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Wow 😍
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FII bagao


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Indian ke pass bahut Paisa hai
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https://youtu.be/esx8WDEohT8?si=RxWDBMUwTjraTwbi

بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيم

Intra-Day Trading whether it is permissible or not ?

By Definition Intra-Day trading means buying and selling of the shares on the same day.

This is a bookish definition now let's see what happens when we choose Intra-Day on our brokers applications.

When we choose Intra-Day on our brokers application two things happen-
1) Margin
2) Auto square off at the end of the day.

Now let's discuss these things, start with the margin, brokers provide margins to earn interest on that and to earn more brokerage fees.

Now let's enlighten the auto square off, if you don't sell the shares on the same day brokers will sell your shares without your consent before 3:30.

Now, what Islamic Scholars tell us about this, again start with the margin, as I already wrote broker provides margin to earn interest and Islam prohibits interest. So, if you trade with the amount on which you are paying interest this will not be permissible. This is one of the reasons that Intra-Day is not permissible.

But here someone can argue that if brokers provides interest free margin then,.......

So, the answer is still Intra-Day will not permissible, because Abhi hamne dusri condition to discuss hi nahi ki.....

Second condition which is auto square off, as I already wrote your broker will sell your shares without your consent it means shares was not in your possession, so you couldn't sell anything which is not in your possession. This is the second and more important reason that why Intra-Day is not permissible.

As far as the webinar and article of Islamicly, they allow day trading only if you are not taking any margin and the condition of auto square off must not be there.

Allah Knows Best.

Regards
Shariah compliant share market group
جزاك اللهُ خيراً

Q: If we purchase shares on delivery, is it permissible to sell that on the same day ?

A: Before answering this question lets understand two concepts-
1) Physical Possession

2) Constructive Possession

Physical possession simply when you actually hold the shares, it means when the shares get credited to your Demat account.

Constructive possession refers to when you have control over the item without having them in physical possession. (Trading Day, T+1)


The answer to the above question is, Majority of Islamic scholars have the point that the selling of shares is only permissible when they are credited to your Demat account. It means you got the constructive as well as physical  possession of the shares.

The second thing, there are very less number of Islamic finance experts who believe that we can sell the shares anytime if we have purchased them on delivery, and according to them, only constructive possession is enough, and physical possession is not mandatory.

One more thing I want to clarify that just think about it what is a share? and what is the real concept behind this? So the answer is that a Share is simply the smallest unit of ownership in the company and we purchase shares to become owners of the part in the company.

Now if you are the owner of the company it means if the company earns profits you must have a part in that profits and at the same time if the company makes any losses you must have a part in it.

So just think if a company distributes dividends on some date for example today what do you think will you get the dividend if you purchase the shares today or even yesterday, the answer is no. company provides dividends only to those shareholders that have the shares in their Demat account, it means companies consider owners only those people who have the shares in their Demat account. Islamic scholars consider this as a transfer of risk and it happens only when shares credit to the Demat account.

I hope this will clear your doubt regarding day trading.

It would be better for us to sell the shares only when they are credited to our Demat account.

These are the reasons that we should not promote day trading my respected brothers and members.

Allah Knows Best.
@AbdulMoizz

Monday market close rahega👆

BigBreaking 😬

35 lakh weddings in India in next 25 days*

How to do Pyramiding

First thing
Our example
We want to buy 100 shares of abc with present CMP 120

Now let us say we want to do pyramiding that is adding 50% at every increase of 3% on cmp (not value)


So if we plan to complete our 100 qty in 6 different orders
So our qty will be some thing like this
50
25
13
7
3
2 etc

Like wise our buying CMP at each order will be
120
123.60
127.31
131.13
135.06
139.11

Hope this is clear until here ?

What we r doing is at every increase of 3% on our CMP we buy next mentioned qty

50x120=6000
25*123.60=3090
13*127.31=1655
7*131.13=917.89
3*135.06=405.18
2*139.11=278.23

Total
100 qty and total Investment is 12346.30

Correct ?
Now what I am getting benefit from this ?

