R K Global Issues!

beginner_av · #**101** 8th June 2008, 10:32 AM

Hey milky, arm, traderwiz, hari and others

do you keep your futures position open overnight? Do they do proper accounting and give you margin details and daily ledger?

hari09omkar · #**102** 8th June 2008, 05:21 PM

Quote:

Originally Posted by beginner_av

Hey milky, arm, traderwiz, hari and others

do you keep your futures position open overnight? Do they do proper accounting and give you margin details and daily ledger?

No,av.....hardcore daytrader......no position overnight....so can't comment....hope others can help in having accountng feedback.

milkyblack · #**103** 8th June 2008, 07:39 PM

Quote:

Originally Posted by arm

I installed and connected just now. No difference in look or feel. Lets hope performance is better.

By the way you must have got the revised contract note today with the STT added.

Cheers! A toast to the new ODIN.

Yes, I got the revised contract note

with STT added in that

Got the ODIN installed, as mentioned... no notable difference! Lets see the performance...

Regards

milkyblack · #**104** 8th June 2008, 07:52 PM

Quote:

Originally Posted by beginner_av

Hey milky, arm, traderwiz, hari and others

do you keep your futures position open overnight? Do they do proper accounting and give you margin details and daily ledger?

av,

I have kept my future postions open for only few times... did not check the if the accounting was "proper"... but they do have daily ledger... where it shows the details of the margins etc...

I would check the details and would post if the a/c was "proper"... actually now I just do intraday... and it is absolutely proper... not a single error in calculations

Regards

arm · #**105** 9th June 2008, 01:28 PM

Quote:

Originally Posted by beginner_av

Hey milky, arm, traderwiz, hari and others

do you keep your futures position open overnight? Do they do proper accounting and give you margin details and daily ledger?

No, sorry, I do only day trading. However I remember that in ODIN fundsview link they give the margin blocked, etc. I also remember seeing a link in the downloads area of their website where you can download the current margin requirements.

For F&O their marketing people once told me that it is 15% or NSE prescribed limit, whichever is higher.

milkyblack · #**106** 9th June 2008, 03:49 PM

Quote:

Originally Posted by arm

No, sorry, I do only day trading. However I remember that in ODIN fundsview link they give the margin blocked, etc. I also remember seeing a link in the downloads area of their website where you can download the current margin requirements.

For F&O their marketing people once told me that it is 15% or NSE prescribed limit, whichever is higher.

Well I do not know abt that 15 % thing! Till Friday.. Margin for the NF was abt 25k...
And today it was too much... they told me that they have increased 10% on the NSE limit... i.e abt 45K(exact 46592!!!)... though when I traded with Sharekhan today it was the same... no increase.... RKG is scared when the market falls

Hari Sir, if you have traded with RKG today how much was your margin blocked?

Regards

beginner_av · #**107** 9th June 2008, 06:20 PM

finally account opened today. but may not fund it. First impressions:
Cant place Mkt orders.
When press F1 key goes to qty instead of price. Have to TAB to price - time consuming.
Once order entered, Order Book doesn't open by itself. Have to press F3. Many times new orders ARE not reflected. Pressing F3 opens ANOTHER order book.
Sometimes all trades are not shown on trade book.
To modify/cancel order, select order on order book, Right click, choose option or press Shift+F2/Shift+F3. No button on order entry screen. Bad for a running mkt when anyway I cant place mkt order. (Currently it is a 1 button step for me).
Broadcast server refuses to fetch data for symbols once limit of 20 is reached.
Cannot put mkt protection %.

Of course there are many advantages too:
1. Many mkt watch stretching across monitors.
2. Many order books stretching across monitors
3. Ticks based on conditions.
And some others.

The question is whether this results giving up 50p on 1000 per lot to save Rs 75.

beginner_av · #**108** 9th June 2008, 06:21 PM

thanks hari, milky and arm for your replies.

hari09omkar · #**109** 9th June 2008, 06:24 PM

Quote:

Originally Posted by milkyblack

Well I do not know abt that 15 % thing! Till Friday.. Margin for the NF was abt 25k...
And today it was too much... they told me that they have increased 10% on the NSE limit... i.e abt 45K(exact 46592!!!)... though when I traded with Sharekhan today it was the same... no increase.... RKG is scared when the market falls

Hari Sir, if you have traded with RKG today how much was your margin blocked?

Regards

Didn't notice really that how much margin they blocked,milky Sir.

arm · #**110** 9th June 2008, 11:03 PM

Quote:

Originally Posted by beginner_av

finally account opened today. but may not fund it. First impressions:
Cant place Mkt orders.
When press F1 key goes to qty instead of price. Have to TAB to price - time consuming.
Once order entered, Order Book doesn't open by itself. Have to press F3. Many times new orders ARE not reflected. Pressing F3 opens ANOTHER order book.
Sometimes all trades are not shown on trade book.
To modify/cancel order, select order on order book, Right click, choose option or press Shift+F2/Shift+F3. No button on order entry screen. Bad for a running mkt when anyway I cant place mkt order. (Currently it is a 1 button step for me).
Broadcast server refuses to fetch data for symbols once limit of 20 is reached.
Cannot put mkt protection %.

Of course there are many advantages too:
1. Many mkt watch stretching across monitors.
2. Many order books stretching across monitors
3. Ticks based on conditions.
And some others.

The question is whether this results giving up 50p on 1000 per lot to save Rs 75.

Yes, it does take a little time to get used to it. But once that is done it may not be as bad as it seems now. RKG's no documentation no help policy does not help things either.

You can use the + and - key for buy / sell instead of F1 or F2.

It is better to keep some windows always open. I keep market watch, order book, Net position and the trade book always open. That saves you from opening/closing it again and again. They automatically get updated no refresh required. You can also delete unnecessary columns from the windows or reorder them, so that relevant data is always visibile. All windows can be customised. Once the workspace is set up as you want, save it, so that everything comes up in place when you open it next time. Use File->Save workspace. Then open preferences and set the workspace to load automatically after login.