I am new to trading, so please bear with me. Thank you !
I bought some stocks on margin, and sold them off the same day. At the end of the day, the broker sent me a margin statement which said something like "Money owed by client = Rs.1234" etc. What exactly does this mean? I bought and sold the stock on margin within a few hours the same day. Do I still owe money?
Also I have been buying and selling on margin. Is there anything I should be aware of, other than the risk or larger losses? Mine is a very small account, and I have no income as I am a student. Would buying on margin etc. create problems from tax point of view, since quantity bought/sold on margin can be huge?
Thanks again.
I bought some stocks on margin, and sold them off the same day. At the end of the day, the broker sent me a margin statement which said something like "Money owed by client = Rs.1234" etc. What exactly does this mean? I bought and sold the stock on margin within a few hours the same day. Do I still owe money?
Also I have been buying and selling on margin. Is there anything I should be aware of, other than the risk or larger losses? Mine is a very small account, and I have no income as I am a student. Would buying on margin etc. create problems from tax point of view, since quantity bought/sold on margin can be huge?
Thanks again.
Basic question about margin
