Hello,
Made a handsome profit yesterday and when I see my settlement summary, I ended in net loss. All I became aware was all is due to brokerage and allied costs.
For example, say, if I made a profit of Rs 100 with a T.O of around Rs. 5L, keepin my margin as low as 5 paisa in all trades, my settlement summary showed me a net loss of Rs. 58 (around).
Pl help me how can I make out this and end up with net profit.
See, When I make Handsome Profit I dont care about Brokerage and Other Taxes on That day But Yes, The day I make Loss I took pen and Start calculating Every 0.05 Paisa that from where it is coming and where it is going.
To Generate Profit Its Simple you have to cover that Brokerage & taxes First in that Trade after all these charges whatever is coming is your Profits.
Download the ZERODHA Brokerage Calculator Plugin And the Moment you Enter in any Trade Just punch your BUY price & SELL Price to End with Net Profit.
(This gives an Idea of at what Price you have to sell to cover all the charges)
Stamp Duty is not included in this plug-in.
Not all stocks will give you profits by selling at 5 paise. While lower stocks like JP, South Bank, Rcom etc will give you profits but selling stocks like ICICI Bank, Titan etc at the same rate will not give you returns… In fact you will keep on loosing your capital every time you trade. So, you should use Zerodha brokerage calculator (sometimes this is also not exactly…it’s just an estimate).
