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| Discuss square off or take delivery ? at the Beginners Guide within the Traderji.com - Discussion forum for Stocks Commodities & Forex; greetings to all , i am very new to this whole day trading thing and i ... |
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#1
22nd February 2008, 11:39 AM
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square off or take delivery ?
greetings to all , i am very new to this whole day trading thing and i have some basic questions .. i have been trading for about a week or so using tt advanced software provided by 5 paisa infoline .. what i have been doing so far is to square off any and all open positions before the markets close , profit or loss .. my question is .. if im trading without a stop loss , and go in the red .. is it better idea to hold on ? .. what happens exactly if i hold .. does that mean i an taking delivery and thereby will have to pay more brokerage charges ? also .. what is the best online trading software in the market ? i went with 5 paisa on a friends advice but on investigating further online i found some pretty bad reviews for it .. my knowledge on the whole subject if fairly limited so i cant really say if ttadvance is good or bad .. so far .. fairly simple .. buy / sell ..
waiting for ur inputs .. thanks and best regards ! 
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#2
22nd February 2008, 11:57 AM
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Re: square off or take delivery ?
form the month of january,08 lots of new members are coming into traderji, our community is growing rapidly, wellcome to traderji mr. gauravc.
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#3
22nd February 2008, 12:25 PM
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Re: square off or take delivery ?
Quote:
I am new too, but there is lot to learn and most of the ideas available in this very forum. Regarding the delivery question you asked, yes I too take delivery if I fell that I want to keep the stock for some more time with the anticipation of price going up. But when you take a delivery you have to wait for T + 2 Days, so that you will see the stock in your DP. Once its available you can sell it whenever you want (do not sell it next day as this might lead to share auction from your broker!) Also there is separate brokerage fee for delivery based purchases. You have to check up with your broker for the details. 
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