Hi everyone,
Myself Varun. I am new to Stocks and online trading. I am facing following difficulty while selling/buying shares on HDFC sec:
Suppose I want to sell 200 shares of a company, then when I place a limit order, I leave the 'Disclosed quantity' blank so that all of my shares are sold in one go. But unfortunately, they shares are sold in small lots (like 99 + 51 + 50 etc.) and I end up paying more brokerage (as minimum brokerage is Rs. 25). This happens at buy time also. Is there any method by which I can make sure that shares are sold in a single lot only? Also is this problem faced only on HDFC sec or it happens with other online trading platforms (like ICICI, Geojit etc.) also? As I understand, this should happen only when I use disclosed quantity. By disclosing only say 100 out of 200 shares, I am forcing to have the transaction being done in lots of 100. Please correct me if I am wrong.
Thanks.
Myself Varun. I am new to Stocks and online trading. I am facing following difficulty while selling/buying shares on HDFC sec:
Suppose I want to sell 200 shares of a company, then when I place a limit order, I leave the 'Disclosed quantity' blank so that all of my shares are sold in one go. But unfortunately, they shares are sold in small lots (like 99 + 51 + 50 etc.) and I end up paying more brokerage (as minimum brokerage is Rs. 25). This happens at buy time also. Is there any method by which I can make sure that shares are sold in a single lot only? Also is this problem faced only on HDFC sec or it happens with other online trading platforms (like ICICI, Geojit etc.) also? As I understand, this should happen only when I use disclosed quantity. By disclosing only say 100 out of 200 shares, I am forcing to have the transaction being done in lots of 100. Please correct me if I am wrong.
Thanks.