Could not sell out of a penny stock

[gkishot]

Are you sure the amount of shares the platform was trying to sell was not greater than your position amount? It seems like it to me.

 

[Whip]

The hotkey was set to sell half of open position if thats what you're asking.

 

[gkishot]

The hotkey was set to sell half of open position if thats what you're asking.

That's what 'hard to borrow' means. The platform was trying to sell short.

 

[Whip]

I wan't borrowing, I was selling the shares I already had. Did you read qlai's post?

 

[murray t turtle]

Lindq is correct. This is one of the "things against you" that one has to overcome in the market: Spreads and Fills. By default you start on the disadvantaged side.

%%
And a stock that moves $17to 27 in one day+ gaps down 50% in 24 hours; sounds like he got off easy.
Or put another way; why would anyone name a stock that hit $100 bucks a penny stock??
$16 to $3 in one week; expect more horrible fills/surprises/trouble.
NOT to worry; if this bull market turns into a bear----- that stock could move up big time

 

[Whip]

It had nothing to do with the penny stock at all as it turns out. Well, it was hard to borrow because it was a low float penny stock. But the reason for error was I was going net short on the position after accounting for stop loss quantity.