If a stock is purchased it can only be sold after the T+2 settlement happens. If you try selling the shares the same day, or before the shares are in your DEMAT account, your order will be rejected .
What happens on the last day of the trading period?
- * On the last day of the trading period, portfolio liquidation is not required; open positions and rankings as well as portfolio summaries will be frozen to the values of the last day of trading. * Given the nature of internet based systems, trading may be halted from time to time due to unforeseen events.
Can I cancel a trade after market hours?
- * A trade can be cancelled as long as it is open and has not been processed yet. Once a trade is processed it can not be cancelled nor reversed. Trades placed after market hours will be executed when the market re-opens.
How much do I have to deposit to short sell stocks?
- For short sales, you must deposit an amount equal to 50% of the current market value of your short positions. The minimum stock price for buying or shorting on margin is $3.00 Starting with a default value of $100,000, STOCK-TRAK may loan you another $100,000, making your total buying power $200,000 if you are trading marginable securities.
Are product dates a guide to safe use?
- Since product dates aren’t a guide for safe use of a product, consult this chart and follow these tips. • Purchase the product before “sell-by” or expiration dates.