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CALCULATION OF INTRA DAY TRADING PROFITS
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CALCULATION OF INTRA DAY TRADING PROFITS Intraday trading profit is calculated by determining the difference between the price at which you buy and the price at which you sell a security (such as a stock, currency, or commodity) within the same trading day. Here's a step-by-step process to calculate intraday trading profit: 1. Determine the Buy Price and Sell Price Buy Price: The price at which you purchase the asset. Sell Price: The price at which you sell the asset during the same trading session. 2. Calculate the Profit per Unit Subtract the buy price from the sell price to find the profit or loss per unit of the asset. Profit per Unit = Sell Price − Buy Price Profit per Unit=Sell Price−Buy Price 3. Account for Transaction Costs Brokerage Fees: These are charges for placing the trade. Taxes: Such as the Securities Transaction Tax (STT) in some markets. Other Costs: Any other fees like stamp duty, exchange fees, etc. Deduct these costs from the total profit. For example, if the...
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