Hey guys, needed some insight on this situation
I have been trading for the past month using Karvy as my broker. I use their NEST trading platform
I use limit orders exclusively to reduce slippage. However most of my orders are never executed at the specified limit price, they are executed at a higher/lower price against me, how is this possible??
example -
one of my recent trades was I purchased
Axis bank at 778 and sold it at 806 using their platform,
however when I look at my profit and loss statement, it shows
Axis bank purchased at 781 and sold at 801
This is the same with ALL my trades! they are never executed at the limit price, I'm really confused.
Is this normal? or is this a problem with their trading platform and I should switch brokers?
thanks
I have been trading for the past month using Karvy as my broker. I use their NEST trading platform
I use limit orders exclusively to reduce slippage. However most of my orders are never executed at the specified limit price, they are executed at a higher/lower price against me, how is this possible??
example -
one of my recent trades was I purchased
Axis bank at 778 and sold it at 806 using their platform,
however when I look at my profit and loss statement, it shows
Axis bank purchased at 781 and sold at 801
This is the same with ALL my trades! they are never executed at the limit price, I'm really confused.
Is this normal? or is this a problem with their trading platform and I should switch brokers?
thanks