Reverse your Position in Single Tap on Dhan
Stock positions can quickly move from positive to negative or the other way around in today's erratic markets.
Opportunities to trade quickly and profitably are created by the market's constantly changing mood. For this reason, Dhan has introduced a new feature that will enable you to trade more quickly and intelligently.
What is Reverse your Position in Single Tap?
With just one tap, you can alter the direction of your trade with this industry-first feature. For instance, you can now easily reverse your position to short Tata Motors without placing two separate orders if you purchased one stock of the company and the market begins to turn negative.
In other words, you can open the opposite position and close the current one in one step.
Why is this useful?
Because you don't have to make two separate trades, you save time and money on brokerage fees. For erratic markets where prompt action is crucial, this feature is ideal.
Without the trouble of making several trades, it enables you to quickly adjust to shifting market sentiment.
A screen from Dhan Charts:
How to use it?
Simply tap your current trade's reverse position option. The Dhan iOS and Android apps offer it. Your position changes direction in a matter of seconds while only paying brokerage once.
Dhan's dedication to improving the efficiency, speed, and affordability of your trading experience includes this new feature.
Frequently Asked Questions
What does "Reverse Your Position" mean?
It means closing your current position and opening a new trade in the opposite direction with a single action.
Why should I use this feature?
It saves time and brokerage fees by combining two trades into one.
Is this available for all segments?
Yes, it works for intraday positions in Equity, Futures, Options, Commodity, and Currency.
Where can I find the reverse position option?
On your open position, look for the reverse position button to switch your trade direction instantly.
Does this feature reduce brokerage fees?
Yes, because it combines closing and opening new trades into a single order, you pay brokerage only once.
Is Reverse Your Position available on Dhan Web?
Currently, it is available on Android and iOS apps.
Who benefits most from this feature?
Traders who want to quickly switch trading direction during volatile markets benefit the most.
Can I reverse partial quantities?
The feature is designed to reverse your entire position with one tap.
How fast is the execution?
The reversal executes instantly, helping you respond quickly to market changes.
Does reversing my position affect my profit or loss calculations?
The position reversal is treated as two trades combined, so your profit or loss is calculated normally, considering the closing and new position opening prices.
