R K Global Issues!

[alroyraj]

Yes, u r right. In fact it should be greater than Rs. 30,000 (considering many brokers charge 0.03% for intraday). But what if somebody trades hugely on exposure ? And when u take it as delivery ? Then also they charge Rs. 9. Now calculate with your delivery brokerage! It will be hugely beneficial to those who trade for very short term, BTST, etc.

Now for intraday, the beauty lies elsewhere...
If u trade in very low priced scrips, suppose u buy 1 lakh shares of Sanraa Media at 30 paisa and sell it 31 paisa, your broker will not charge u @ 0.03% but 3 paisa per share. Now think... u pay 6 paisa as brokerage for buy & sell i.e. u won't be able to trade in such scrips because its difference between lower filter to upper filter is not more than 6 paisa! In RKG u will get Rs. 960 profit in just 1 paisa profit margin (deducting Rs. 18 brokerage and taxes).

Earlier I wondered how these type of scrips generate so much volumes when Intraday trading is not profitable considering 1 paisa brokerage also. Then I came to know there are brokers who offer fixed brokerage / unlimited brokerage plan.

Of course if you are trading with a large amount like 1 lakh in such low priced scripts it does becomes riskier.Just as it is easier to profit ,losses are also incurred similarly. In money management rules usually state that 1% capital per trade and risk management should be maintained with an adequate stop loss. Trading with such scripts are good when the markets are bullish but in other market conditions it becomes a bit riskier.
The minimum charges are not incurred and instead we have a monthly charge of 999 but there is a real danger of overtrading recklessly.

 

[kaushikbanerjee]

Of course if you are trading with a large amount like 1 lakh in such low priced scripts it does becomes riskier.Just as it is easier to profit ,losses are also incurred similarly. In money management rules usually state that 1% capital per trade and risk management should be maintained with an adequate stop loss. Trading with such scripts are good when the markets are bullish but in other market conditions it becomes a bit riskier.
The minimum charges are not incurred and instead we have a monthly charge of 999 but there is a real danger of overtrading recklessly.

Of course there is risk in trading low priced scrips. Not only that u may not get enough liquidity in certain scrips to square off your huge positions. But I was giving here the mathematics only. There are certain low priced heavily traded scrips in which u can take risk. More risk-More Gain-More Loss.:thumb:

Regarding your 1% capital per trade, In practical I think it will be 10%. That is the cap on mutual Fund houses. As far as I know they can invest 10% of their portfolio in a single stock. Now considering your views, if u deploy only 20% of your capital for trading, will u trade in 20 scrips (1% each)?

So if u have 1 lakh, u buy worth Rs.1000 only in a single scrip ?

 

[MarketRider]

All in all its a risky game.....nac's experience with RKG scalping is not good...lets see what happens with us....awaiting RKG account...

 

[kaushikbanerjee]

All in all its a risky game.....nac's experience with RKG scalping is not good...lets see what happens with us....awaiting RKG account...

Stock market is directly proportional to a four letter word - RISK.
I don't scalp. If u trade 1 lot per day on an average in either futures or options, then also u r saving more than enough.

 

[mpnet]

they didn't stop, they upgraded it. i cant use odin as i am behind a firewall

can you not use firewall client and use odin then?

 

[mpnet]

I spoke to Kolkata office and they said, they're sorting out things of delay orders etc. and it will be ok soon... how its working for you guys?

can I get calcutta number. iwould liek to speack to them.

 

[mpnet]

My recos are:
Angel/Religare for ODIN and low brokerage
Indiabulls/Sharekhan for their excellent charting package

How much low angel and religare charge for active traders. please tell intraday and delivery rates both.

 

[mpnet]

Hi Lazytrader,
I am using both RKG and Sharekhan. I usually trade in F&O segment and prior opening account with RKG I use to trade with Shrkhn. In my opinion Shrkhn sucks in F&O segment, they charge Rs.100/lot one side while RKG charge Rs.9/ lot one side.
RKG Diet Odin contains n number of user friendly reporting features where Shrkhn's trade tiger is a dumb terminal in terms of reporting...every time you have to loginto there webpage to check margins n trades.
Shrkhn accounts books are full of technical jargons (very difficult for freshers to understand).
I accept that charting is good in Shrkhn which is not at all present in RKG Odin cliet. Shrkhn customer service is very good and they also provide tips and market update with complete research which is again a miss in RKG.
So overall I can say if a person want's to trade in F&O then go to RKG, Angel trading (they charge Rs.25/lot one side), Indiabulls
regards.....happy trading

you said angel charges 25 per lot, means it is for future one side. This should also be a good bet. What about their software? ODIN or or their own. how is connection. Please update.

 

[mpnet]

My recos are:
Angel/Religare for ODIN and low brokerage
Indiabulls/Sharekhan for their excellent charting package

Dear lazytrader, How much low angel and religare charges. And how is service. Please update. considering so many problems with rkg it si better to open account with angel or religare. As effectively cost to customer will be same any all cases. Please update.

 

[mpnet]

My recos are:
Angel/Religare for ODIN and low brokerage
Indiabulls/Sharekhan for their excellent charting package

Dear lazytrader, How much low angel and religare charges. And how is service. Please update. considering so many problems with rkg it si better to open account with angel or religare. As effectively cost to customer will be same any all cases. Please update.