intraday trading help : SHAREKHAN

hello everyone !!!!
i m new to trading i have few doubt , plz tradji members help me regarding this :

i bought HDFC stocks on intraday and booked profit of 392.04 rupees
but my account is not showing it , instead it is showing me -1092.42 less
what is CASH PREVIOUS SETTLEMENT EXPOSURE ???
and where is my BPL 392.04 gone ??

please see me account limit statement and plz help me thnx in advance members

Description Amount(Rs.)
CURRENT CASH BALANCE 30000

( Add ) CASH BPL 0
CASH MTM 0
( Add ) CASH PREVIOUS SETTLEMENT EXPOSURE -1092.42

TOTAL 28907.58

Hey Amity,
I am sure your problem must have been resolved by now.
Cash previous settlement means that the funds that were blocked for the trade that you took on that day.
Once the trade has been settled, which would happen by the very same day, unless it is an settlement holiday, it would reflect in your account as your cash balance the very next day.
Also note that you will have to calculate transaction charges over and above the profit that you booked after selling.
Transaction charges include:
1. Brokerage
2. Service Tax
3. Securties Transaction Tax
4. Turnover Charges
5. Stamp Duty

Not only do we need to pay the brokers, we need to feed the clearing member, the exchange and ofcourse, our beloved government!

Hope this helped. Cheers!

if you are doing intraday, it is very important that you select a broker who charges very little percentage. Or else, just for buying and selling you may need to pay brokerage more than your profit and result in loss.

For example, most popular brokers (if not negotiated) give a brokerage of 0.05% for intraday.

So if you buy and sell share worth 1 lakh in intra day, you will be paying brokerage Rs 100 + other charges like tax, STT etc. so to make profit you should be having gain more than this charges.

So for doing intraday, you should select broker who charge only very little percentage or small flat charge like 20 or below per transaction. There are also brokers who provide unlimited trades for a monthly amount(mostly less than 2000). This would be best option if you trade a lot.