Hi All,
Today only I have joined this forum and I am very new in share trading market. I have few questions regarding the trading. I know these questions have been posted before in this forum but the answers could not satisfied me so posting it again in different words -
1. I know there are two types of trading Intraday and Interday. I want to start share trading as Interday as expert says Intraday trading is not for beginner.
Q 1 - What is the main difference between these two?
Q 2 - Suppose I buy 100 share of X company @Rs 100/Share in the morning and plan to sell it on same day ( Intraday ) But later in the day share price goes to 90/Share. Now I do not want to sell them for loss and want to wait till next day or more till it goes to 110/Share. Even if it takes one week also. Will it become Interday trading now?
Q 3 - Is there any penalty other than I have to pay interday brokerage? If yes what penalty is that. My point here is that I am fine with paying Interday ( Delivery ) brokerage if Intraday is going in loss. But other than that is there any other penalty or money loss for changing the Intraday to Interday?
Q 4 - When we buy the share do we specifically mention during buy whether it is going to be intraday or interday? If yes then how can we convert interday to intraday and vice versa. Is there any additional charges or penalty for that? If no then how the penalty will be applied for changing intraday to interday?
Q - 5 - I have heard that in interday there is a T+3 trading that means if you buy a share today you can either sell it today ( Intraday ) or sell it after 3 days ( Interday ) Is it true?
I am really hope some trade guru will respond to this. Thanks in advance.
Vikku
Today only I have joined this forum and I am very new in share trading market. I have few questions regarding the trading. I know these questions have been posted before in this forum but the answers could not satisfied me so posting it again in different words -
1. I know there are two types of trading Intraday and Interday. I want to start share trading as Interday as expert says Intraday trading is not for beginner.
Q 1 - What is the main difference between these two?
Q 2 - Suppose I buy 100 share of X company @Rs 100/Share in the morning and plan to sell it on same day ( Intraday ) But later in the day share price goes to 90/Share. Now I do not want to sell them for loss and want to wait till next day or more till it goes to 110/Share. Even if it takes one week also. Will it become Interday trading now?
Q 3 - Is there any penalty other than I have to pay interday brokerage? If yes what penalty is that. My point here is that I am fine with paying Interday ( Delivery ) brokerage if Intraday is going in loss. But other than that is there any other penalty or money loss for changing the Intraday to Interday?
Q 4 - When we buy the share do we specifically mention during buy whether it is going to be intraday or interday? If yes then how can we convert interday to intraday and vice versa. Is there any additional charges or penalty for that? If no then how the penalty will be applied for changing intraday to interday?
Q - 5 - I have heard that in interday there is a T+3 trading that means if you buy a share today you can either sell it today ( Intraday ) or sell it after 3 days ( Interday ) Is it true?
I am really hope some trade guru will respond to this. Thanks in advance.
Vikku