Day Trading on HDFCSec?

#1
Hi Everyone,

I have been trading (delivery) online for a couple of months but have never tried day trading. I actually don't know how to do it on HDFCSec. I tried looking at documentation on the site but it does not seem to be very good. Does anyone else here use HDFCSec and has an idea of how to do day-trading there? An example would be really helpful.

Thanks!
 
#2
Hi , i am krishna from hyderabad, i did day trading on hdfcsec.com, after several transactions, i found this hdfcsec.com absolutely useless, time-killing and lacks immediate information, so i suggest you to try day trading with other depository participants like anandrathi securities or india infoline....trading in these is very very easy and immediate, these two provide a real-time software that helps u in taking immediate decision while buying or selling or with any kind of order, also the margin provided by these is far better than hdfcsec.com.
 
#3
Hi could please explain "margin provided" in your reply with an example. what are these margins? How does it impact buying and selling - profits/loss
 

Alchemist

Administrator
Staff member
#4
Hi could please explain "margin provided" in your reply with an example. what are these margins? How does it impact buying and selling - profits/loss
to take position in the market, brokers don't ask for 100% upfront payment.

e.g. for day-trading, if the margin requirement is 20%,

a position of Rs 1 lac (Rs 100000) would only need Rs 20000 deposited with the broker.

this is known as margin.
 
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