I’m always facing the issue of drop in pnl while exiting the positions with Dhan. While the p&l on screen shows 9k and after conducting clicking exit positions, the final pnl of 7.2 k is simply unacceptable and annoying. Usually the drop is 200 to 500 which is acceptable but more than 2k simply frustrating.
Hi @Rajv, we understand how frustrating this can be.
As checked, the exit was placed using a market order, which gets executed at the best available prices in the market at that moment. During fast moves or high volatility, this can lead to slippage, and the final P&L may differ from what was shown on screen. Brokers do not have control over how market orders are matched on the exchange.
If you want your exit to happen at a specific price, we recommend using a limit order while exiting. This helps you control the execution price, though execution depends on available buyers and sellers.
I couldn’t place limit order because it is short straddle and can’t take the risk of having one leg open in the market. I’m not sure if there is a lag in placing orders leading to this 22% slippage. Im happy with small slippage but such large slippages are killing my pnl.
Dhan is one of the fastest if not the fastest in sending orders to exchanges. this slippage happens due to liquidity issues and when there’s a sudden move. it’s normal to have this when you have multiple lots and making entry/exits in market orders. sudden moves in volatility will effect the prices and on top of that bid/ask difference is also there so both of them are responsible for the slippage you get.
Its not issue with Dhan but the price movement. I have also faced this many times. But the platform cannot save anything if the price volatility is huge.