Streak is useful to Options traders as it offers a bunch of features which is very useful for traders and that can increase their profitability level. New traders can also use the Paper trading feature offered by Streak to learn and practice new strategies without risking their real capital.
Zerodha Streak-
Streak is a platform by Zerodha that offers many features like, Building your own Options trading Strategies without coding, Algo Trading, Paper trading, etc.
Streak is useful for Options traders and analysts who analyze stocks and indices with many parameters.
There are a lot of features offered by Streak that can be useful, some of them are-
- Streak lets the users make strategies without the need for coding.
- Streak provides a lot of technical indicators and scanners that help you to filter out stocks according to one’s needs for trading & Investing.
- Streak provides the option for paper trading which is useful for new traders and also for seasoned traders who want to test new strategies or alter some existing strategies. Paper trading lets you trade in the live markets without deploying any real money.
- Streak also lets you create numerous baskets of stocks for backtesting & Trading simultaneously.
- Any desired parameters for Entry & Exit of any trade can be added by the user.
- Streak lets you execute orders in its terminal itself without having to go to the broker’s software. It is mapped through the broker that lets you enter and exit positions On the Go with the Mobile application or the Web browser.
All these features make streak a very useful tool for active Options traders. If you find any of the above points useful for you then Streak can be helpful for you. Investors can also be used it to Hedge their Portfolios.
Streak might not be useful for-
- People who don’t actively trade in Option or Derivatives might not find Streak of much use.
- Investors with a small portfolio( Less than 1-2 lakhs) might also find Streak not that useful as to hedge such a small portfolio.
Conclusion-Hence now we can see that Streak can be useful to most of the Derivative traders who actively trade in live markets. It can also be useful to those who are looking to trade but don’t want to risk all their capital. They can use the “Paper Trading” feature in Streak to apply and learn new strategies in the Live Market without risking their hard-earned capital. Mature traders can use the Algo trading offered by Streak to automate their job to some extent so that they don’t have to be glued to their screens all the time.