Playing since 2005 lost 13+3 lakhs

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murthymsr

Well-Known Member
#423
#423
stock72 said:
Friends,

please help. is it ok if i go to market as follows

70% chance to win and gian x amount and 30% change to loose and loose 2x amount ?
Click to expand...
Let us say traded 100 times investing Rs. 100 each time and Gain at x% & Loss at 2x%.

70 times gained Rs. 1/-
Total gain = Rs 70/-
30 times lost Rs. 2 each time.
Total Loss = Rs 60/-

Gross profit = Rs 70 - Rs 60 = Rs 10.

Total turnover = 100*100 = Rs 10,000
*Brokerage, Taxes & duties together @ 0.2% = Rs. 20
(*It is generally much higher than this rate.)

Net Profit / (Loss) = (Rs 10/-).

So, Income tax saved. :D
 
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