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Discussion > Shares & Stock > Others >

What is Intra day Trading in stocks?

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Senior Accountant export firm


[ Scorecard : 49]
Posted On 31 May 2010 at 20:17 Report Abuse

Actually i can understand trading, means purchase/ sale of securities, i can further understand that how to calculate capital gain? But i don't know, that what is intra day day trading, how to do that? what is the procedure of trading.


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vikaskamra
CA Final Student


[ Scorecard : 128]
Posted On 31 May 2010 at 22:12

intraday trading means purchasing and selling of shares on the same day...





Member (Account Deleted)
ca final new ,Article


[ Scorecard : 1011]
Posted On 01 June 2010 at 11:05

if you not sell the shares purchased on the same day it will automatically sold at market rate




CA Manoj Tilokani
JOB


[ Scorecard : 163]
Posted On 01 June 2010 at 13:47

SEE INTRADAY TRADING MEANS BUYING AND SELLING ON THE SAME DAY.PROFIT OR LOSS FROM THAT ACTIVITY IS SPECULATIVE PROFIT/LOSS.




YASH JAIN
ARTICLE


[ Scorecard : 551]
Posted On 01 June 2010 at 14:04

intra means within.            so intraday means within day u wind up all ur position weather long or short on shares,futures or options.




Anup rathi
CA FINAL


[ Scorecard : 268]
Posted On 01 June 2010 at 15:34

its simple rey.....intraday means u sell d share within d same day.its generally with a view to gamble.




CA. Ashutosh Nagar
CA


[ Scorecard : 25]
Posted On 01 June 2010 at 16:41

intraday tranction means securities deal in same or next day and it is speculative nature of business

and shuold be treated as othersources income of  the income tax act .




Pankaj Gupta
Chartered Accountant


[ Scorecard : 44]
Posted On 01 June 2010 at 17:17

The transactions of sale and purchases which are wind up in the same day are called intraday trades. It means that trader has not taken delivery of such transaction.




Himanshu Bansal
CA Final Group 2


[ Scorecard : 2050]
Posted On 01 June 2010 at 18:07

Originally posted by : Nidhi

Actually i can understand trading, means purchase/ sale of securities, i can further understand that how to calculate capital gain? But i don't know, that what is intra day day trading, how to do that? what is the procedure of trading.

As explained by all,Intraday trading is speculating for gains by buying/selling and squaring off those buy/sell positons on the same day..

Procedure is same as for other type of trades,ie,Deliveries/BTST/STBT.But the difference is that in Intraday,positions are to be cleared on the same day.




Nidhi
Senior Accountant export firm


[ Scorecard : 49]
Posted On 02 June 2010 at 06:20

Thanks all for your views.From the discussion I found that:

1. Sale / purchase Same day

2. Profit Calculation at the day end

3. Any profit and loss amount (in cash) we need to pa the same day.

4. Shares will be actually  purchased and sold same day.

5. If not sold those will be automatically sold at the day end at closing price of share.

But what will happen if in the case of loss, the difference amount is not in the account of trader.



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