Hi @Dhan@PravinJ, Currently on dhan platform, we can enter number of lots in the f&o order window.
Can you provide an option to enter quantity as well like we have it in Zerodha & kotak Neo (the screenshots are attached) so that we can use lots of quantity as per our convenience, to avoid any calculations involved?
For example, if I want to buy 400 quantity of Nifty 22900 CE, incase of lots I need to manually calculate number of lots first and then enter the lot number in order window which is little time consuming.
Similarly, when quantity option is selected by user and if incase he enters quantity incorrectly like for Nifty, instead of 225 he enters 200, kindly show the nearest proper quantity on the lower and upper sides ( 150&225) as a small nudge.
Since this is a small and useful one, kindly do not take much time to implement it after checking with your product team.
Hi @sri1647 The current experience on Dhan is lot based, and does not require user to keep in mind the calculations for quantities for any underlying index or stock.
In our opinion, this is the best experience and we have no plans to change this. For simplicity, we do show the quantity in lot size displayed next to the same in the order window.
It looks like you haven’t understood the traders problem here. Kindly read the example illustrated in point.1. if this is the best experience, then major brokers won’t provide other choice sir. There is no fault in providing multiple options as well.
I agree that you are showing the quantity next to number of lots but the quantity will be visible only after I enter number of lots. So if u want place order on the basis of quantity, in the current dhan window, a manual calculation of converting quantity to lots is definitely involved.
Moreover, the problem arises mainly for large traders. Suppose if I want to trade 900 quantity, then I need to remember the number of lots for each instrument like 45 lots for sensex, 12 lots for Nifty etc., and moreover nowadays the lot sizes are changing atleast twice an year. So, it is hard to trade based on lots. Think once.
We provide features looking at the data and insights that we have. If all platforms had same features, then there isnt a need to more than one borking platform in the industry.
It’s not about major brokers. Today almost everyone is shipping features that Dhan has shipped. We prefer to align with our users, data and insights driven from customers. Yes, there will be few for whom we may deliver a 95% experience over 100%.
I didn’t expect this kind of reply when a problem statement is given sir. Rather than addressing the problem, if you reply in this way, there is no use of asking feedback from clients. I had explained the problem in detail with two examples but you were unable to explain how dhan handles the same.
It’s great to know that you are leading the industry in terms of features but it doesn’t mean dhan has every feature what other platforms have. Some features might be good in other platforms and that is the reason we are sharing the feedback with dhan and requesting to consider the same.
Hi @sri1647 I think what he meant was, if more people use it as per your usage patterns, then Dhan could consider it. As of now, there are very less users for your ask so it isn’t on the table.
This one drawback, according to me, can be balanced out with the wonderful ecosystem you get here plus the ultrafast execution.
@Dhan@PravinJ one live scenario which I faced on Friday because of lots option. Generally my initial quantity to trade sensex options is 100 which is 5 lots. But in a hurry, I recalled the old lot size which is 10 and placed order for 10 lots, which is 200 quantity, means double the risk taking capacity. Nowadays, the lot sizes are changing rapidly. So, if quantity option is also provided for fno, such mishaps may not occur, I feel so. I know that you show quantity on top of the lot field but when in a rush, these small things become invisible.
