On line Trading - Buy & Sell Delay?

investor0000 · 1 On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 12:37 pm

investor0000

Equity Analytic

Posts : 31
Equity Stars : 4898
Reputation : -1
Join date : 2011-02-13

If I have on line trading facility, can I sell some shares that I hold & immediately use those proceeds to buy some some other shares? or will the system take time to sell the shares, recognize the money the money coming in & then only I can use the money to buy the shares?

And how will the broker fees, CSE fees get recognized?

silentsahan · 2 In brief my bro Sat Mar 19, 2011 12:55 pm

silentsahan

Senior Equity Analytic

Posts : 68
Equity Stars : 4886
Reputation : -7
Join date : 2011-03-03

Yes. you can buy, sell any share immediately at the current price.
If you are not happy with current price, you can wait till time to
be an action boy.

In that case you can use Order-Book facility to do them...

once you sold, it will show in your online account. Then if you like try an
another..thas how things with online...

fees are around 1.02% (im not sure..)
some one may tell you the rest machan...

happy trading...... Very Happy

BenZ · 3 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 1:24 pm

BenZ

Manager - Equity Analytics

Posts : 114
Equity Stars : 4996
Reputation : 28
Join date : 2011-02-15

Brokerages and other charges for up to 50Mn transactions for any trading system ...

Brokerage Fees - 0.640%
CSE Fees - 0.084%
CDS Fees - 0.024% ( Minimum CDS Fee is 5.00/- per transaction)
SEC Fees - 0.072%
Share Transaction Levy - 0.300%

Total ----------------------- 1.120%

BenZ · 4 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 1:34 pm

BenZ

Manager - Equity Analytics

Posts : 114
Equity Stars : 4996
Reputation : 28
Join date : 2011-02-15

If you do both buying and selling doing in the same marketday (aka Day Trade) Brokerage will be waived off for buying transaction.

Then your total Transaction cost will be ----

Buying Charges = (1.12% - 0.64%) = 0.48% of buying amount
Selling Charges = 1.12% of selling amount

Approximately total will be = 1.60%

(Since your net buying cost and selling costs are different you can not say it is exactly 1.6%)

investor0000 · 5 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 2:07 pm

investor0000

Equity Analytic

Posts : 31
Equity Stars : 4898
Reputation : -1
Join date : 2011-02-13

Thanks a lot for all the replies....

So how will the actually cash movement take place? can we link our bank accounts?

silentsahan · 6 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 2:15 pm

silentsahan

Senior Equity Analytic

Posts : 68
Equity Stars : 4886
Reputation : -7
Join date : 2011-03-03

So how will the actually cash movement take place? scratch

can we link our bank accounts? Mad

BenZ · 7 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 2:31 pm

BenZ

Manager - Equity Analytics

Posts : 114
Equity Stars : 4996
Reputation : 28
Join date : 2011-02-15

You have to first deposit money on the Broker firm's bank account and send/give them the bank deposit slip. then broker firm maintain a track of your money (logically u can say it as a account too).

After that you can ask to buy shares for you from your adviser.

he will bought shares for you and instantly shares will be deposit on your CDS account.

Once you sell the shares, they will keep your money if you ask to hold otherwise they will send a cheque to you.

Money flow is like this ...

You (Buyer) --> Your Broker Firm (Their Bank account) ---> Seller's Broker Firm (Bank account of seller's broker firm) --> Seller

** Sometimes seller and buyer both may be from same firm.

bpm · 8 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 3:52 pm

bpm

Stock Trader

Posts : 5
Equity Stars : 4835
Reputation : 0
Join date : 2011-02-23

Dear Silentshan

Yes some accounts we can link, but surely some broker firms not allow this facility
I will add small things what I knew, some broker firms allow Comnet ( commercial bank on line facility ) direct debit facility which we able to deposit our funds without going to banks. It much easy but only thing it takes one working day to be credited.Better take a pdf printout to submit with your ID No to broker firm once you do the transaction through comnet. If you already have an account with Commercial bank and On line facility what you need is to asking your CDs account to link for this facility. It much easy !!.

