uTrade AlgosTrade by amount is an innovative trading method that simplifies the investment process by allowing you to specify the amount of money you want to invest. The system then calculates the number of lots you should buy based on the current price of the stock. This approach streamlines the trading process by focusing on the investment amount rather than requiring you to manually calculate the number of shares or lots to purchase.
How Trade by Amount Works
Trade by amount operates by taking the specified investment amount and dividing it by the stock’s current price to determine the number of lots you can purchase. For instance, if you decide to invest ₹50,000 and the current price of a stock is ₹1,000, the system will calculate that you can buy 50 lots of that stock. This method removes the need for complex calculations and ensures that you invest the amount you intended.
Benefits of Trade by Amount
- Simplicity: The process is straightforward, as you only need to input the amount you wish to invest. The system handles the calculations, making it easier to manage your investments.
- Focus on Budget: It allows you to focus on how much money you want to invest rather than getting bogged down in calculations.
- Efficiency: It speeds up the trading process and reduces the likelihood of errors associated with manual calculations.
Share India’s Recent Feature
Share India‘s recent feature addition is trade by amount, which enhances the trading experience by allowing users to invest their desired amount easily. This feature simplifies the trading process and helps investors manage their budgets more effectively. With this, users can efficiently execute trades without having to worry about calculating the number of shares or lots themselves.