Hi, I’m kinda new to the platform, but I wanted to set a short order while having another buy order, but the system would sell the stocks that I already own, instead of setting a short order.
Is there any way to do this?
Thanks in advance
When trading in a CFD account and using a hedging mode, you can open multiple short and long positions with the same instrument. Each new position will be opened separately. You can find out more here.
If you’re currently using aggregating mode, you can switch to hedging by going to “Settings” → “Trading preferences”. Keep in mind that the trading mode can be changed when you don’t have any open positions and pending orders.
You need to be aware that I assume you’ll pay overnight interest on both positions whereas if you offset them (and let one cancel the other) you wouldn’t.
You are potentially significantly increasing your costs but having short and long positions simultaneously