Intraday - A beginners agony

Hi,

I am new to online trading , doing intra-day(delivery) using Oddin Diet. Though it is very difficult, but I am having confidence one day I would master it. What bothers me is the terminology used in the trading. Back-office people throw all sort of jargon , if I ask what it is, they are unable to explain in simple terms.
Where I will get a hand book about doing intra-day in Indian stock exchanges?
Suppose if I find a term "auction" in my ledger What it means? What is the relation between 'auction' and 'Intra-day' etc. Right now , I am not using any popular software.First time I have seen one, it frightened me. So my husband developed a simple application for me to understand the price movement of a scrip.Now I am learning chart analysis real-time . It is interesting. So please throw me some light on nitty- gritty of Day trading

Hi Sudhina,
Auction - means when you opted for short selling a stock and unable to square off the position within cut off time...those shares will be bought back in auction....auction takes place after market hours....In our country short selling ( means selling shares that you do not hold in your Demat account) is allowed , intraday only...that means you have to buy back the short sold shares before closing of the market. Other wise your broker has to buy back those shares in Auction. Usually prices will be higher in auction when compared to the normal session...penalties also will be levied so please square off the short sold positions in the normal market hours.....
"Trading is simple but not easy " quote i have read somewhere...Try to learn the basics and emotions play an important role in trading....To succeed in Day trading you should have an edge over others...Its hard to get that edge..But its possible to learn and get that edge....requires a great amount of hard work and persistence...if you can do that its the most rewarding proffession in the world...
All the best
praveen:thumb:

Praveen is 100% correct, Dear Sudhina, one day will be there when you shall be a successful traders, just carry on

Swapan, Kolkata

Thank you, Praveen

-Sudhina

Thank you, Swapan

-Sudhhina

Your welcome Sudhina....You can do EOD( End of the day) charting in excel also...If you want to learn TA(Technical Analysis) please go through books like Technical analysis for beginners ...its a Capital market publication, you can purchase it online...and then practise charting in excel by down loading eod data from Nseindia.com and if you want the excel proto type for analysis i can send you a copy ...if you want it please send me a PM(personal message) with your mail id, so that i can send you a copy.:clap:
All the best,
praveen