I am bit confused
If I bought a share at 10rs one week back.now the share price is 12rs if I sell the share (i get a profit of 2rs) .now the price has gone down to 10rs again on the same day and it’s showing 2rs profit in position .
if I buy it again on the same day.
Will i get profit of 4rs (2rs for selling+ 2rs which is showing in position).if yes can you explain how ?
No, your profit will be Rs. 2 only.
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When you buy back the shares sold on same day they remain in your holdings only. So you will not realise any profit or loss.
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Selling shares from holdings and buying back the same day will be considered as intraday trade. The difference between your selling price and buying price will be your P&L, in the above scenario Rs. 2.
You can learn more on this here: How is the buy average affected when shares from holdings are sold and bought back on the same day?
Ya but i have already earned 2rs by selling the shares (buying at 10 and holding for a week and selling at 12rs).and after selling it’s shows P&L in position that is +2(because the share price has come down to 10re again)
So if I buy again I will get 4rs right? (2rs by selling the holding shares + 2rs for buying again the same day)