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Why could I not open my short position? The error said something like 'shortage of stock to short'?

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Can anyone answer this question? I went to short a stock this morning at a price per point that saw the margin within my balance but after clicking place deal the website prevented my opening and showed me an error. The error was fleeting so I struggled to read it before it had disappeared but I think it said something regarding a lack of short positions and to call a brokerage? This error cost me £200 in profits so I was wondering how I can avoid this in the future.

Cheers

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On 17/06/2020 at 17:33, abudhabitrader said:

Can anyone answer this question? I went to short a stock this morning at a price per point that saw the margin within my balance but after clicking place deal the website prevented my opening and showed me an error. The error was fleeting so I struggled to read it before it had disappeared but I think it said something regarding a lack of short positions and to call a brokerage? This error cost me £200 in profits so I was wondering how I can avoid this in the future.

Cheers

 

6 hours ago, Tezza1949 said:

I'm not sure if there is a short trade facility with IG Markets on stocks!!!

'price per point' would imply a cfd platform but in order to sell contracts you don't hold the broker needs to find someone to lend them to you, if no one is willing to do so then no deal. 

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