I started trading in SILVERM couple of days back. I am scalping for minimum 100 points in each trade. As and when SL hits I am exiting.
What I noticed is I am ending up doing 8 to 10 trades per day in last 3 days, and my the contracts show I traded some 40 lacs sell and 40 lacs buy everyday.
That is almost huge turnover amount for me, is it normal for scalpers in commodity to see such numbers? Does this effect taxation?
Request members to advise.
What I noticed is I am ending up doing 8 to 10 trades per day in last 3 days, and my the contracts show I traded some 40 lacs sell and 40 lacs buy everyday.
That is almost huge turnover amount for me, is it normal for scalpers in commodity to see such numbers? Does this effect taxation?
Request members to advise.