Hi,
I sold stocks I was already holding. But later in the day the price went up. So I converted the trade to intraday and did a square off (buy) at higher price. But I still ended up at loss. why?
You sold from your holdings on a FIFO basis, cost of which probably was at a higher price. Then you bought back at a higher price restoring your holdings qty.
Thanks for the replay. I still do not get it.
I bought 10 @ 6,457.95 on 6/sep
sold 10 @ 6,717.91 on 11/sep … delivery. later changed it to intraday
bought 10 @ 6,784.70 on 11/sep intraday
Should it not be : 6,784.70 - 6,717.91 = +ve P/L
Did you overall hold higher quantities? If so, how much did you initially hold, and what was the price for the shares you first bought (for your holdings).
Changing it to Intraday doesnt matter btw…
My bought only 10 qty (did one trade only) . So my initial hold is 10 qty and price was 6,457.95
Can you please elaborate on this.
We can not change a delivery trade to intraday trade?
Wait for settlement, you will have realized profit.
“Intraday” is just an order type, it doesnt do anything ‘different’ to holdings. If you sell same day without converting “intraday” it will still have same effect.
Edit:
Your loss on screen is intraday positional, meaning you sold low and bought high ‘intraday’. Will disappear tom. Dont worry about this.
settlement happened in “in loss”
how else can i get a more official response on this matter?
Maybe theres more to it.
Raise a ticket
Whats the buy average of the holding now?
6,457.95 …same as was on first trade (delivery).
Ah then you r good (since you have shares at that price still). I think since you sold and bought same day, your holdings are ‘as is’ and you have realized minor intraday loss.
does not seems so:
Realised Loss: -₹ 667.90
Net Realised Loss: -₹ 749.89
Trades Executed 4 (2 for buy/sell, another 2 other stock I bought)
Charges₹ 41.99
Brokerage₹ 40.00
Yes. That is the intraday loss. You sold low and bought high intraday. Your holdings are intact (because you effectively cancelled your own sell by buying back same day). You still have the shares, if you sell those now you will have a profit (assuming ltp is higher now)
@staff pl respond
Hi @JoBoLo, Welcome to Dhan Community.
If Buy Price > Sell Price, it is Loss
If Sell Price > Buy Price, it is Profit
As per your example for intra-day, the buy price was higher than sell price.
That was so basic. LOL … Thank you for the clarity 