Saleable quantity not available

Discussion in 'Ask any question!' started by Avik Roy Choudhury, Dec 8, 2018.

  1. Avik Roy Choudhury

    Avik Roy Choudhury New Member

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    Can anyone please help me here? I am trading for last 1 year but recently for last 1 week whenever I m trying to short my positions its stating “Saleable quantity is not available” and then I had to try for squaring it off manually 4–5 times, post which it is getting squared-off. Even stoploss is not getting hit and getting rejected with same reason and the price is going way too down below the stoploss price giving me a massive loss. and its happening with almost all the shares that I am buying. I just want to know has anyone ever came across such situation while trading? is it a problem with my broker house or market runs this way at times?
     
  2. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Make sure you are choosing to "Sell", that is, you want to Sell to close your position.

    It sounds like you may have been trying to Short Sell to open a new position. If you had succeeded, you would now have 2 positions, one long position and one short position which is known as "shorting against the box".
     
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  3. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Make sure on your stop-loss orders you are not using the "stop-loss-limit" order.

    The stop-loss order is activated as a market order when your stop price is hit.

    The stop-loss-limit order is activated as a limit order when your stop price is hit
    If the price gaps down below your stop price and your limit price then you won't get filled.
     
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  4. Avik Roy Choudhury

    Avik Roy Choudhury New Member

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    No! I m using stoploss while placing the buy order, but it is not hitting the stoploss and going down further, now to stop my loss I have to square it up manually which is taking place after several trials. Like yesterday, I bought 300 units of Cipla @ 528 with a stop loss of 522 in bracket order and book profit of 532, but price started going down and it was supposed to get squared off @ 522 but instead it got rejected when price reached 522 stating "saleable quantity not available" and then price went to 520 now I started trying squaring it off from net position manually but it was stating the same reason again and again and after 4 consecutive attempts it got triggered ultimately when the price went to 515.
     
  5. Avik Roy Choudhury

    Avik Roy Choudhury New Member

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    No its not a limit order! its a simple stop loss and book profit case.
     
  6. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Sounds like your broker / trading platform is not recognizing that you own the 300 units. I wonder if it has something to do with the settlement period (3 days)? I assume you will be asking your broker. In the meantime maybe someone else here has experienced this.
     
  7. Avik Roy Choudhury

    Avik Roy Choudhury New Member

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    Thanks for sharing your observation!
     
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