Maintaining a position running at a loss?

šŸ¤ Help
1

Hi,

I have been investing for 3/4 months on the ISA account and usually when I need to sell something the full amount goes into my free funds.

But last week I sold a share for Ā£71 and received Ā£60 in my free funds. I emailed and the customer support said some of the funds went into ā€˜maintaining another stock that was running at a lossā€™.

I donā€™t really understand this term as do I not own the full share? What does it mean maintaining?

I asked some other traders and they said I should not have lost any money as stocks canā€™t lose more than I have put in, in a S & S ISA?

I did have a stop loss on the ā€˜stock that was maintainedā€™ and it was $2 above it, not sure if that affects it

2

@SharadR Everything looks okay with your current account balance. Adding up deposits, dividends & closed positions result gives you the exact figure that you currently have.

Iā€™ll send you a more detailed calculation in your private messages.

1 Like
3

Thanks David,

I guess the main question is that in my order history it says Total - Ā£71 on the receipt of the sold share. So how come I only got Ā£60 to withdraw in free funds?

Please can you assist with an explanation of this.

Thanks