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Share selling mistake

This is a discussion on Share selling mistake within the Stock Market forums, part of the Business & Finance category; Sir, i am custmer of Karvy Stock Broking limited, as my custmer id is 818009, i had purchased 30 shares ...

     
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  #1  
Old 04-15-2010, 06:11 PM
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Default Share selling mistake

Sir,
i am custmer of Karvy Stock Broking limited, as my custmer id is 818009, i had purchased 30 shares of Patni at NSE on 12.01.2010 and sold 15 shares on same day at NSE but sold 15 shares next day at BSE by mistake.
in my account portfolio i have faced of total loss of Rs. 12257/- till now, but when i called up my souda summry report which is showing loss of Rs. 23981/- which include amount of Rs. 7642/- of those 15 shres.
when i requested to Karvy and my DP , i have not recieved any reply, when i asked other advisers i came to know that these shares are transfered to Dp account, now only they can transfer to your account,
pls advise me
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  #2  
Old 06-28-2010, 11:41 AM
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It depends when you put the order in.

If you put the order in after the market closed (1PM EST) or on a holiday or weekend, the order will not hit the system until the next opening trading day.

If you entered a market order (not recommended), you will get whatever the price is on the next trade.

During market hours, a market order should be filled instantly. What price you get is another question. This depends on what you are investing in. A stock that traded with high volume, should execute in theory about where the market is when you entered the order.
Exception: Fast Moving market.


A stock that trades on low or thin trading volume often will not get a good execution (buy or sell price). This is because in part that few people are trading the stock.

If you entered a limit order, you are subject to asking for that price but for no less.
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Old 06-29-2010, 03:36 PM
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Trading in stocks is a serious business. It is not something that you do merely for fun. If you are looking for excitement, thrill and fun, then a casino is the right place for you. Stock market is not a game of roulette or poker that you bet your money in and wait for the wheel of fortune to stop at your number. And just in case it doesn’t, you groan and try to recover your losses as fast as you can thereby losing even more money. While it is a human tendency to crave for what one has lost, it is not the right strategy at the stock exchange. The mantrais not to panic, be calm and patient and wait for the next big opportunity. Do not do anything in a hurry.
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Old 06-29-2010, 03:39 PM
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Trading in stocks is a serious business. It is not something that you do merely for fun. If you are looking for excitement, thrill and fun, then a casino is the right place for you. Stock market is not a game of roulette or poker that you bet your money in and wait for the wheel of fortune to stop at your number. And just in case it doesn’t, you groan and try to recover your losses as fast as you can thereby losing even more money. While it is a human tendency to crave for what one has lost, it is not the right strategy at the stock exchange. The mantrais not to panic, be calm and patient and wait for the next big opportunity. Do not do anything in a hurry.


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