Problem with Stop Loss order

NexusFi · 2015-01-28T01:17:13-05:00

Hi again folks, I am having a problem with creating a stop loss order for a position that I am holding in the thinkorswim platform. When I try to create a stop order by clicking on my position, and choosing "create closing order" I get an error that says my order was rejected as the stock cannot be borrowed. I don't understand this as I own 148 shares of said stock. It just seems that there is no way to set a stop on the position that I hold and it's quite annoying. I've been able …

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Updated January 28, 2015

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Problem with Stop Loss order

January 28th, 2015, 01:17 AM	#1 (permalink)
Sanosuke Edmonton, Canada Posts: 3 since Jan 2015 Thanks Given: 1 Thanks Received: 0	Hi again folks, I am having a problem with creating a stop loss order for a position that I am holding in the thinkorswim platform. When I try to create a stop order by clicking on my position, and choosing "create closing order" I get an error that says my order was rejected as the stock cannot be borrowed. I don't understand this as I own 148 shares of said stock. It just seems that there is no way to set a stop on the position that I hold and it's quite annoying. I've been able to create stop orders as part of the OCO special order, but that won't work when I have a position and didn't set the brackets with the initial order. Any help is greatly appreciated! Take care, Sano

Last Updated on January 28, 2015