Re: Time to Stick my Neck Out ,Nifty 7300
Hi, I calculated, in the brokerage of 180 that we pay , broker gets around rs.102/- and the exchange and stt ans service tax taxes etc are Rs.80/-!!!!!
But dont you think the net result matters.... yes let us stive to reduce the cost....
Thanks.
gkpc
Dear Gautam ,.. n other members ,..
Few of the things one should not forget while ur a day trader.
>> Brokerage rate - what everybody thinks they r paying higher brokerage. I should say a higher brokerage should not matter till ur broker is giving u what u want.
>> I m not against Rmoney but as far as i know the trading procedure in Rmoney is using Token Key. Now in a Volatile market u can not trade faster with it. So its useless stuff from Rmoney even if its free.
What an intraday trader needs ,.. is simple and fast interface to trade.... Sometimes leaverage position... and a rational brokerage.. Thats it.
My broker charges me 2 paisa for intraday . So for me i dont think i will seek
for cheaper than that as far as i m earning. Tuning between u and ur broker also matters rather then brokerage. And my broker helps me , and even sometime when i need leaverage ( i dont need to rush to my bank account and give him a cheque instantly. ).
So for me , Trade with one broker for long time gives u more flexiblity also u can get ur rates deducted time by time. I'm just wondering people r afraid to pay 5 paisa a day. I remember i paid 20 paisa a day for intraday trades. so for me from 20 paisa to 2 paisa .. quite cheaper right ??
Regards,..
Darsh