Hi Guys,
Suppose i buy shares of ABC company in delivery and go long.
The next day (T+1) i realize i made a bad trade, and the prices are going down, unlike my expectation, and i decide to exit or square off my position right after T+1 day instead of waiting till T+2 and incurring further losses (but the share is still not in my account as it gets settled after T+2 :().
Is it possible to square off? I know concept of stop-loss, but the shares are still not in my account, then?
On the contrary, i might also see substantial increase in price next day (T+1), and decide to square off there itself instead of taking further chances (again shares are not in my account), then how do i exit?
Kindly advice.
Thanks in advance :)
Suppose i buy shares of ABC company in delivery and go long.
The next day (T+1) i realize i made a bad trade, and the prices are going down, unlike my expectation, and i decide to exit or square off my position right after T+1 day instead of waiting till T+2 and incurring further losses (but the share is still not in my account as it gets settled after T+2 :().
Is it possible to square off? I know concept of stop-loss, but the shares are still not in my account, then?
On the contrary, i might also see substantial increase in price next day (T+1), and decide to square off there itself instead of taking further chances (again shares are not in my account), then how do i exit?
Kindly advice.
Thanks in advance :)
Is it possible to exit a bad delivery trade in T+1 day instead of waiting till T+2?
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