NEW MONTH : APRIL

TRADING CAPITAL = 51500

Booked profit = 1920

So good day today.

Booked loss = 970

Until 3 pm there was a negligible profit but to cover brokerage and other charges, I randomly entered a falling scrip and shorted it ...it turned and I ended up with big loss and that brokerage problem worsened. how many times I have done that....overall bad day...


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My trading style is " buy low sell even lower " or " sell higher buy even higher " .

Booked profit = 1500

2 positive, 2 negative trades ..ok but not very satisfying... I feel the positioning of stop-loss is not good..when to book profit is a major issue for me.

TATASTEEL BUY 200 @ 677 , sell 100 @ 687 , 100 @ 691 scrip goes to 695.

EDUCOMP buy 200@ 768... stop-loss hit @ 761

RENUKA buy 2000 @ 70.45 sell @ 70.9 scrip goes to 71.25..

The problem with trailing stop-loss is they always get hit..and eat away profits.. I recently started using them....

If you don't put your stop-loss then you have to monitor continuously on your buy and sell calls.

And at the end of day don't forget to close your position.

Happy trading!

Booked profit = 2600.

Target of 1000 per day after charges met.

Missed a very good chance on Bharti Airtel, watching its chart on Trader Terminal when rises from 321 to 325 in few seconds..could not react fast...and then came down somewhat slowly..

First time used real time data in Amibroker...not very successfully but it's ok...learning about futures and options...but at present they are going above my head...a lot to read..may be some seniors help.

Plans are there for swing trading and long term investment too after some time.

Bad day for Sensex...bad day for me..down with Bharti Airtel and power cut off....

If you are an active day trader, an inverter or at least a UPS (Uninterruptible Power Supply) is something that you should have.

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Thanks for suggestion, inverter is something which may be useful for my coaching classes too...so planning to buy that.

Not sure if day trading prove fruitful for me...read in some forum about a guy who lost 8 lakhs in day trading last year and taken two years to get rid of that personal loan.

Thinking of investing too that's why regularly reading portfolio section here...as a day trader no matter win or loss but I do not have to worry about taking wrong decision of buying bad shares...but for investment purpose or swing trading.. sound knowledge is necessary otherwise getting rid of bad shares may prove difficult so unless I m sure in this field I will not take delivery of shares ....

Today was good day to everybody...NIFTY GETS UP.

IDFC 500 @ 168.75 , sold @ 172.5.
Total profit = 2555 .

Bought 100 Reliance at 1051 and sold at 1055.50

This was an impulse buy.

Don't know what the actual profit will be after brokerage and taxes. But it fells good to have made any kind of money at all in day trading.

I chose the "broker" sqauare off and ICICIDirect generated the sell order automatically.

Question: How does one take a margin position for more than 1 day?

Most brokers don't allow overnight margin positions (at least in Indian markets). That's why they are called as intra-day also.

For such positions there is F&O.

You may choose to take delivery of the shares however, but by paying the amount in addition to the margin already paid.

After a certain time (usually between 2:30 pm and 3:15 pm), pending margin orders will be compulsorily squared-off by the broker, irrespective of you making a profit or loss. Check the broker's FAQ's for the exact time.


Edit: From the ICICI Direct FAQ page it seems that ICICI direct does allow carrying over your open BUY positions.

Hello all

I tried the same stunt, past whole month:-

Total rolling capital 130000/-

Holdings- Tata Power, Bharat Forge, Finolex Industries, Godrej Cons. LIC Housing, Orchid Pharma.

I did the Intraday in Bharat Forge, Finolex (not much though), LIC Housing for 3 weeks,

Total Profit 1420/-

Total Brokerage 5206/- ( some of them were squared off)

What do you think? .

Invest in a brokerage house.

I didn't get you, what do you exactly mean? .

Didn't you know that your broker makes more money than you. .
Atiker @ might have just commented. .

Your broker made more money than you and without any risk.

In the long run, brokers are the only people who make money from day trading and thus an investment in a broking firm makes more sense than day trading stocks.

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But in any case, you have to pay the broker, today or tomorrow. Even in the long term the broker will get his share. The squaring off with "minimum amount scale of brokerage" with small numbers of bookings surely help. I noticed 1 thing, the price range given on any day always reaches its high's and low's, and a weeks time is required to touch the high's in some stocks. But I have not yet seen the TAX scales. Any thread here on taxes?

Investing in broking firm - does this mean that I should give the money to a broker and he will do the rolling?

Are you asking about the tax that a day trader has to pay?

It means buy shares of a stock broking firm (if available at a reasonable valuation).

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No - I am asking if there is any special tax structure on income from stock sales.

Very much so! There are special tax structures and special distinctions between investors and traders and special books of accounts if the turnover exceeds a certain amount in the case of day-trading. You will need the help of a CA if you want to get into day-trading in a big way.

Ok, thanks all of you, on today's menu it is Godrej Consumer as intra-day bread and butter..

Can you please point to some web-resources for tax planning for intraday traders?