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1. Thomas Aaroon   I Like It. |Report Abuse|  Link|January 4, 2017 11:01:58 PMReply
When you buy or sell the equity/Future contract of a same company or product, end of the day they will calculate Profit & Loss. In KITE there is possibilities for error. In my experience, I took short position in Aluminium Future contract, I sold 2 lot at different rates and timings and purchased 1 lot to exit short position and kept another 1 lot for tomorrow exit.
i.e, 3 trades in a same day, 1st trade is 1 lot sell, 2nd trade is 1 lot buy and 3rd trade is 1 lot sell. So 2 sell and 1 buy in same day.
1) 1st sell (1 lot) at Rs. 115.80
2) 2nd Buy(1 Lot) at Rs. 115.55
3) 3rd Sell (1 lot) at Rs. 114.90

KITE calculated my P&L as took the average of 2 sell(2 lot), i.e Rs. 115.80 + Rs. 114.90 = 230.7/2 = Rs.115.35, thus P&L is Rs.115.35 - Rs. 115.55 = Rs. 0.20, But, still I have 1 lot to exit(open Position),Now our concern is what is the price of open position ?

As per KITE, price of open position 1 lot is Rs. 114.9(KITE not considered the average price of 2 sold lots i.e Rs. 115.35). This is a big scam. So, updated P&L and open position price in KITE should be watched carefully, otherwise, KITE will suck your hard earned money without any mercy.