Asking Maths to fetch M🤑ney !
Putting Maths to work 💸💸
Source Data: https://finance.yahoo.com/quote/HDFCBANK.NS/history/
As a mathematics tutor, I find topics like percentages, profit and loss, etc. quite straightforward. However, there are instances, such as the one described below, where it becomes challenging.
People who crack this problem are the ones who cock a snook at the lowly paid Maths tutors like me.
Over the past year, HDFC Bank’s stock price has fluctuated between a high of +3.10% and a low of -4.28% . (Datafilelink)
Let’s imagine a scenario where you engage in daily trading, considering both the opening and closing prices. Each day, you must close out your position, either with a profit or a loss. By the end of the year, would you find yourself in a position of net profit or net loss?
Additionally, remember to factor in the transaction charges (brokerage fees) that would be incurred.
If you examine the chart above, you’ll observe that roughly half of the days yield positive returns, while the other half result in negative returns.
All feedback is welcome.
