I can make daily 10 points without loss in cruide oil.

[crudeoiltrader]

Hi

My name is Venkateswaran from Chennai. I'm new to Commodity Trading World. I heard that people can make good money in Commodity. I opened a Commodity Account with ZERODHA Broker who claims themselves as the lowest brokerage in INDIA.

I know how to make 10 Points Daily in Crude Oil Mega (100) and Crude Oil Mini (10).

I invested Rs.35000 in Commodity ( ZERODHA ).

I place 4 trades and the result was positive for all trades giving me Rs.450 Profit. But the problem is in the Contract Note it displays only Rs.70 profit.

Does it mean broker / Govt Tax + etc is taking Rs.380 ?

And also please answer this question :
=======================

For Example :

I'm Buying Crudeoil @ 3600 and Selling @ 3610 in 1 LOT. My Total gross profit will be Rs.1000. And after detecting all TAX / Contract Note / Brokerage.

Turnover - 721000
Brokerage = 40.00
Total tran charge = 25.96
Service tax = 9.89
CTT = 36.1
SEBI charges = 1.44
Total tax and charges = 113.39
Points to breakeven = 1.13
==================================
Net profit = RS.886.61 (This is without Contract Note )
==================================
Contract Note Charges will be Rs.113.39 as per TAMILNADU

So Rs.886.61 - Rs.113.39 = RS.773.22 will be my total profit ????

Please let me know if I'm right or wrong ?

Thanking you

S.Venkateswaran :thumb:

 

[vsaran]

Hi

My name is Venkateswaran from Chennai. I'm new to Commodity Trading World. I heard that people can make good money in Commodity. I opened a Commodity Account with ZERODHA Broker who claims themselves as the lowest brokerage in INDIA.

I know how to make 10 Points Daily in Crude Oil Mega (100) and Crude Oil Mini (10).

I invested Rs.35000 in Commodity ( ZERODHA ).

I place 4 trades and the result was positive for all trades giving me Rs.450 Profit. But the problem is in the Contract Note it displays only Rs.70 profit.

Does it mean broker / Govt Tax + etc is taking Rs.380 ?

And also please answer this question :
=======================

For Example :

I'm Buying Crudeoil @ 3600 and Selling @ 3610 in 1 LOT. My Total gross profit will be Rs.1000. And after detecting all TAX / Contract Note / Brokerage.

Turnover - 721000
Brokerage = 40.00
Total tran charge = 25.96
Service tax = 9.89
CTT = 36.1
SEBI charges = 1.44
Total tax and charges = 113.39
Points to breakeven = 1.13
==================================
Net profit = RS.886.61 (This is without Contract Note )
==================================
Contract Note Charges will be Rs.113.39 as per TAMILNADU

So Rs.886.61 - Rs.113.39 = RS.773.22 will be my total profit ????

Please let me know if I'm right or wrong ?

Thanking you

S.Venkateswaran :thumb:

You can refer the brokerage calculator.It will clear your doubts.

 

[dreammerchant]

Hi

My name is Venkateswaran from Chennai. I'm new to Commodity Trading World. I heard that people can make good money in Commodity. I opened a Commodity Account with ZERODHA Broker who claims themselves as the lowest brokerage in INDIA.

I know how to make 10 Points Daily in Crude Oil Mega (100) and Crude Oil Mini (10).

I invested Rs.35000 in Commodity ( ZERODHA ).

I place 4 trades and the result was positive for all trades giving me Rs.450 Profit. But the problem is in the Contract Note it displays only Rs.70 profit.

Does it mean broker / Govt Tax + etc is taking Rs.380 ?

And also please answer this question :
=======================

For Example :

I'm Buying Crudeoil @ 3600 and Selling @ 3610 in 1 LOT. My Total gross profit will be Rs.1000. And after detecting all TAX / Contract Note / Brokerage.

Turnover - 721000
Brokerage = 40.00
Total tran charge = 25.96
Service tax = 9.89
CTT = 36.1
SEBI charges = 1.44
Total tax and charges = 113.39
Points to breakeven = 1.13
==================================
Net profit = RS.886.61 (This is without Contract Note )
==================================
Contract Note Charges will be Rs.113.39 as per TAMILNADU

So Rs.886.61 - Rs.113.39 = RS.773.22 will be my total profit ????

