Hi,
I Want experts reviews on this trading technique.
Let's assume I buy for delivery in Zerodha:
Yesbank Shares : 1750
Yesbank Future: Short
Now, Stocks get credited to my demat account in T+3 days.
On 4th day In morning I exit both of my positions from my account.
So, Now Zerodha will have my open position of 1750 shares sold.
======
If Yesbank share go down
On the same day evening If yesbank share go 5 points below from my selling price.
Now, My open position will be 1750*5 = 8750Rs. profit.
I will buy my share again and buy the future again for the next day.
Is this will be okay or Any other thing may happen here?
[Edit]
Please don't put comments for Brokerage.
I Want experts reviews on this trading technique.
Let's assume I buy for delivery in Zerodha:
Yesbank Shares : 1750
Yesbank Future: Short
Now, Stocks get credited to my demat account in T+3 days.
On 4th day In morning I exit both of my positions from my account.
So, Now Zerodha will have my open position of 1750 shares sold.
======
If Yesbank share go down
On the same day evening If yesbank share go 5 points below from my selling price.
Now, My open position will be 1750*5 = 8750Rs. profit.
I will buy my share again and buy the future again for the next day.
Is this will be okay or Any other thing may happen here?
[Edit]
Please don't put comments for Brokerage.