Buy and Sell on same day
- Thread starter Pebu
- Start date
Since you have an a/c. with AXIS Bank, you can open Demat A/c. with them also as it may facilitate immediate Cr./Dt. etc. As regards selling the shares on the same day, what rkkamani said is correct. However, there shres of T-T (Trade2Trade) etc. which can be sold only on crediting the share to the Dmat a/c.
Hi,
I am very new to trade. I have just opened my trading account with HDFC. I have not done any trade yet. I do not know anything. Please tell me what I am thinking is right or wrong.
1. I buy few shares (Rs.100/share)
2.So my account will be debited according to to the share amount (100*No.of shares + brockerage + other charges) on same day
3.I have my shares in my demate account on the same day
4.If the price hikes after few hours
5.I sell my shares (at 150/share)
6.my shares will be debited from my demate account
7.My SB account will credited for share amount (150*No. of shares - Brockerage -other charges)
Please help me understand.
I am very new to trade. I have just opened my trading account with HDFC. I have not done any trade yet. I do not know anything. Please tell me what I am thinking is right or wrong.
1. I buy few shares (Rs.100/share)
2.So my account will be debited according to to the share amount (100*No.of shares + brockerage + other charges) on same day
3.I have my shares in my demate account on the same day
4.If the price hikes after few hours
5.I sell my shares (at 150/share)
6.my shares will be debited from my demate account
7.My SB account will credited for share amount (150*No. of shares - Brockerage -other charges)
Please help me understand.
There are four kinds of trading.
1: Delivery based: you buy and pay on T+1 day and get delivery of shares in your demat a/c on T+2 days. you can sell only when you have those shares in your Demat A/c i.e on/after T+2 .(if you buy ,say, on Monday then you will get shares on Wednesday in your Demat A/C and then you can sell.)
2: Buy Today Sell Tomorrow : You buy today, pay on T+1 day , and sell it tomorrow before you get the delivery. Not all companies are included in this scheme. So check your broker for the list of companies.
3: Intraday (buy and sell on same day ) (you don't get shares in you demat a/c) : you can buy or sell and square off (don't forget , otherwise it would be a costly mistake) your holding before market closes on the same day. you need not to pay full money.
You can trade on margin and get/give only profit/loss at End of the day.
Say , you have 5000 Rs but your broker gives you margin of 5 times then you can buy shares of worth 5000*5=25000 to trade.
Now you bought shares @ 100 and after few hours if it is trading @ 150 you can square off (close) your position and get (150-100=50) per share - brokrage .
Same if , say, share slip to 90 you can square off you position and pay (100-90=10) per share + brokrage .
4: Future trading :I am leaving this for now.
I think you are looking for what I explained in 3rd point. NOW free advise from my side : before you start trading, learn some basics and then trade. Making money is not very easy(one can make) but losing is very very easy.
Its not that you can't make profitable trades but it would be good if you learn some basics. There are lot on materials on this forum Please try.
1: Delivery based: you buy and pay on T+1 day and get delivery of shares in your demat a/c on T+2 days. you can sell only when you have those shares in your Demat A/c i.e on/after T+2 .(if you buy ,say, on Monday then you will get shares on Wednesday in your Demat A/C and then you can sell.)
2: Buy Today Sell Tomorrow : You buy today, pay on T+1 day , and sell it tomorrow before you get the delivery. Not all companies are included in this scheme. So check your broker for the list of companies.
3: Intraday (buy and sell on same day ) (you don't get shares in you demat a/c) : you can buy or sell and square off (don't forget , otherwise it would be a costly mistake) your holding before market closes on the same day. you need not to pay full money.
You can trade on margin and get/give only profit/loss at End of the day.
Say , you have 5000 Rs but your broker gives you margin of 5 times then you can buy shares of worth 5000*5=25000 to trade.
Now you bought shares @ 100 and after few hours if it is trading @ 150 you can square off (close) your position and get (150-100=50) per share - brokrage .
Same if , say, share slip to 90 you can square off you position and pay (100-90=10) per share + brokrage .
4: Future trading :I am leaving this for now.
I think you are looking for what I explained in 3rd point. NOW free advise from my side : before you start trading, learn some basics and then trade. Making money is not very easy(one can make) but losing is very very easy.
Its not that you can't make profitable trades but it would be good if you learn some basics. There are lot on materials on this forum Please try.
Dear sir,
I have gained the following information from post on third point. Please ensure I am wright and your understand explanation correctly.
