Few Years Back I had an interest in Intraday Trading where we can make profit by buying
and selling stock in few hours .
I have applied for the same in Religare Securities Ltd .
From its Head Office an executive called over phone & fixed an appointment of mine .
A Relationship Manager who was working in Chennai Branch Contacted me &
I have Opened a Demat & Trading Account which is must before starting Intraday Trading .
He have given some tips about stocks, currencies, commodities and Intraday Trading .
I have visited their office & was introduced to my Dealer and started trading .
Buying a particular stock in particular numbers & selling in few hours I have got
Profit .
The work is finished in hardly 3 hours .
If it continues I would not stoped then .
The mistakes I have done were as follows:-
1) Without good knowledge I have entered into the Intraday Trading field
2) Apart from the Dealer’s advice in trading, By self-interest I have selected the stocks which are not recommended .
3) I have not understood the charges applied for the delivery .
4) Kept my another leg on Delivery which not comes under Intraday .
5) My Dealer also mislead me in delivery option .
Finally I have been faced the loss & dropped .
Yes, I have lost the opening account balance of 10, 000INR .
I wish & advice MouthShut.com Members not to do the mistakes what I have done .