Help: I am a beginner in DayTrade

#1
Hai everybody..

I am a beginner in Day Trading, I mean not yet started. I am aware certain basics. If possible someone could guide me regarding that?

  • Initially we need to invest a capital amount. Say eg: Rs.10,000.00
  • What is the limit that we could trade? eg: I saw that 4x capital amount and 10x capital amount. So what is the exact limit?
  • Then what we do is we get some shares. Say eg: We are getting a share of value Rs.100.00. So we are buying 100 shares. if the shares value comes to Rs.101.00 we sell it so we get Rs.1.00 on each share.
  • So my doubt is how do we buy and sell these shares.
    R we releasing those shares from our control or we need some one to deliberately buy from us.
  • I know that the brokerage per day is minimum Rs.15.00 or .03% of the trade i.e for both buying and selling.

If possible some one please take the pain of teaching me these basic things. It would be so nice of you.

Thanks & Regards,
Praveen
 
#2
Hai everybody..

I am a beginner in Day Trading, I mean not yet started. I am aware certain basics. If possible someone could guide me regarding that?

  • Initially we need to invest a capital amount. Say eg: Rs.10,000.00
  • What is the limit that we could trade? eg: I saw that 4x capital amount and 10x capital amount. So what is the exact limit?
  • Then what we do is we get some shares. Say eg: We are getting a share of value Rs.100.00. So we are buying 100 shares. if the shares value comes to Rs.101.00 we sell it so we get Rs.1.00 on each share.
  • So my doubt is how do we buy and sell these shares.
    R we releasing those shares from our control or we need some one to deliberately buy from us.
  • I know that the brokerage per day is minimum Rs.15.00 or .03% of the trade i.e for both buying and selling.

If possible some one please take the pain of teaching me these basic things. It would be so nice of you.

Thanks & Regards,
Praveen
The exact limit of your leverage varies from broker to broker. It can vary from 4-8 times of deposit that you place with the broker. Once you open an account with a broker you will have a better understanding of how things work out.
 
#3
The exact limit of your leverage varies from broker to broker. It can vary from 4-8 times of deposit that you place with the broker. Once you open an account with a broker you will have a better understanding of how things work out.
Thank you Anand. Could you please tell me how to exactly buy and sell shares.
 
#4
For buying and selling of shares , you have to approach a registered broker/sub-broker and open a trading account with him, in that account you will deposit your capital , now it depends on broker to broker how much more margin then your trading capital they will provide (I would suggest not to use that till you are well versed with nitty-gritty of stocks and esp day trading). Now to buy or sell a share (that you own) you will instruct your broker to do so, and he will do the needful.
Now as you have said that if you buy any share at 100 and then sell at 101 then 1 rupee is your profit, in this case you have to pay broking charges to broker as well as taxes to govt. and hence your actual profit will be less then 1. Hence I would suggest that before you actually trade in market you spend time to learn about it and then for good amount of time spend time to paper trade (where you trade hypothetically)

read around in forum and you will know more things on your own.
 

SavantGarde

Well-Known Member
#5
In Addition To What Has Been Posted By Rider.Royal, I Would Like To Give You Just One Advice, That Is Do Not Start Day Trading If You Have Only 10,000 Allocated For It, To Put It Simply, Become A Short Term Investor, Where You BUY Some Shares & Hold It For A Few Days & SELL, Moreover Market Is Conducive, For Such A Stategy.

Happy & Safe Investing

SavantGarde
 
#6
Yes day trade is not good for beginner i also started but lost money.better to read the market for some time invest in some good known shares and start with open any demat account in banks like icici,hdfc or infoline and sharkhan reliance is also good
 
#7
In Addition To What Has Been Posted By Rider.Royal, I Would Like To Give You Just One Advice, That Is Do Not Start Day Trading If You Have Only 10,000 Allocated For It, To Put It Simply, Become A Short Term Investor, Where You BUY Some Shares & Hold It For A Few Days & SELL, Moreover Market Is Conducive, For Such A Stategy.

Happy & Safe Investing

SavantGarde
Sorry boss I cant get you. Please tell me clearly. I am not used to the terminologies used in this field.
 

Similar threads