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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 Well-Known Member

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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".
     
    bigbear0083 and T0rm3nted like this.
  3. Onepoint272

    Onepoint272 Well-Known Member

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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.
     
    bigbear0083 likes this.
  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 Well-Known Member

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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!
     
    Onepoint272 likes this.

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