Zerodha, India’s leading stock brokerage firm, has launched a new feature on its trading platform, Kite, aimed at helping traders maintain focus and avoid the pitfalls of overtrading.
The newly introduced “Privacy Mode” allows users to hide real-time changes in their profit and loss (P&L) statements, reducing the temptation to overtrade and helping traders adhere more strictly to their strategies.
Overtrading has long been a challenge for traders, particularly when faced with losses that create a psychological urge to “win back” money by placing additional trades.
To address this issue, Zerodha previously introduced the Kill Switch feature, enabling users to disable certain trading segments instantly, forcing a necessary break.
This was followed by the Virtual Contract Note, which provides a detailed view of daily trading charges, promoting more informed and mindful trading decisions.
Privacy Mode is Zerodha’s latest innovation in this ongoing effort.
By allowing users to hide P&L values, the feature encourages traders to focus on their strategies rather than the emotional swings associated with seeing real-time gains or losses.
This can help mitigate impulsive trading decisions driven by short-term market movements.
In addition to its core function, Privacy Mode offers a practical benefit for traders who wish to keep their financial information private when sharing their screens with others.
Enabling Privacy Mode is simple: users can activate the feature by clicking on their user ID and toggling the Privacy mode button.
As of now, Privacy Mode is available only on the Kite website, but Zerodha assured users that it is working on extending this feature to the Kite mobile app in the near future.
With this latest update, Zerodha continues to solidify its commitment to helping clients trade more effectively by providing tools that promote better trading habits and financial mindfulness.
