How to calculate average in intraday trading of NSE/NIFTY equity shares?
How to calculate average in intraday trading of NSE/NIFTY equity shares?
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Siri · External communityPost link
External question — Personal Finance Stack Exchange
Author: Siri
Original post: https://money.stackexchange.com/questions/126477
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I am beginner in intraday trading of NSE equity shares in Zerodha. Sometimes I have failed to calculate the average when I trade the same shares multiple times during the same day. For example:
During morning hours:
If I bought 1,000 number of HDFC shares at 500/- and it rose to 505/- in 5 minutes and I sold, my profit would be (1000*5=5000).
During afternoon hours:
If again I bought 2,000 HDFC shares at 490/- and it rose to 494/- in 10 minutes and I sold, my profit should be (2000*4=8000).
So the total profit for the day is 5K+ 8K= 13K but my calculation is wrong. I do not see 13K. I see something less than that. What is the correct calculation?
If possible explain for below scenarios as well
Scenario-1
Morning: Sale-buy
Afternoon: Buy-sale
Scenario-2
Morning:Buy-sale
Afternoon: sale-buy
Scenario-3
Morning: Sale-Buy(short)
Afternoon: sale-buy(short)
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santhosh kota · External communityPost link
External answer — Personal Finance Stack Exchange
Author: santhosh kota
Original post: https://money.stackexchange.com/a/137259
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
It is basically 5000+8000 as you have already mentioned. But I think you might have forgot to consider the brokerage charges, other charges like STT etc., on every trade which normally depends on your broker, the plan you choose, amount of trade you have done etc., I suggest get in contact with customer care of Zerodha to know more about it.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Siri Source score (net votes, not local likes): 0 Original post: https://money.stackexchange.com/questions/126477 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I am beginner in intraday trading of NSE equity shares in Zerodha. Sometimes I have failed to calculate the average when I trade the same shares multiple times during the same day. For example: During morning hours: If I bought 1,000 number of HDFC shares at 500/- and it rose to 505/- in 5 minutes and I sold, my profit would be (1000*5=5000). During afternoon hours: If again I bought 2,000 HDFC shares at 490/- and it rose to 494/- in 10 minutes and I sold, my profit should be (2000*4=8000). So the total profit for the day is 5K+ 8K= 13K but my calculation is wrong. I do not see 13K. I see something less than that. What is the correct calculation? If possible explain for below scenarios as well Scenario-1 Morning: Sale-buy Afternoon: Buy-sale Scenario-2 Morning:Buy-sale Afternoon: sale-buy Scenario-3 Morning: Sale-Buy(short) Afternoon: sale-buy(short)
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