Zerodha Unveils 'Privacy Mode' on Kite: A New Way to Focus on Your Trades
Zerodha, one of India's leading brokerage platforms, has introduced a new feature called "Privacy Mode" on its popular trading platform, Zerodha Kite. |
This feature aims to enhance user experience by allowing traders to keep sensitive information about their investments and trading positions hidden.
The introduction of Privacy Mode is part of Zerodha's ongoing effort to make the platform more user-friendly and reduce distractions that could lead to impulsive trading decisions.
In this blog, we will explore the details of this new feature, how to use it, and what it means for traders.
Zerodha Launches Privacy Mode on Kite
On August 22, Zerodha announced the launch of a new feature called "Privacy Mode" on its trading platform, Zerodha Kite.
The company shared this update on the social media platform X (formerly Twitter). Privacy Mode is designed to help traders stay focused by hiding real-time profit and loss (P&L) updates, which can often be distracting and lead to overtrading.
What is Privacy Mode?
Privacy Mode on Zerodha Kite is a new feature that allows traders to hide sensitive information about their investments, such as the amount invested, the quantity of shares held, and real-time changes in profit and loss.
This feature is particularly useful in situations where traders might be tempted to make impulsive decisions based on fluctuating numbers.
Zerodha explained,
"Constantly seeing real-time changes in P&L can often be distracting and may tempt you to overtrade. You can easily enable privacy mode to hide all these values."
This means that with Privacy Mode enabled, traders can focus on their strategies without getting swayed by short-term market movements.
How to Use Privacy Mode
Enabling Privacy Mode on Zerodha Kite is simple and can be done in a few easy steps. Here's how:
Step 1: Click on your Client ID or Profile icon on the Kite web platform.
Step 2: Toggle the “Privacy Mode” button from the dropdown menu.
Once Privacy Mode is enabled, all values related to your investments, including dashboard, holdings, positions, and funds, will be hidden from view.
Step 3: To disable Privacy Mode, click back on the Client ID or Profile icon.
Step 4: Toggle the “Privacy Mode” button off to revert to the normal display.
Currently Available on Kite Web
At present, Privacy Mode is only available on the Kite website. Zerodha has stated that they are working on making this feature available on the Kite mobile app as well.
Traders who prefer using the mobile app will soon be able to enjoy the same level of privacy and focus.
Additional Updates: More Watchlist Tabs in the Works
In addition to Privacy Mode, Zerodha also hinted at upcoming improvements based on user feedback.
One such update is the addition of more watchlist tabs, addressing the needs of traders who require more flexibility in monitoring multiple stocks.
As one user commented on Zerodha’s social media post, “Please provide more watchlist tabs as currently, we find less.”
Zerodha responded by confirming that they are "working on" providing more watchlist tabs for their users, which shows their commitment to continuously improving the trading experience on their platform.
Conclusion
Zerodha's introduction of Privacy Mode on Kite is a significant step towards enhancing the user experience by reducing distractions and helping traders stay focused on their strategies.
With this new feature, traders can choose to hide sensitive information, thus minimizing the temptation to overtrade based on real-time market fluctuations.
While currently available only on the Kite web platform, the feature is expected to roll out on the mobile app soon, further expanding its accessibility.
By listening to user feedback and implementing new features like Privacy Mode and additional watchlist tabs, Zerodha continues to lead the way in innovation and user-centric improvements in the trading world.
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