santhosh2005 said:
Hi,
I started trading on futures today only after so many problems i had (personal Problems). Today is the first trading day for me after around 3 months.
I started with decent profit i believe. Today i bought "Cummins" at 165/- and sold it out at 167.75. More or less i didn't forget the technical analysis to some extent.
I have some questions and i request to answer any one has..
Can i withdraw the profit today itself after borkerage?? or should i wait till settlement day? will premium or discount affect my profit in any way? Please explain.
I am using sharekhan software. On that Market window watch, there is "Open Interest" detaisl like, Current OI, Hight of OI, Low of OI.(these three will go up or down)
One more detail is there that is " Cost of Carry" against High of OI and Low of OI.
What does it mean that "Cost of Carry"? How to interpret that? It is going up and down even in minus(-).
Please can any one explain?
thanks in advance.
santhosh
santhosh,
why you need to trader futures, if at all you want to close the trade the same day? you can rather go for intraday trading.
anyhow, its your choice. Also, looks like fomr your posts, you havent still learnt what are meant by Futures, COC, OI (its impact on price), at Premium and at Discount, rolling your trade to next cycle, and settlement date and settlement price.
having the key of car isn't enough to drive, one time you may be successful in taking a little past corner, but you cant control when it starts getting out of control.
Sorry to dissapoint you, as a true friend from the forum, I discourage people to do futures. why prepare for 10th class exams, when you haven't/couldn't passed 1st class exams?
Satya