question regarding my trade

#1
Hello all,

i am not much experienced here neither in trading,

ok, now my problem,

I bought 100 shares @ 335.90 on Monday of STERLITEIND

Yesterday i.e. Tuesday i sold in panic all 100 @ 338.00 . And the market fall later on ,

Then on the same day i.e. Tuesday i bought 50 shares of STERLITEIND @ 325.40,

On Wednesday, I squared off all 50 today @ 338.00.

But when I checked my ATST Projections on Wednesday i.e. today , it shows that I bought 50 shares @ 335.90, which I actually bought @ 325.40 . I write all my trades in my diary everytime I trade soething, so there is no problem of confusion.

So , why is it showing with mistake ? Is it a mistake or something ?
 

AW10

Well-Known Member
#2
Code:
"Open
Day"	B/S	Qty	Rate	B/S	Qty	Rate    Cls Day	P/L
Mon	B	100	335.9	S	100	339	Tue	310
Tue	B	50	325.4	S	50	338	Wed	630
					NET P/L			940
								
Mon	B	50	335.9	S	50	338	wed	105
Mon	B	50	335.9	S	50	339	tue	155
Tue	S	50	339	B	50	325.4	tue	680
					NET P/L			940
Do you see any difference in above 2 tables. They are 2 different views of same info. In table, your Mon buy txn is broken into 2 trades of 50 qty each and same is with the Sell trade of Tue broken into 2 trades of 50 qty each.

Net P&L is still the same that is 940. so that should not matter to you. It is just accounting entries. You have the view of first table which is Last in First out (LIFO) whereas broker has the view that First in first out (FIFO)
By the way, IT department guideline also suggest to use FIFO way for accounting your trades.

Try to look at this from brokers perspective. first table results in 2 ATST txns.
Whereas 2nd table results in 1 Mon-Wed delivery plus 2 ATST txn. I am sure, they will make more brokerage from 2 table.. So why shd they not use this approach (which is also acceptable accounting practice ).

For more details, talk to your broker.

Happy Trading.
 

rohangawale

Well-Known Member
#3
Code:
"Open
Day"	B/S	Qty	Rate	B/S	Qty	Rate    Cls Day	P/L
Mon	B	100	335.9	S	100	339	Tue	310
Tue	B	50	325.4	S	50	338	Wed	630
					NET P/L			940
								
Mon	B	50	335.9	S	50	338	wed	105
Mon	B	50	335.9	S	50	339	tue	155
Tue	S	50	339	B	50	325.4	tue	680
					NET P/L			940
Do you see any difference in above 2 tables. They are 2 different views of same info. In table, your Mon buy txn is broken into 2 trades of 50 qty each and same is with the Sell trade of Tue broken into 2 trades of 50 qty each.

Net P&L is still the same that is 940. so that should not matter to you. It is just accounting entries. You have the view of first table which is Last in First out (LIFO) whereas broker has the view that First in first out (FIFO)
By the way, IT department guideline also suggest to use FIFO way for accounting your trades.

Try to look at this from brokers perspective. first table results in 2 ATST txns.
Whereas 2nd table results in 1 Mon-Wed delivery plus 2 ATST txn. I am sure, they will make more brokerage from 2 table.. So why shd they not use this approach (which is also acceptable accounting practice ).

For more details, talk to your broker.

Happy Trading.
sahi hai sirji,
ekdum great.:clapping:
 

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