Want to know what Sold Holding is? If you’re not sure what ‘Sold Holding’ is in Zerodha then, i will will tell you everything you need to know. Zerodha is a zero brokerage firm and is one of the fast-speed trading platforms capable of streaming data from the market.
Sold Holding in Zerodha means that the holder’s share was successfully sold. If the user wishes to close the position and repurchase the share, he may do so. This will be visible in his holdings, and it will be treated as an intraday trade.
What is Zerodha?
With the internet being so easily accessible the world is more aware of the importance of investing in the stock market. Initially, everything was manual and any information of importance was distributed through hidden sources. Now with ever-growing technology and access to a myriad of applications, the process has become fast, secure, and easy.
Zerodha is a zero brokerage firm and is one of the fast-speed trading platforms capable of streaming data from the market. It makes use of advanced charts, a clean user interface, and many other attractive features. The application provides a smooth and seamless experience to the users on both android and iOS platforms. Zerodha also goes by the name of ‘Kite’.
Zerodha offers its users an excellent opportunity to sell their holdings at any given time. Since there are no exchange-mapped stocks in the user’s Demat account, the user can sell them off anytime in one exchange. After making a purchase in BSE or NSE, the user is still free to sell their stocks the following day according to their choice. By default, Zerodha reflects holdings at the exchange price. In this case, the stock closing is on the higher side.
When the user chooses the exit option from their holdings, the exchange automatically opens in the form of their order. However, if the user wishes to sell their holdings through another platform, such as the BSE or NSE, they can add their desired stock to the Zerodha watchlist and sell it as desired.
What is Sold Holding in Zerodha?
To put it in layman terms ‘sold holding‘ in Zerodha implies that the holder’s share was successfully sold. If the user wishes to close the position and repurchase the share, he may do so. This will be visible in his holdings, and it will be treated as an intraday trade.
‘Exiting the position’ is another term for it in the professional world. It means that users are closing their positions or selling the shares they have brought.
For example, if a user purchases shares of a stock, those shares will appear in their Demat account. If the user wants to sell the shares, he can do so by going to the ‘options’ tab and selecting the ‘exit’ button. The user will be able to exit his position in the stock market by tapping this button. Immediately following this action, the sell window appears, allowing the user to enter the number of shares to be sold, the price, and other details.
With the progressive inventions taking place day by day it has become easier to operate the trading account by new users as well. Since Zerodha offers a seamless experience with its efficient user interface it has become easier for new customers to handle their trading accounts too. Professionals can make the most of the share market using the application. This application allows its users to get the most out of the trading market. Zerodha has simplified the stock market game by introducing innovative ideas, great usability, and easy access to information. Anyone can now make use of its features to have a strong start in the trading business.