rarely know the next step on their trade or investment. With KyaTrade we are solving exactly that problem.”

KyaTrade can only be accessed by opening an account with Samco Securities Every trade on the app comes with an end-to-end trading strategy and execution, from buy to sell with target and strict stop-loss prices Brokerage of flat Rs. 20 per order across all segments, company statement claimed.

Describing KyaTrade’s capabilities, Nirali Shah, Head of Equity Research, Samco Securities said, “Profiting from the stock markets is no easy task. One is competing with high-frequency and algo-traders for whom this is bread and butter. It could be as easy or as difficult as picking the right stock at the right time and making it a profitable investment or trade.”

The KyaTrade App gives high conviction ideas with auto in-built risk management system, that controls your price of entry, position sizes, targets, and stop losses. “Moreover, we have different strategies for traders and investors making it a win-win for all,” Shah added.

Who is KyaTrade is suitable for?

KyaTrade has two subscription plans with an ‘Intraday Plan’ for daily traders and an ‘Investment Plan’ for investors.

Intraday Plan

This is suitable for serious traders only, who are willing to dedicate their time to market trading hours daily from Monday-Friday 9.15am to 3.30pm. The minimum starting capital recommended for this plan is fixed at Rs 2 lakh, which is strictly recommended for professional traders, the company said in statement.

The Intraday Plan provides unlimited access to high conviction intraday trading ideas. KyaTrade recommends 5 to 20 trading ideas on the app each day depending on market volatility. These ideas and recommendations on the app come with a 2:1 reward-risk benefit and a 50 per cent accuracy. Fresh trading ideas in equity cash, will add other segments in near future, company said.

This plan is available in both monthly and annual subscription at a price of Rs. 1,500 and Rs 9,000 respectively. The company also claimed 100 per cent refund of the annual subscription fees, in case the user doesn’t make money in 100 equated trades on investment plan recommendations.

Investment Plan

Under this plan, KyaTrade recommends 15 to 20 investment ideas at any given time when the stock exhibits various signs like breakouts or breakdowns, changes in holding patterns, etc. Investment ideas and recommendations on the KyaTrade app comes with a 4:1 reward-risk benefit and a 70 per cent accuracy. Monthly and annual subscription for this plan is Rs 1,000 and Rs 6,000 respectively.