Tried to close my positions in $LLIT 30 minutes prior market close with limit sell. After hitting the limit but ‘limit sell’ not closing the position (?), I cancelled the ‘limit sell’ and market sold my shares. I have the confirmation and I see that transaction in my history.
4 minutes after market close (!) I received a notification: order placed on my behalf to protect me from negative balance. Basically Trading212 opened a short position for me.
- How can the platform open a position for me after market close without my consent?
- Why does ‘limit sell’ freeze for minutes-hours then trigger a transaction?
- How is it possible to short on the investing account?
- Is free fund at risk?
Check pictures below.