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In intraday trading, you are required to sell the stocks on the same day, before the market closes. If you fail to do so, there can be two outcomes. Some online platforms automatically convert those stocks into delivery trades and levy a brokerage, so that you can sell them at your own desired time.
When there are no buyers, you can’t sell your shares—you’ll be stuck with them until there is some buying interest from other investors. A buyer could pop in a few seconds, or it could take minutes, days, or even weeks in the case of very thinly traded stocks.
Can I be forced to sell my shares?
In general, shareholders can only be forced to give up or sell shares if the articles of association or some contractual agreement include this requirement. In practice, private companies often have suitable articles or contracts so that the remaining owner-managers retain control if an individual leaves the company.
What happens if I sell a short stock?
Short sellers are wagering that the stock they are short selling will drop in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the short seller’s profit.
What happens when you buy a stock and don’t sell on same day?
Answer Wiki. If you buy a stock and don’t sell on the same day it will automatically turn into delivery however certain brokerage firms have classified intra day option and delivery option separately so while buying if you choose intra day option you’re forced to sell on the same day irrespective of market price and fluctuations.
If you don’t sell the intraday shares by end of the day, automatically the broker will be squared off all your intraday positions. Depends on the brokers squared-off time varies, some brokers square off at 3:10 PM and some of them at 3:20 PM. Intraday positions are meant to be closed/square off before the closing bell of the day trading session.
So you bought 2 shares and sold 1 in a day. That means you have one share in your trading account which you can sell whenever you want. But reverse can’t be done as if you sell one share today then it has to be squared off same day or else you will face penalty.
How do I square off on intraday trading?
Since you have bought the stock on Intraday basis they will automatically be squared off either 30mins or 15 Mins before the end of the day at current market price. Before Square off you can convert the order for delivery. If you have used leverage then the remaining amount needs to be deposited for delivery.