Stock Manager Advance 2 With Point Of Sale Module

BTSTATST BuyAcquire Today Sell tomorrow Z Connect by Zerodha Z Connect by Zerodha. Traders,In this blog we shall talk about BTSTATST which stands for Buy Today Sell Tomorrow or Acquire Today Sell Tomorrow. This is a facility offered by most of the stock brokers in India including Zerodha where you can buy stock today and sell it tomorrow before you get the delivery of the shares. Using this facility has its own merits and demerits and you will need to understand the equity settlement cycle before we go ahead with the topic. In India, we follow a T 2 settlement cycle when trading stocks please note we are talking about only stockequity trading. What this means is that if you buy 1. Reliance on Monday, you will get delivery of it get delivery means it will be credited to your demat account only on Wednesday evening Monday is T day, Tuesday T 1 day and Wednesday T 2 day. Kg-Xi5c/0.jpg' alt='Stock Manager Advance 2 With Point Of Sale Module' title='Stock Manager Advance 2 With Point Of Sale Module' />Similarly if you sell shares on Monday, you will receive the funds into your trading account on Wednesday T 2 day. Please note that SaturdaySundayPublic holidays will not be considered for delivery, so if you buy some stock on Friday, you will get it in your demat account only on Tuesday evening Friday is T day, Monday is T 1 day and Tuesday T 2 day. Another query people usually have is what is a trading and demat account, what is the differenceDemat account is basically an account where your stocks sit in a dematerialized format and this is the only use of the demat account. It is very similar to a safety locker in the bank where you keep your valuables, in the bank locker you keep the valuables in physical form and in a demat account you keep your stocks in an electronic form. Trading account is where all the action happens, trading account is where you keep your funds, trading account is where you buysell stocksF O, trading account is where your futures and options contract stays, where the intraday position stays. In case you buy a stock for delivery in your trading account, after 2 days the stock is credited to your demat account mapped with your trading account and when you sell stocks the same is debited from your demat account. For trading F O, you dont require a demat account as F O are contracts and they stay in your trading account till the end of expiry. Getting back to the main topic,When you buy a stock, ideally you should sell it only once you get delivery to your demat. So if you buy some stock on Monday, you should ideally sell it only on Thursday onwards. 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At Zerodha we let you buy and sell before getting delivery. What this means is that if you buy a stock for delivery on Monday, you can sell it on Monday, on Tuesday, on Wednesday and Thursday onwards. A common phrase used in the stock markets today is BTSTATST and used for trades when you buy stock for delivery and sell the immediate next day. At Zerodha, If you want to buy a particular stock for delivery, the product type that you need to use while purchasing is CNC Cash Carry you need to have a demat account for taking delivery of stocks, otherwise this option will not be enabled. Stock Manager Advance 2 With Point Of Sale Module' title='Stock Manager Advance 2 With Point Of Sale Module' />Description Intelligent and efficient network power protection from entry level to scaleable runtime. Ideal UPS for servers, pointofsale, routers, switches, hubs. Assume you bought 1. Reliance on Monday using the product type CNC and the present price of Reliance is Rs. Microsoft Word 2013 Kostenlos En Vollversion Deutsch more. To purchase as CNC, you will need Rs. Rs. 8. 00 x 1. 00. First Scenario You bought at Rs. PM you saw the price is Rs. You decided to book the profit and you sold the Reliance as CNC. Though you have bought and sold as CNC, this will be considered as an intraday trade and all taxesbrokerage will be according to intraday charges. Second Scenario You bought on Monday and Tuesday the price of Reliance was Rs 8. You decide to sell the shares, so you choose the option CNC and sell it you are doing a BTSTATST trade. On ZT, we show all these positions as T1 Holdings. T1 Holdings will show you the stocks that you have bought the previous day. Viewing T1 Holdings on Zerodha Trader. Third Scenario You bought on Monday and the price of Reliance went to Rs. Wednesday. You havent still got the delivery as it happens only on Wednesday evening. You can still sell using the CNC option. Again, if you want to see such holdings you will have to click on T1 Holdings as shown in the above picture. Fourth Scenario You bought Reliance on Monday and on Wednesday evening you get the delivery of stock, if you want to sell these shares anytime after Wednesday you can sell it using the CNC option. If you want to view shares which are in your demat account, click on the Holdings link as shown in the above picture. Merit of having an option to do BTSTATST sell before getting delivery of the stock to your demat account is that you have the flexibility of exiting anytime after buying the stock. Also when you do BTSTATST, you dont have to pay any DP charge. DP charge is what you pay when stocks are debited from your demat account IL FS charges Rs. NSDL charges Rs. 5, for every stockscrip sold at the end of day, no matter how many times you sell during the day. And because you are selling the stock before it hits your demat account, you dont have to pay any DP charges. Demerits If traders are looking to convert intraday positions to delivery, you need to keep in mind that STT Securities Transaction Tax will go up almost 1. Stocks sometimes are moved to T2. T SegmentTrade to Trade Segment by the exchanges to curb speculative interest. When a stock is moved to T2. T, you will have to compulsory take delivery if you buy and give delivery when you sell. When a stock is moved to this segment, you will not be able to do intraday trading or BTSTATST trading. How do you know if a stock is moved to T2. T segment If you look for the stock in either of the exchange websites, you will see if it is in normal market or T2. T. Also another way to know this is, while adding the stock on the marketwatch, you get an option to choose EQ or BE, EQ is for normal market and BE for T2. T. If the stock is trading as BE and not EQ, it means the stock is in T2. T. The most important thing to know about BTSTATST is RISK OF BTSTATST Selling shares before you have received delivery of the shares to your demat account Let me explain with an analogy You have deposited a cheque into your bank account for Rs. Wednesday evening, you write a cheque in favor of a friend on Tuesday. You know that your friend will present the cheque to his bank on Wednesday and by the time it reaches your bank, the other cheque would have cleared. Ideally, if the cheque you deposited gets cleared on Wednesday, the cheque you have given to your friend also clears. But we are not in an ideal world, what happens if the cheque you deposited into your bank account bounces on Wednesday Yes the person who gave you the cheque is penalized by his bank, but you are also penalized now because your cheque would have also bounced on Thursday. Similarly when you buy shares and sell it before delivery, what happens if you dont get the deliveryThis is called short delivery could be partialcomplete, this would happen when the person who sold you shares doesnt deliver stocks to you, this could be because the other person had shorted for intraday and didnt cover his positions, stocks hitting upper circuits and similar reasons.