Trade Rejected on Limit Sell order

🤝 Help
1

Hi Guys,

I’m fairly new to T212 but recently started coming across an issue. I’ve seen it a few times before on various orders but today it seems to be relentless. Every time I try to place a limit sell for LOND: RDSA (Shell) I get trade rejected. I’ve tried various prices - some very close to the current price, and some a good 2-3% away.

Does anyone have any ideas?

2

How much of your funds are you trying to use?

There is a limit of 95% of your current funds on a single transaction because of the market price possibly varying, and if you don’t have enough funds at the time of a transaction getting logged your position cannot open because of lack of funds.

Could this be what is causing your issue?

3

Hi @Dao, thanks for replying.

I was only selling around £46 worth of shares and I have around £56 of uninvested balance. More to the point though, I’m selling here, not buying, so I’m not sure why the limit would be applied in relation to my balance?

4

The funds restriction was all that came to mind, sorry I wasn’t of any help. How liquid is the stock? If the liquidity is low, I know that you can face issues executing orders. If the stock is still liquid, then nothing comes to mind.

5

No worries at all, I appreciate the replies.

I’d expect it to be fairly liquid, especially at the moment.

6

Hi @JAC2703

Could you ping us if it happens again? We tested everything out & all seems fine. Orders are being placed without any issues.

1 Like
7

Hi David,

I have an open pos that is around 5% of my account balance. I have a stop on the pos but I now want to add a limit sell. I click on the ‘sell’ button on the open pos and try to add a limit sell order for half the position. Current price is $0.45 and I want to sell half the pos at $0.49. When I try it says I need to own stock in order to sell. I am sure I have the stock. I have used this feature before but not encountered the issue. The price spread is $1. Can you advise please?

8

@DicJonesOCP You can currently place only 1 type of sell order for the whole quantity. Since you currently have a stop sell for all of your shares, you can’t have a limit sell for all of them as well.

We’ll build on this feature in order to make both pending orders viable at the same time.

9

Thanks David. That makes sense as this is the first time I have tried to sell half the pos.
Thanks for the quick response too!