very basic question on trading process

i am new to trading i haven't opened my d mat account yet, i am studying markets first i learnt that trades of type btst (buy today and sell tomorrow )

dose this mean that if i buy a stock of sbi today at 1000 and it going down to 920 and it seems that it is going further down in tomorrow, i am not able to sell them instantly , ie basically how i trade if stock i buyed not come to my a/c instantly and i have to wait for stock to come to my dmat account to sell it.

if its correct then i must say whoever profits from market is very brave and brilliant person with shear luck
pleases clar my doubts

btst is buy today sell tomorrow. normal delivery is T+2, means after 2 days of trading. with btst, you need not wait for delivey, you can sell tomorrow itself.

there are intraday scrips, all nifty, junior nifty and midcaps can be sold the next day with btst.

IMO, BTST is a misnomer. There is no BTST buy. All the scrips are delivery based buys. Only Selected Scrips ( 200+ ) are allowed to be sold, without actually receiving the delivery. I would say, it should be SELL WITHOUT RECEIVING DELIVERY..(SWRD)...

Ofcourse, one has to realise the inherent danger of delivery becoming bad. Then your Sell will land in Auction.

Profit making in Share Market is sheer luck to ordinary Traders like me.

There are many talented & successful traders in this Forum, for whome it is not matter of luck.

Cheers

Hello

Can u then clear one point.If I bought a scrip today but the scrip has not come in to my account by a confirmation has been recd in my account, I can sell it if I want right?( whether it is immediate or within 2 days what ever?)

Rgds
Mukund Iyer
Delhi

Mr. Mukund , your question is not clear??? which scrip u bought????