How to do BTST trades at 5Paisa?
To do BTST (Buy Today, Sell Tomorrow) trades at 5paisa, follow these steps:
- Buy the Stock Using Delivery Product Type:
- Log in to your 5paisa account via the mobile app or website.
o Search for the stock you want to buy using the search bar.
o Select the stock and choose the ‘Delivery’ product type.
o Enter the quantity and place the buy order.
2. Sell the Same Stock the Next Day:
- On the next trading day, log in to your 5paisa account.
- Go to your portfolio and find the stock you bought the previous day.
- Select the stock and choose the ‘Delivery’ product type again.
- Enter the quantity and place the sell order.
Explanation:
- Settlement Cycle: Normally, stocks bought are delivered into the demat account the next day due to the T+2 settlement cycle.
- BTST Trade: In a BTST trade, you sell the stocks before they are delivered to your demat account. This allows you to take advantage of price movements without waiting for the stocks to be fully settled.
- Example: Buying shares on Monday and selling the same shares on Tuesday is an example of a BTST trade.
Important Points:
- Risk of Auction Penalty: Be aware that there is a risk of auction penalty if the seller of the stock fails to deliver the shares.
- Brokerage Charges: Check the brokerage charges and other fees applicable for BTST trades on the 5paisa platform.
Understanding how to do BTST trades is essential. Visit 5paisa today to experience seamless trading!
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