Know the details about the How To Sell Intraday Shares In Upstox Stocks Online Procedure, Sell Intraday Shares In Upstox Stocks Cost Online Process
How to Sell Intraday Shares in Upstox: A Comprehensive Guide
Intraday trading is an exciting and potentially lucrative aspect of the stock market, where you buy and sell your stock holdings within the same trading day. Here we’ll guide you through the step-by-step process of selling intraday shares on Upstox, one of India’s leading discount brokers.
How To Sell Intraday Shares In Upstox Stocks Online Procedure
Step-by-Step Procedure
1. Login to Your Upstox Account
Use your registered mobile number to log into your Upstox account.
2. Select the ‘Watchlist’ Tab
Here you can monitor the stocks you’re interested in or already own.
3. Choose the Stock You Want to Sell
Select the stock you want to sell from your watchlist.
4. Click on ‘Sell’
This option will be available once you’ve selected a stock.
5. Select ‘Intraday’ in the Product Field
While placing the order, select ‘Intraday’ instead of ‘Delivery’ under the product field.
6. Confirm Your Sell Order
After clicking ‘SELL’, you’ll need to confirm your decision to sell your shares.
7. Enter the OTP
An OTP will be sent to your registered phone number and Email ID. Enter this OTP to authenticate the transaction.
8. Finalize Your Sell Order
Your sell order will be placed on the market. Once matched with a buyer, the transaction will be completed, and the funds will be transferred to your trading account.
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Things to Know
- Intraday trading involves higher risk compared to regular stock trading. Always plan your trading strategy and stick to it
- Keep yourself updated with market trends and news that can affect stock prices.
- Use only the funds you can afford to lose for intraday trading
FAQs
What is the difference between ‘Intraday’ and ‘Delivery’ in Upstox?
While ‘Intraday’ refers to buying and selling stocks within the same day, ‘Delivery’ refers to holding stocks for more than one day
How does the OTP authentication work when selling shares?
Once you confirm your sell order, an OTP will be sent to your registered phone number and Email ID. You need to enter this OTP to authenticate the transaction
Can I convert my intraday trade to delivery?
Yes, you can convert your intraday trade to delivery in Upstox. However, you must ensure that you have enough funds in your account to do so
Selling intraday shares in Upstox is a straightforward process, but it requires careful planning and strategy. With the right approach and tools, you can make the most out of your intraday trading experience.
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