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Question
LetsTrade
Hi,
Why would I have a negative 'Available to Deal' balance from a share-dealing account?
I have a 'basic' share-dealing account and have bought stock from my previous available balance and this morning have a balance of -£39. Just to emphasise, my only trades have been buying and selling stock with my available funds.
This is what might have triggered the negative balance, but I'd like to know 'why' it happened:
Yesterday I placed a Sell order to close a position, but the order was only about half filled. I used the proceeds from this half-filled Sell order to open a new position in a different stock (I did not exceed the amount I had available to deal by opening the new position). At the close of trading I was left with a positive 'Available to Deal' balance of around £2. Yet, this morning it was -£39.
Any help to explain this greatly appreciated.
Thanks in advance.
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