My average price is 123.46
Present CMP is 139.11
139.11-123.46=15.65

Even if I am adding while increasing in the manner we discussed above we have profits of 1565 on total investment of 12346.30

If I had purchased at one go I would have invested 100*120=12000

What I had spent more is 12346.30-12000=346.30
Correct ?

Now the benefit of this is until the price increase by 3% I am left with an amount 50% or less for another trade

Like my initial investment was supposed to be 12000 for one go but I invested only 50% that is 6000 and I remain with 60000 for another trade

Whatever time it takes for increase of 3% even after it falls and reaches back to 3%+on my previous CMP I am having that amount for another trade

Now you may be thinking that we have 3% in crease on cmp for each order by so we are loosing the average benefit

But let us check

What is the total amount invested by pyramiding 12346.30 instead of 12000
So what is the percentage difference

How much more are you investing
It is just 2.89% more that's it

So the super benefit is I have cash in hand for another trade
I am at less loss even if the stock falls
I also have an option of doing averaging like in earlier session where stock fell 20% and we exited with profits as well
All benefits by just spending more 2.89%

I can easily cover up this 346.30 extra amount by using 6000 amount in another trade
My trade is safe, my investment is safe and even at the last buy we still are in profits of 1564.70

Session conduct by : Aijaz bhai
Typing by - Abdul Raheem bhai

Following books are added

Fibonacci_Trading_How_to_Master by Carolyn_Boroden
https://drive.google.com/file/d/1VIsP_jr5_Mlh9lJaM8_3J9H7csIvXnGV/view?usp=sharing


How to Trade with Price Action by Galen_Woods
https://drive.google.com/file/d/1UySidJTeIlWRgs1BTpq3Wf5IMY5XWq_H/view?usp=sharing



Identifying Chart Patterns with Technical Analysis by Fidelity
https://drive.google.com/file/d/1UsEWgs-APjPWM7_v3-02jOI4KZdwgU0L/view?usp=sharing


Mastering Elliott Wave by Glenn Neely
https://drive.google.com/file/d/1V-nldROygVhcx1_Dcfo_6U6Di_Cr03-3/view?usp=sharing

Fire Your Stock Analyst Analysing Harry Domash
https://drive.google.com/file/d/1V2S0WmCfeub0Dz_B7eY2PVw0ykjRmT1Q/view?usp=sharing

#NewsAlert 🚨Berkshire (Warren Buffett) sells its entire 2.46% stake in Paytm.

Invested Rs 2200 crore in September 2018 and now exited for Rs 1370 crore
Loss of Rs 830 crores and 5 years time
Lesson avoid loss making companies

CEO of Alphabet Google 🇮🇳
CEO of Microsoft 🇮🇳
CEO of YouTube 🇮🇳
CEO of Adobe 🇮🇳
CEO of World Bank Group 🇮🇳
CEO of IBM 🇮🇳
CEO of Albertsons 🇮🇳
CEO of NetApp 🇮🇳
CEO of Palo Alto Networks 🇮🇳
CEO of Arista Networks 🇮🇳
CEO of Novartis 🇮🇳
CEO of Starbucks 🇮🇳
CEO of Micron Technology 🇮🇳
CEO of Honeywell 🇮🇳
CEO of Flex 🇮🇳
CEO of Wayfair 🇮🇳
CEO of Chanel 🇮🇳
CEO of OnlyFans 🇮🇳
CEO of Motorola Mobility 🇮🇳
CEO of Cognizant 🇮🇳

Note: citizens of India, citizens of other countries but born in India, Indian origin, or with Indian parents

I tell you to keep going, not because it's easy. Not because it doesn't hurt. I tell you to keep going because there's no other way. To stop is to die. Life is in motion. In growth. In change. Life is in seeking and in finding. Life is in redemption. Each moment is a new birth. A new chance to come back, to get it right.
A new chance to make it better.

-Happy Monday friends.
Have a rocking week 🔥

Wind Power = Green Power

Suzlon Turbine at Work near Nani Virani, Kutch - Gujarat

#Kutch #WindPower #Suzlon

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