All money going for tax and brokerage

Discussion in 'Intraday' started by AndhraCement, Aug 31, 2016.

  1. AndhraCement

    AndhraCement Member

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    :mad::mad::mad:

    I do intraday trading ........i buy and sell shares with a gap of 50 paisa ...

    i do it couple of times in a day ..i buy and sell around 200 shares ...and do it 4 to 5 times a day

    but i see more than 50% of profit going to brokerage and taxes :mad::mad:... i have an account in edelweiss

    Please advice
     
  2. dreammerchant

    dreammerchant Well-Known Member

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    Change to some discount brokers who provide flat rate brokerage

    DM
     
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  3. niftygupshup

    niftygupshup Well-Known Member

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    You can not reduce taxes (except service tax on brokerage) by shifting to a discount broker and taking monthly plan.
    Go through brokers platform thread in the forum and take your decision. Some of such brokers (not in any order) are SASonline, RKSV, TSO, DPL, Wisdom. Also not suggesting any particular broker. Study their other charges, their reviews and choose. It will be your own decision.
     
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  4. AndhraCement

    AndhraCement Member

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    Now i am consused as to which to go with ...
    I already have in sharekhan and edelweiss and both charge more
     
  5. ap*

    ap* Well-Known Member

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    200 shares and 50p profit means net profit of 100. Between brokerage and taxes even with a discount broker you won't be left with much. Either reduce quantity and try catching larger moves ( Incase you don't want to invest more ) or with same q look at larger moves. 100 rupee profit before brokerage and taxes is not sustainable from a longer term perspective unless your looking at only learning as of now. Among brokers go for either rksv or zerodha. Both similar.
     
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  6. AndhraCement

    AndhraCement Member

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    I would love catching larger moves but i hardly find them ......max two times a week .

    I generally follow shilpi cable , pricol and mothersumi

    If i have to do regularly i am able to find only smaller moves i.e 50ps

    Can you suggest some stocks where i can find big moves .....
     

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