Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 07 Mar 2013, 02:55 PM

Raunak, if you bought 300 shares at 150 and 100 shares at 160, the way you are calculating is wrong, it is not simple average as the quantity is different so you cannot 150+160 divided by 2, you have to calculate weighted average. which will be around 151.5 and selling would be around 159.5, Rs 8 profit * 400 = Rs 3200. Don’t worry about all of this, the admin position will do this math, what you have to see is the MTM in admin positions. For the first trade it will show profit of Rs 3000 and when you take the second trade, it will now show 3200.. To see where MTM is , look at this [blog](http://www.zerodha.com/z-connect/blog/view/zt-view-positions-using-admin-positions)

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