Momentum investing
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How long funds can we keep in mometify
Lets say i started strategy with funds if stoploss hits before rebalance day
How long Amount will be in momentify? or it gets credited to bank?
And can we add funds in existing strategy? -
You are mixing two different things. Momentify platform suggests that which shares should be sold and which one should be bought. Once we confirm it (after getting email notifications) Momentify sends these details to trading platform. Sales proceeds of SL triggered shares would be lying in the trading account and you can take appropriate call for withdrawal of the funds. Momentify will continue to suggest for buying new shares on the next rebalancing date irrespective of the fact that your trading account has sufficient balance or not. I mean if you give confirmation to the re balancing and trading account doesn't have sufficient balance, some of the trades would be rejected.
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@Rajendra Manke i have asked this questions because in other broking apps like upstox funds from demat account gets credited in bank account on weekly basis
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@Rajendra Manke if we don't have enough funds to execute those orders can we add funds at rebalancing day?
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@Rajendra Manke and if we don't have enough funds to execute those orders can we add funds at rebalancing day?
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Yes. It can be done before approving the basket. I am not from Definedge team. My statements are based on my discussions with the support team and various videos of Definedge. @Definedge can correct me if I am wrong
