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Delivery Trade Vs Day Trading.? Paripassu? Same demat for differtent brokers.? Basis of listing?


I have some doubts regarding trading. You experts can help/advice me regarding this.
1. In day trading all the shares which you sold today should buy on the same day.
2. In delivery trading you can buy share today and you can sell it tomorrow (or any other day which you want). If so if am selling shares today then how it is classified as delivery trading or day trading (intratrade)? Or how I can prove that I am not doing Day trading?
3. Suppose I am selling 10 RPL share today which I bought 10days back, then how it is determined that it is not under the category of day trading. (otherwise I have to buy it back according to day trading rules)
4. Suppose I have 10 RPL share, one share cost Rs. 400. I want to place an order of selling today for Rs.1000. Is it possible? Or who has to decide the selling price (Minimum/Maximum)?
5. Is there any restriction that one cannot sell all the shares of particular company on same day? (Suppose I have 100 RPL share. I want to sell all these today. Is it possible? Of course if there are people to buy it only?)
6. What is pari-passu?
7. I have a Demat Account in ICCI. Can I use the same account to do trading in Sharekhan?
8. Today (11/02/08), the RPOWERL has been listed for Rs.530/. What is the basis of listing the same?

Hope some people will help me to find out these things.

To "bundle" most of your Qs into a few phrases:
Since you asked this in the U.S.A. forum: To day trade an account MUST have AT LEAST $25,000 U.S. in cash on-hand every trading day. This does not include any positions or any unsettled transactions.

The time it takes to settle stock trades is 3 business days.

As soon as the balance goes below $25,000, the trader must fund the account with more money OR a whole new set of trading rules applies. This varies from broker to broker, but the $25K is a hard. fast rule.

Your Q2: In the U.S. this is referred to as "swing" trading.

Broker electronically track every trade by every trader. When the trade is placed, you confirm the trade AND you have the iopportunity to print every trade placed, confirmed and completed. Yuor account also reflects the balances.

Your Q3. Day trading is in and out [entering and exiting] the same shares in the same company on the same trading day - regardless of the price.

Your Q4. You decide your own buying and selling prices through various kinds of orders.

Your Q5. Refer to my remarks.

Your Qs 6 & 7: I DON'T believe they apply to the U.S. exchanges.

You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to this free site, recognized by Y! A as a "Featured Knowledge Partner":
http://investopedia.com

Investopedia also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with your own hard-earned money.

http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner"

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

Wow, You have great questions. Although I am not an expert to answer all those. If your intrested in making your decision as to whether or not you want to daytrade let me know, I know of a great resource that will show you how to be a winner, and as well as teaching you the knowledge how to get there for daytrade. The way I saw it was in order to be a winner you have to invest in your success, just like going to school. The diffrence is, your making your money grow daily, while your learning. E-mail me for that resource. Otherwise Good Luck.

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