Tutorial on how to place different order types - #HLO
2. why you may see 0 shares when you try to place a limit order
When you place a limit order sell or a stop-loss on a particular stock, your shares for this order become reserved.
This means that the shares within the order will be unavailable for manual trading as they’re now reserved for the order type they were placed in.
If you would like to manually sell shares allocated to a limit order or a stop-loss, you’ll need to first cancel the active limit order/stop-loss on the shares.
We’re looking into the possibility of placing multiple orders on an allocation of shares, so keep an eye out.
3. Why your limit order didn't execute
limit orders can sometimes not execute for various reasons (such as our market makers being unable to find a buyer/seller for your stock).
- When you place a limit order, the order will attempt to execute once the set value is met. However, much like an instant order, limit orders can sometimes not execute for various reasons (such as our market makers being unable to find a buyer/seller for your stock).
If your order doesn't execute, your limit order remains queued in your app, and will re-attempt again after a minute, and will continue to re-attempt as long as the limit order value is met until it executes.
Our limit order functionality is working as intended. If your limit order didn’t execute, it can mean one of two things:
- The touch price on the market never met the value set for your limit order.
- The value was met, but we were unable to find a counter-party (buyer/seller). In this instance, our systems would continue to scan for offers every minute until a counter-party is found (or until the touch price no longer meets the value set on your limit order).