Please let me know if I'm right or wrong ?

Thanking you

S.Venkateswaran :thumb:

There is no separate charges for contract note unless u require it as a hard copy sent via courier... Remaining things are right...

DM

 

[timepass]

Hello Venkat, in equities, I have forever dreamed of making 30 pts BNF or 30 paisa Unionbank every day

Good luck to you :thumb:

Keep us updated.

 

[pannet1]

Vanakam Venkateswaran,

Now that your doubts are cleared, please share your strategy if possible so it will be useful for fellow traders. I am also looking forward to start Commodity trading in a short while from now.

Thanks.

Hi

My name is Venkateswaran from Chennai. I'm new to Commodity Trading World. I heard that people can make good money in Commodity. I opened a Commodity Account with ZERODHA Broker who claims themselves as the lowest brokerage in INDIA.

I know how to make 10 Points Daily in Crude Oil Mega (100) and Crude Oil Mini (10).

I invested Rs.35000 in Commodity ( ZERODHA ).

I place 4 trades and the result was positive for all trades giving me Rs.450 Profit. But the problem is in the Contract Note it displays only Rs.70 profit.

Does it mean broker / Govt Tax + etc is taking Rs.380 ?

And also please answer this question :
=======================

For Example :

I'm Buying Crudeoil @ 3600 and Selling @ 3610 in 1 LOT. My Total gross profit will be Rs.1000. And after detecting all TAX / Contract Note / Brokerage.

Turnover - 721000
Brokerage = 40.00
Total tran charge = 25.96
Service tax = 9.89
CTT = 36.1
SEBI charges = 1.44
Total tax and charges = 113.39
Points to breakeven = 1.13
==================================
Net profit = RS.886.61 (This is without Contract Note )
==================================
Contract Note Charges will be Rs.113.39 as per TAMILNADU

So Rs.886.61 - Rs.113.39 = RS.773.22 will be my total profit ????

Please let me know if I'm right or wrong ?

Thanking you

S.Venkateswaran :thumb:

 

[moolan]

Hi Venkat,

this is sample contract note from zerodha brokerage and charges calculator.
There is no stamp duty for Tamilnadu included in the contract note. You can better contact their help line and update us.

Hi

My name is Venkateswaran from Chennai. I'm new to Commodity Trading World. I heard that people can make good money in Commodity. I opened a Commodity Account with ZERODHA Broker who claims themselves as the lowest brokerage in INDIA.

I know how to make 10 Points Daily in Crude Oil Mega (100) and Crude Oil Mini (10).

I invested Rs.35000 in Commodity ( ZERODHA ).

I place 4 trades and the result was positive for all trades giving me Rs.450 Profit. But the problem is in the Contract Note it displays only Rs.70 profit.

Does it mean broker / Govt Tax + etc is taking Rs.380 ?

And also please answer this question :
=======================

For Example :

I'm Buying Crudeoil @ 3600 and Selling @ 3610 in 1 LOT. My Total gross profit will be Rs.1000. And after detecting all TAX / Contract Note / Brokerage.

Turnover - 721000
Brokerage = 40.00
Total tran charge = 25.96
Service tax = 9.89
CTT = 36.1
SEBI charges = 1.44
Total tax and charges = 113.39
Points to breakeven = 1.13
==================================
Net profit = RS.886.61 (This is without Contract Note )
==================================
Contract Note Charges will be Rs.113.39 as per TAMILNADU

So Rs.886.61 - Rs.113.39 = RS.773.22 will be my total profit ????

Please let me know if I'm right or wrong ?

Thanking you

S.Venkateswaran :thumb:

 

[doss186]

Daily trading range of crude oil is around 70 to 90 Rs.a day. Why you want to take only 10 points. If you follow positional trading system you can double your money in just less than 15 trading sessions.

 

[Subhadip]

Daily 1 k....say..

Now after one month total profit 24 k.

So after two months u can have 50k.

So u can do two k per day there after...now..do what ever u r doing...continue till one year...u will earn more than 50 lkakh....starting capital 40k.

Best of luck...

Enjoy

 

[Stanko]

Well, theoretically you are right but how it will work out in practice is another story.