Hey everyone, I have a simple question. Let’s say I bought some shares of Stock X and took delivery of them.
Now, after holding the stock for 3-4 days, I decided to sell it. When I sold it, it is showing 3% profit in position - not delivery.
Here are my questions:
- Can I convert this sell transaction to an intraday trade and buy the same stock again on the same day?
- If I go ahead with the above intraday trade, which price should I consider as my average buy price - the original one when I first purchased the stock or the latest one from today’s intraday trade?
I appreciate your help in understanding this better!