# TLCC Why could I not buy?

**URL:** <https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148>\
**Category:** 📊 Investing\
**Created:** [February 7, 2021, 5:23am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148 "2021-02-07T05:23:02Z")\
**Posts on this page:** 8\
**Page:** 1

<div class="post-metadata">

**Author:** ![UberSteve](https://avatars.discourse-cdn.com/v4/letter/u/97f17d/32.png) [@UberSteve](https://community.trading212.com/u/UberSteve)\
**Post date:** [February 7, 2021, 5:23am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/1 "2021-02-07T05:23:02Z")

</div>

212 You have some explaining to do. I tried to buy TLCC on Thursday [Screenshot\_20210207-041003\_Chrome|225x500](https://community.trading212.com/uploads/short-url/bixd5kIlBPEPbxD3C6elY9ZQJtM.jpeg)

 ![Screenshot_20210207-041019_Trading 212](https://europe1.discourse-cdn.com/flex013/uploads/trading212/original/2X/7/7bfd5d6aa4f8a36d07e83558fbda9b6905747983.jpeg)

---

<div class="post-metadata">

**Author:** ![UberSteve](https://avatars.discourse-cdn.com/v4/letter/u/97f17d/32.png) [@UberSteve](https://community.trading212.com/u/UberSteve)\
**Post date:** [February 7, 2021, 5:23am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/2 "2021-02-07T05:23:24Z")

</div>

![Screenshot_20210207-041003_Chrome](https://europe1.discourse-cdn.com/flex013/uploads/trading212/original/2X/4/4f304dd4af202ffaf5810d2f10599c37c8a19a7a.jpeg)

---

<div class="post-metadata">

**Author:** ![phildawson](https://avatars.discourse-cdn.com/v4/letter/p/bbe5ce/32.png) [@phildawson](https://community.trading212.com/u/phildawson)\
**Post date:** [February 7, 2021, 8:45am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/3 "2021-02-07T08:45:42Z")

</div>

Those details are correct it has basically zero liquidity.

Looks like one person sold at 0.0001 back in Jan and one person bought in Feb and paid 0.44

When you see no quote and 0.00000 don’t expect that for free 😜

The quotes come in via Bloomberg.

 ![Screenshot_20210207-084240](https://europe1.discourse-cdn.com/flex013/uploads/trading212/original/2X/5/56cfd038b0fc75004cb245523b6b8f86b3ef7b44.png)

---

<div class="post-metadata">

**Author:** ![krr13](https://avatars.discourse-cdn.com/v4/letter/k/d26b3c/32.png) [@krr13](https://community.trading212.com/u/krr13)\
**Post date:** [February 7, 2021, 8:52am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/4 "2021-02-07T08:52:02Z")

</div>

> [@UberSteve](#):
>
> 212 You have some explaining to do.

No explanation required. A little bit of research on your own part is what is required.

As @phildawson (happy cake day) has pointed out this is an extremely liquid stock hence why you couldn’t find a seller for your trade and also why the price hasn’t updated for a while.

---

<div class="post-metadata">

**Author:** ![phildawson](https://avatars.discourse-cdn.com/v4/letter/p/bbe5ce/32.png) [@phildawson](https://community.trading212.com/u/phildawson)\
**Post date:** [February 7, 2021, 9:02am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/5 "2021-02-07T09:02:31Z")

</div>

Thanks @krr13

It looks like it was two a couple hours apart. I wouldn’t feel too bad for them the volume at 0.44 was tiny.

Based on the exchange rate I would say they wasted exactly £250

 ![Screenshot_20210207-085604](https://europe1.discourse-cdn.com/flex013/uploads/trading212/original/2X/e/e191d29120c111a30cde296dcfb8235baed7700b.png)

---

<div class="post-metadata">

**Author:** ![UberSteve](https://avatars.discourse-cdn.com/v4/letter/u/97f17d/32.png) [@UberSteve](https://community.trading212.com/u/UberSteve)\
**Post date:** [February 8, 2021, 3:07am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/6 "2021-02-08T03:07:27Z")

</div>

How about T212 would even allow me to place an order. I’d understand if it was placed and sat pending, couldn’t even get that far. @krrrrr14

---

<div class="post-metadata">

**Author:** ![Dougal1984](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/dougal1984/32/14304_2.png) [@Dougal1984](https://community.trading212.com/u/Dougal1984)\
**Post date:** [February 8, 2021, 8:28am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/7 "2021-02-08T08:28:44Z")

</div>

I’m more interested as to why you would want to buy an illiquid stock?

---

<div class="post-metadata">

**Author:** ![phildawson](https://avatars.discourse-cdn.com/v4/letter/p/bbe5ce/32.png) [@phildawson](https://community.trading212.com/u/phildawson)\
**Post date:** [February 8, 2021, 9:14am UTC](https://community.trading212.com/t/tlcc-why-could-i-not-buy/45148/8 "2021-02-08T09:14:15Z")

</div>

If I had to guess its because its allowing X.XXXXX (5 places) and the instrument only takes X.XXXX (4 places)

```auto
price > 0	0.0001

```

[https://misc.interactivebrokers.com/cstools/contract\_info/v3.10/index.php?action=Conid%20Info&wlId=IB&conid=225077196&lang=en&ib\_entity=](https://misc.interactivebrokers.com/cstools/contract_info/v3.10/index.php?action=Conid%20Info&wlId=IB&conid=225077196&lang=en&ib_entity=)

@Rumen any idea why IB is preventing orders on this instrument?

@UberSteve are you getting “Cancelled” or “Rejected” as the message back? If you still _REALLY_ want to attempt to buy, could try a limit with four places of precision?

If you were market buying then 🤷‍♂️