bpm · 9 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 4:01 pm

bpm

Stock Trader

Posts : 5
Equity Stars : 4835
Reputation : 0
Join date : 2011-02-23

I need some clarification how the order book works.Say for an example if my bid price Rs 100 but ask price is Rs 102, how does it works. Do the broker interfere to nogotiate it or it will just by pass for the next bid ? what is the split 1 - 2 -.,,,, On line trading effective than the broker conversion ? How do I know I have done it ( buy or sell ) succesfully. I am using Amtrad web based on line system. Can anybody suggest best software to use for on line trading for phone.

silentsahan · 10 Thank you bpm!I mean very much... Sat Mar 19, 2011 4:07 pm

silentsahan

Senior Equity Analytic

Posts : 68
Equity Stars : 4886
Reputation : -7
Join date : 2011-03-03

bpm wrote:Dear Silentshan

Yes some accounts we can link, but surely some broker firms not allow this facility
I will add small things what I knew, some broker firms allow Comnet ( commercial bank on line facility ) direct debit facility which we able to deposit our funds without going to banks. It much easy but only thing it takes one working day to be credited.Better take a pdf printout to submit with your ID No to broker firm once you do the transaction through comnet. If you already have an account with Commercial bank and On line facility what you need is to asking your CDs account to link for this facility. It much easy !!.

oh my! thank you very much dear bpm bro.....
My firms are Ceylinco and asha... Ill ask them...
Really it is a good news bro..thank you again...
Very Happy

silentsahan · 11 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 4:17 pm

silentsahan

Senior Equity Analytic

Posts : 68
Equity Stars : 4886
Reputation : -7
Join date : 2011-03-03

bpm wrote:I need some clarification how the order book works.Say for an example if my bid price Rs 100 but ask price is Rs 102, how does it works. Do the broker interfere to nogotiate it or it will just by pass for the next bid ? what is the split 1 - 2 -.,,,, On line trading effective than the broker conversion ? How do I know I have done it ( buy or sell ) succesfully. I am using Amtrad web based on line system.
Can anybody suggest best software to use for on line
trading for phone.

I didnt get...

say:
your bid 100 ask 102
nothing will happen, until you go for 102 or seller go for 100...
or another seller or buyer may be the luckier...
Got it?
flower

achala75 · 12 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 5:22 pm

achala75

Senior Equity Analytic

Posts : 59
Equity Stars : 4908
Reputation : 0
Join date : 2011-02-08

On line trading is good. But little risky too. If you are a biginner it is not that much advisable doing trading through on line untill u learn stock market( specialy CSE) behaviour properly.. Small mistake would cause for a big loss. However it is good to learn with small quantities initialy.

Antonym · 13 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 5:34 pm

Antonym

Vice President - Equity Analytics

Posts : 1090
Equity Stars : 7456
Reputation : 275
Join date : 2011-02-09

When you have the power to trade at your fingertips, you need to be disciplined. The urge to buy or sell can be overwhelming sometimes.

If you are as impulsive as I am, you are likely to lose money initially. When that happens, of course, you become wiser. So, get in there and trade... You have nothing to lose but your money and your inexperience! Laughing

bpm · 14 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 10:24 pm

bpm

Stock Trader

Posts : 5
Equity Stars : 4835
Reputation : 0
Join date : 2011-02-23

What is the split follows with a number ( 1, 2 ) etc., in on line trading.

2011_NewComer · 15 Re: On line Trading - Buy & Sell Delay? Sat Mar 19, 2011 10:34 pm

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 5568
Reputation : 77
Join date : 2011-03-10
Location : Colombo

bpm wrote:What is the split follows with a number ( 1, 2 ) etc., in on line trading.

Split means how many people contribute to that bid or ask.
If there are 1000 shares and the split is 1 means - 1 person has put the order for full 1000 shares
If there are 1000 shares and the split is 3 means - 3 people have put orders for that price, and total number of shares to be traded at that price are 1000.(e.g. one person order 500 another 200 and the other 300, like wise..)

Smile