Is it possible to exit a bad delivery trade in T+1 day instead of waiting till T+2?

kingsmasher1

Well-Known Member
#1
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 :)
 
Last edited:

travi

Well-Known Member
#2
Re: Is it possible to exit a bad delivery trade in T+1 day instead of waiting till T+

Yes, you can sell on T+1.
Its called a BTST Trade, buy today-sell tomo.
 

travi

Well-Known Member
#4
Re: Is it possible to exit a bad delivery trade in T+1 day instead of waiting till T+

I think OP is talking about Equity. Is BTST possible in equity?
Yup
Except Equity where else shouldn't it ought to happen ?
 

Similar threads