SAMCO Launches Season 2 of the Indian Trading League ®
SAMCO enhances the trading experience and performance tracking with Launch of it's ITL Medals program.
Mumbai, April 28, 2016 (Newswire.com) - SAMCO, one of India’s fastest growing discount brokers today announced the Launch of the Season 2 of the Indian Trading League ®, India’s first and only real stock market competition. In addition, it announced the launch of its ITL Medals program withnew, intituitve and motivational features to help traders and investors get better and improve their returns and strategies in the Stock Market.
The Indian Trading League ® is making it easier for individuals to achieve better trading and investing returns by introducing new formats to its existing formats, introducing a gamified platform with the ITL Medals and introducing personalised behavioural analysis for traders and investors in the markets.
Connecting investors from across India, The Indian Trading League ® is rolling out the ITL Medals Program to drive inspiration, motivation and help individual investors and traders get better in the stock markets.
“SAMCO has been at the forefront of innovation, evolving our products and trading experiences to help and motivate traders and investors to continously get better in the markets and at the same time save money with its discount broking platform” said Pratik Adani, Chief Technology Officer of SAMCO.
The Indian Trading League – Season 2
With its innovative social trading experience, the Indian Trading League in Season 2 continues to add formats to include different segments of markets.
· League Period
Season 2 of the League will run from May 1, 2016 till March 31, 2017
· Additions to the formats of the league
2 new formats – The Royale League and The Student’s League have been added to the existing 4 formats of the league viz the traders, commodities, investors and women’s format. The Royale League is for traders and investors investing with a larger capital greater than Rs. 5 Lakhs and Student’s League is for student participants below the age of 27.
Prize over Rs. 1.50 Crores+ will be awarded to the winners across different formats and time periods.
Winner of the ITL Royale League to get a fund management contract to manage 1 Million Dollars i.e Rs. 6.70 Crores
· Personal behavioural analysis
The Indian Trading League ® Season 2 will help each and every investor understand their personal trading behaviour better as either an investor or an options trader and also compare and benchmark their performance to behaviourally similar market performers.
Launch of the ITL Medals Program – the World’s only gamified trading platform to motivate and help investors achieve their goals
The ITL Medals reward users for their trading and investing achievements and help to provide a constant encourangement to improve. The program also penalises users with Red cards and Yellow cards for mistakes made in their trading or investment portfolio. As users keep accumulating different medals, they keep moving to higher levels from an ITL Rookie (Level 1) to being an ITL Veteran (Level 4) as the aim to achieve the ultimate level ITL Master (Level 5). A total of 70 medals and cards are up for grabs for every user. The Indian Trading League ® will also enrich the social trading experience with the launch of ITL Challenges in June which shall encourage friendly competition and help investors and to reach and beat their goals consistently.
· Gold Medals include achievements such as letting your profits run by 100%, succesfully writing option and getting 100% premium, maintaining a 60% trading accuracy ratio throught the year amongst others.
· Silver Medals include achievements such as being a “Smart Stopper” – keeping a 5% Stop Loss on a trading position; being a “Capital Conserver” – Not losing more than 10% capital; and being a “Smart hedger” by Hedging your speculative positions
· Bronze Medals are basic achivements for every market participant which include making their first profitable trade, or being a consistent capital saver and investor, or making their first index trade.
· Red Cards are penalties imposed on users for losing more than 50% of their capital, paying penal STT on exercised options on expiry day amongst others.
· Yellow Cards are penalties for an over diversified portfolio – Owning more than 30 stocks or Excessively concentrated portfolio with more than 80% capital invested in a single stock and others.
Commenting on the launch of the Medals program, Jimeet Modi, CEO of SAMCO said “Success in the stock market requires traders and investors to do a few things correctly and consistently. However, there is no platform or formal education to help people get better. The ITL Medals platform is the first gamified platform in the World, which not only gratifies investors and traders instantly but also charts out goal oriented trading levels and maps the journey for being an excellent and successful market participant. While everyone is told, “Let your profits run and cut your losses”, the same is never followed as people get caught up in emotions. The ITL Medals platform guarantees a superior learning experience and a far more disciplined approach. Now, Success in trading stocks is almost like playing Candy Crush, Learn the Game, and improve your game, Execute better and Level Up and Earn! Every participant who attains the ultimate level of being an ITL Master will be awarded free trading for the full year”
The startup, which was formed in May 2015, has already witnessed investors’ attention with Kapil Dev, London based Bay Capital Founder Siddharth Mehta and others investing upto USD 3 million as Series A investors.
On the Launch of Season 2, Kapil Dev former Indian Cricketer and Captain, also the co-promoter of the Indian Trading League said “Season 1 of the Indian Trading League has been hugely successful and with the launch of the ITL Medals, I think it’s going to be a wonderful experience and a great platform for every trader and investor to get better. Like in cricket, continous practice makes a player better, same rule applies even for investors. The ITL Medals is an exciting platform where stock market particpants can day-in day-out hone their trading skills and at the same time get rewarded and move up a level from time to time. It’s a revolutionary innovation in true sense.”
The Website for registrations on the Indian Trading League ®
About SAMCO Securities Limited
SAMCO Securities Limited is a leading Discount Brokerage in India offering flat fee per trade services. SAMCO is a low-cost, technology driven stock broker offering its broking services across all leading exchanges in India – NSE, BSE, MCX, NCDEX and MCX-SX.
Established in 1993, SAMCO Securities is a part of the Samruddhi group and has been in the securities business for over 20 years and its promoters and management have over 50 years of combined experience of the capital markets.
SAMCO aims is to disrupt the broking industry by offering world class solutions and technology to its consumers at a low cost.
SAMCO Securities Limited Headquartered in Mumbai, India. Please visit SAMCO Website for further details.
About SAMCO Ventures Private Limited
SAMCO Ventures Private Limited is the holding company of SAMCO Securities Limited and Samruddhi Finstock Limited. SAMCO Ventures Pvt. Ltd along with its associates and subsidiaries asserts its intellectual property (including applicable trademark, copyright and patent) ownership on The Indian Trading League, its website, the formats, trophy and other content not mentioned herein.SAMCO Securities Limited Headquartered in Mumbai, India. Please visit SAMCO Website for further details.
Source: Indian Traidng League