Let’s say, I set 10 lakh as maximum money. Now, I have taken positions worth 9.5 lakh. Now I try to sell RELIANCE for 1 lakh, Kite will reject the order with the maximum money reason.
Why?
It will be helpful in cases like: User accidentally enter one extra zero, the user does not notice he/she has too much money invested already, the user loses his mind on a black swan event, for people who do algo trading, if there is a bug in the program, this feature will save them.
In my case, I do algo trading, and I very much fear someday, due to a bug, I will place multiple orders instead of 1 and make a good amount of loss. I know, I can write a function in my program to check this type of stuff, but a feature in Kite itself will give more peace of mind.
Also. the user should be able to change the limit anytime, and it would be effective immediately. Thoughts? Thank you