Cost ke shabd: slippage, liquidity, breakeven aur margin.

In 4 shabdon mein sabse zaroori sawaal hamesha ek hi hai: yeh number kis cheez ko gin raha hai, aur kis cheez ko chhod raha hai. Ek breakeven charges se pehle, ek included charges ke baad, aur ek account ke har debit ke baad — 3 alag numbers hain aur yeh 3 apne-apne scope ke andar sahi hain.

Isi wajah se 2 jagah ke cost numbers ka match na karna apne aap galti nahi hai. Aksar dono alag scope gin rahe hote hain. Scope bataye bina diya gaya cost number adhoora rehta hai, chahe uski arithmetic bilkul theek ho — aur adhoora cost number aam taur par asli se chhota dikhta hai.

Jis price par fill maana tha aur jis par actually mila, unke beech ka farak. 100 par fill maana tha aur 100 rupaye 20 paise par mila — 100 units par entry cost 20 rupaye zyada, baaki fees se pehle.

Yeh kya nahi batata: slippage favourable bhi ho sakti hai aur adverse bhi. Ek fixed assumption future execution ki guarantee nahi hai, aur yeh kisi contract note par ek line ki tarah nahi dikhti — isliye yahi cost sabse zyada chhoot jaati hai.

Aapki quantity maujuda prices ke aas-paas kitni aasani se transact ho sakti hai. Yeh order book ki property hai — kitni size padi hai, spread kitna hai, aur consume hone par kitni jaldi bhar jaata hai.

Yeh kya nahi batata: purana volume abhi ki liquidity ki guarantee nahi. Last traded price executable quote nahi hai. Aur patli book mein maane hue exit levels aur paper fills asli se kaafi behtar dikhte hain.

Liquidity waqt ke saath badalti bhi hai. Jo book subah gehri thi woh dopahar patli ho sakti hai, aur kisi bade announcement ke aas-paas woh chand pal ke liye lagbhag khaali ho sakti hai.

Woh bindu jahan kisi tay kiye gaye accounting scope mein result exactly zero hai. Scope hi poori definition hai: charges se pehle, tool ke included charges ke baad, aur account ke har debit ke baad — 3 alag numbers.

Yeh kya nahi batata: breakeven yeh nahi batata ki wahan tak pahunchne ki kitni sambhavna hai. Aur rounding ke baad cost cover karne wala sabse chhota achievable price aksar exactly zero ke thoda aage baithta hai.

Woh amount jo leveraged position carry karne ke liye maintain karna padta hai. Yeh collateral hai, position ki keemat nahi — position khulne par block hoti hai aur band hone par release.

Yeh kya nahi batata: margin hone se yeh tay nahi hota ki trade samajhdaari ka hai, aur margin nuksan ki limit bhi nahi hai. Position blocked amount se zyada kho sakti hai, aur beech mein additional funds bhi maange ja sakte hain.

Aur margin ki zaroorat sthir nahi hai. Woh volatility, position ke size aur exchange ke apne rules ke saath badalti rehti hai, isliye ek din ka blocked amount agle din ke liye anumaan nahi hai.

In 4 mein se do — slippage aur liquidity — kisi contract note par apni alag line nahi rakhte. Isliye hisaab se sabse zyada wahi chhoot jaate hain, jabki asli natije par unka asar brokerage jitna ya usse zyada ho sakta hai. Jo cheez bill par nahi dikhti, uski keemat shoonya nahi hoti.

Aur inme se koi bhi yeh nahi batata ki kisi jagah tak pahunchne ki sambhavna kitni hai. Breakeven arithmetic ka ek bindu hai, koi anumaan nahi. Margin ek collateral requirement hai, nuksan ki limit nahi. Yeh 4 cost aur risk ka varnan karte hain — natije ka koi varnan inme nahi hai.