[Newbie]Some basic queries regarding trading

moto143

Active Member
#1
hello everybody.

Am totally new to trading..Would like to start of my trading soon.I have managed to clear a lot of queries regarding trading from this website but still there are a few which remains unclear.Hope member's out here will throw some light on it.

1) I have taken a Axis bank account with Net banking facility..i will get Trading account as well as Demat account from India bulls...My query is that when i Sell the stock, will the money be immediately credited to my Axis bank account?and also when i buy a stock, will the stock be listed immediately in my Portfolio?

2) I have heared member's over here talking about the Stop loss..the concept of stop loss is a bit confusing to me..For example i buy a share@ rs 100 and i want the share to be automatically sold at rs95 if the share price drops to 95.Is that what you call Stop loss??:confused:

Anyhow, Where do we set Stop loss?? i mean on Trading software or anywhere else?

I would be really glad if member's of this wonderful forum help me out.
thanks in advance.
 

pkamalesh

Well-Known Member
#2
hello everybody.

Am totally new to trading..Would like to start of my trading soon.I have managed to clear a lot of queries regarding trading from this website but still there are a few which remains unclear.Hope member's out here will throw some light on it.

1) I have taken a Axis bank account with Net banking facility..i will get Trading account as well as Demat account from India bulls...My query is that when i Sell the stock, will the money be immediately credited to my Axis bank account?and also when i buy a stock, will the stock be listed immediately in my Portfolio?

2) I have heared member's over here talking about the Stop loss..the concept of stop loss is a bit confusing to me..For example i buy a share@ rs 100 and i want the share to be automatically sold at rs95 if the share price drops to 95.Is that what you call Stop loss??:confused:

Anyhow, Where do we set Stop loss?? i mean on Trading software or anywhere else?

I would be really glad if member's of this wonderful forum help me out.
thanks in advance.
Your first Question---> The money wont be transfered to your bank account unless you yourself transfer it from your trading account...

Secondly, Stop loss isnt a software..Its used to protect your position against a limilted risk that you can take per trade..If the trend of the market goes against your trade SL saves you with a little predefined loss setup by you..
 

praveen taneja

Well-Known Member
#3
Your first Question---> The money wont be transfered to your bank account unless you yourself transfer it from your trading account...

Secondly, Stop loss isnt a software..Its used to protect your position against a limilted risk that you can take per trade..If the trend of the market goes against your trade SL saves you with a little predefined loss setup by you..
:clapping::clapping::clapping::clapping:
 
#4
Hi Everybody, I am a newbie just started trading:thumb:

And this is my first posting:clap:

I found this form very helpful and most of the veterans are ready to help newbie's like me.:cheers:

I made small profit from my initial endeavour's and I want improve my trading strategies.:cool:

For day trading can we select low priced stocks with high volume?

Any views... Open for all.........


- Deal with the Best, Die like the Rest
 

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