1.I have Rs.5000
2.My broker gives me 5 times margin
3.I can buy shares worth Rs.25000
4.I buy 250 shares (100/share) on 11 AM
If I:
1.Price increses on 2PM by Rs50 that is 150/share
2.I squared of that price
3.Price increases even further
4.At the end of the trading it goes Rs.200/share
5.when trading closed I get (250*150=37500)-Brokerage
If II:
1.Price increses on 2PM by Rs50 that is 150/share
2.I squared of that price
3.Price decreases after that time
4.At the end of the trading it comes Rs.50/share
5.when trading closed I get (250*150=37500)-Brokerage
If III:
1.Price decrases on 2PM by Rs50 that is 50/share
2.I squared of that price
3.Price decrases even further
4.At the end of the trading it goes Rs.25/share
5.when trading closed I loss (250*50=12500)+Brokerage
If IV:
1.Price decrases on 2PM by Rs50 that is 50/share
2.I squared of that price
3.Price incrases after that time
4.At the end of the trading it goes Rs.150/share
5.when trading closed I loss (250*50=12500)+Brokerage
If V:
1.Price increses on 2PM by Rs50 that is 150/share
2.I do nothing (No square off)
3.Price increases even further
4.At the end of the trading it goes Rs.200/share
5.when trading closed I get (250*200=50000)-Brokerage
If VI:
1.Price decrases on 2PM by Rs50 that is 50/share
2.I do nothing (No square off)
3.Price decrases even further
4.At the end of the trading it goes Rs.25/share
5.when trading closed I loss (250*75=18750)+Brokerage
If VII:
1.Price increses on 2PM by Rs50 that is 150/share
2.I squared of that price
3.Price increases even further
4.At the end of the trading it goes Rs.200/share
5.when trading closed I get (250*150=37500)-Brokerage
Here I confused myself
1.whether I get total amount - brokerage or I get total amount / 5 times - brokerage when I profit
2.whether I loss total amount + brokerage or I loss total amount / 5 times - brokerage when I loose
Anyway Thanks ones again. Please clear my doubts.
First of all I have to thank you sir.
You post what I want to know exactly and your are absolutely right on third ponit. I have gained the following information from post on third point. Please ensure I am wright and your understand explanation correctly.
1.I have Rs.5000
2.My broker gives me 5 times margin
3.I can buy shares worth Rs.25000
4.I buy 250 shares (100/share) on 11 AM
If I:
1.Price increses on 2PM by Rs50 that is 150/share
2.I squared of that price
3.Price increases even further
4.At the end of the trading it goes Rs.200/share
5.when trading closed I get (250*150=37500)-Brokerage
If II:
1.Price increses on 2PM by Rs50 that is 150/share
2.I squared of that price
3.Price decreases after that time
4.At the end of the trading it comes Rs.50/share
5.when trading closed I get (250*150=37500)-Brokerage
If III:
1.Price decrases on 2PM by Rs50 that is 50/share
2.I squared of that price
3.Price decrases even further
4.At the end of the trading it goes Rs.25/share
5.when trading closed I loss (250*50=12500)+Brokerage
If IV:
1.Price decrases on 2PM by Rs50 that is 50/share
2.I squared of that price
3.Price incrases after that time
4.At the end of the trading it goes Rs.150/share
5.when trading closed I loss (250*50=12500)+Brokerage
If V:
1.Price increses on 2PM by Rs50 that is 150/share
2.I do nothing (No square off)
3.Price increases even further
4.At the end of the trading it goes Rs.200/share
5.when trading closed I get (250*200=50000)-Brokerage
If VI:
1.Price decrases on 2PM by Rs50 that is 50/share
2.I do nothing (No square off)
3.Price decrases even further
4.At the end of the trading it goes Rs.25/share
5.when trading closed I loss (250*75=18750)+Brokerage
If VII:
1.Price increses on 2PM by Rs50 that is 150/share
2.I squared of that price
3.Price increases even further
4.At the end of the trading it goes Rs.200/share
5.when trading closed I get (250*150=37500)-Brokerage
Here I confused myself
1.whether I get total amount - brokerage or I get total amount / 5 times - brokerage when I profit
2.whether I loss total amount + brokerage or I loss total amount / 5 times - brokerage when I loose
Anyway Thanks ones again. Please clear my doubts.
I would like to suggest you to do what ever you want with some dummy account first . use the follwing link, it will give some feal that your r in real market.
http://moneybhai.moneycontrol.com/
http://moneybhai.moneycontrol.com/
If u had bought 250 no of shares @ Rs.100/- and sold at Rs.150/-, u stand to gain Rs.12500/- (Rs.150-Rs.100) X 250 Nos. (irrespective of whether u have paid for the same or not). hence after adjusting the cost, out of profit of Rs.12500/-, brokerage will be deducted and the balance amount will be credited to your account on the due date.
Similarly, if there is a loss, the full loss + brokerage will be debited to your account
Similarly, if there is a loss, the full loss + brokerage will be debited to your account
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