Lets say, few stocks are bought as CNC and they are sold before the delivery takes place (say, day after the trading day), do i need to pay the debit charges or anything. Also is it possible to do…
Is there any buying method to hold onto some stocks without actually taking the delivery in DEMAT and selling after a time period. I am still pondering about the NRML, does it always do auto squareoff.
I am not trading huge volume, so the recurring demat debit charges for each one really bothers me…
If you are selling on next day it is called BTST. Read more here
You need not pay the debit charges on T1 day. Yes it is possible to sell like that
There is no buying method, you can sell on next day to avoid debit charges, but anything more than 1 day, it gets credited to your demat account. After that you need to pay debit charges, no other go. Some brokers allow you to keep the shares in pool account for 2 days or so (based on your request), but zerodha does not entertain such things it seems, (P:S: need confirmation)
NRML is not for equities, it is only for F&O. Once bought with NRML you can hold that F&O until expiry date. But daily MTM settles the NRML as like intraday basis. (So you could say this is intraday product moneywise, except you got to hold the contract until expiry)
Debit charges are scripwise for a day, and so If you sell several times in a day for same scrip, you will be charged only once. In my personal opinion, I think worrying about debit charges is unwarranted since profit/loss and other charges like Brokerage, STT etc are very high compared to debit charges.
It is Trading Company specific, call your trading companies customer care support & ask. It’s very simple. I have read most of the zerodha blogs, they are very interesting for all types of traders. But if you read more than one blogs, concepts varies, because they have different plants for getting brokerage. So know how your brokerage cut & then think of situation. Its always jumbling even you know the concept very well. So dont shy, CC is always there for your help…
Equity I only trade intraday usually (never a single stock went in to DMAT yet)
But I found using CNC order types gives me nerve/option to close the position till 3.29pm .
I dont need need the extra leverage so no MIS. but if Iam short selling intraday equity i use MIS order if I open the position early in the day. (usually a scalp)
Currency futures I hold overnight.(NRML order type)
Commodity (SILVM) strictly intraday but NRML order type to close the position till the last minute before market close.
iam only trading Indain stwk market since last 2-3 weeks (10-15 years USA market trading earlier)
u have 10~15 years of experience trading the US stock market ; can u pls share some wisdom …? I mean ; US stock marker vs India stock market ; where a intraday trader can make more money ?
Intraday trader can make money anywhere as long sufficiently capatilized.
Since I lived abroad, had an account in US with high 6 figures.
If you have to send money from India 25000-50000 $ to start with - there may be an issue even to process the TT.not impossibel , but not all banks do that easily.
there are no stamp duty,CTT,STT etc taxes in USA. just broker charge only+ very minute govt fees
25% (of a small orders here) of profits go to taxes here. https://us.etrade.com/what-we-offer/pricing-and-rates
All us e brokers are offering free brokerage . How do you think it possible. They sell the order flow to the market maker. In India it is more regulated but charges one leg & a foot. If you are a retail intraday trader you should not worry about a few pennies stolen from you by the market maker.
India also many brokers offer free Demat. why ! competion +you keep funds with them & they dont pay you interest. Customer un used funds at the broker over all increases brokers liquidity.
Unless you trade in aa bucket shop , all leading us brokers are goverened by Securities Investor Protection Corp (SIPC) under U.S. Securities and Exchange Commission (SEC) . your equity is guarenteed up $500k (250k$ cash). It is regulated as well as India& better. but execution is not direct to the exchange like in india (very transparent). Big boys GS,JPM,BAC who own the govt & SEC regulation (they write the rules) have bought out all the market makers & trade against the reatail order flow. That is the reality.
You have to worry only if you trade millions of $ cash equity… But futures is more regulated CBOT, CME maintain order book & excution like we do here.