loss on forced selling by broker

mcqueen · 1 loss on forced selling by broker Fri Aug 26, 2011 11:05 pm

mcqueen

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my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::

Marketsol · 2 Re: loss on forced selling by broker Fri Aug 26, 2011 11:30 pm

Marketsol

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That's an example of a typical broker who predicts wrong things correctly. In your case, he thought SFIN won't go up at all.

salinda88 · 3 Re: loss on forced selling by broker Fri Aug 26, 2011 11:41 pm

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I think it just start increasing Very Happy

windi5 · 4 Re: loss on forced selling by broker Sat Aug 27, 2011 12:01 am

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Oh dear vry sorry. Your first post is a sad one.

nahsuk · 5 Re: loss on forced selling by broker Sat Aug 27, 2011 12:07 am

nahsuk

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Some brokers sell ur shares with big loss,But some people try to minimize ur loss.
In this case Ur broker sold SFIN bcoz he wants to minimize his loss & ur also.
(jst my opinion.My broker has this kind of strategy)

Roboticfx · 6 Re: loss on forced selling by broker Sat Aug 27, 2011 12:56 am

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Dear mcqueen,
Broker's help is needed for investors. That's true. But all of them are not professional and some don't have even qualifications. They don't care If the investor get a loss or a profit as their brokerage is received from all of trades. In many times, they say things without having even a normal knowledge of the share as well as my broker. The best thing is doing your own thing. Analyze any of share before purchasing. You can get the help from this forum. Kind experts will help you definitely. Don't forget to receive your broker's idea. But don't follow him If you feel that it is not good. If you have a free time, learn how analyze financial statements. No need very pro knowledge. Only need a normal knowledge. I like you to change your adviser. I don't like stay with such people. Please could you tell me your broker firm. Then I can suggest some more helpful things. I love you

"Just try new stocks with purchasing only 100 shares. Sometimes you will unhappy If the price move up. But you will not unhappy much If the price moved down. Happy trading! Keep In touch with us! Still you haven't defeated! You have more chances! Very Happy

ranga777 · 7 Re: loss on forced selling by broker Sat Aug 27, 2011 3:27 am

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LANKA SECURITIES IS ALSO SELLING BY FORCE ,I ALSO MADE A LOSS BECAUSE MY SFIN SHARES WAS SOLD BEFORE FEW DAYS AGO

glad · 8 Re: loss on forced selling by broker Sat Aug 27, 2011 6:45 am

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If the broker new that SFIN was on its way up, then he or his friends would be the buyers of this force selling!!!

Aamiable · 9 Re: loss on forced selling by broker Sat Aug 27, 2011 7:04 am

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For investments oriented stocks there is no issue of force selling. .....Only for the credit inflated stocks force selling comes in to operation...... Investors are reluctant to put funds in to such risky stocks.

mcqueen · 10 Re: loss on forced selling by broker Sat Aug 27, 2011 7:55 am

mcqueen

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Thanks for all the replies.It's A P.I have stocks baught last year.I m keeping them till price up.But unfortunatly see what my broker did.

thighrokker · 11 Re: loss on forced selling by broker Sat Aug 27, 2011 8:42 am

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Its a big joke, is'nt it? First they cried that SEC has a T+5 rule. Made a big fuzz about is and cried all those crocodile tears... Now SEC has given the freedom, and they do forced-selling even more than before...

Also with the Brokers playing fool in the market situation is worse now. In the past we KNEW forced selling was in T+5. Not any more. All of the sudden my broker calls me and says "Guess what...Its now 10AM, if not sold by 1PM, they will have to force sell!!!!"

Its just like the private bus mafia... The Broker firms have all the investors on strings.

We should request SEC to
- have a T+SOMETHING rule established and adhered to ( rather than ad-hoc rules and decisions of the many Broker firms)
- give online trading investors the option not to pay broker fees ( why just give the fellows our hard earned cash for doing nothing??? - This seems the only place on planet Earth with a free lunch!!! - Be a broker)
- since brokers are so fuzzy about credit, what about our excess cash with them? They should give us an interest on these cash on a daily basis. They do charge US, dot they??

stockanalytic · 12 Re: loss on forced selling by broker Sat Aug 27, 2011 10:04 am

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@thighrokker wrote:Its a big joke, is'nt it? First they cried that SEC has a T+5 rule. Made a big fuzz about is and cried all those crocodile tears... Now SEC has given the freedom, and they do forced-selling even more than before...

Also with the Brokers playing fool in the market situation is worse now. In the past we KNEW forced selling was in T+5. Not any more. All of the sudden my broker calls me and says "Guess what...Its now 10AM, if not sold by 1PM, they will have to force sell!!!!"

Its just like the private bus mafia... The Broker firms have all the investors on strings.

We should request SEC to
- have a T+SOMETHING rule established and adhered to ( rather than ad-hoc rules and decisions of the many Broker firms)

- give online trading investors the option not to pay broker fees ( why just give the fellows our hard earned cash for doing nothing??? - This seems the only place on planet Earth with a free lunch!!! - Be a broker)
- since brokers are so fuzzy about credit, what about our excess cash with them? They should give us an interest on these cash on a daily basis. They do charge US, dot they??

Who is your Broker?

Antonym · 13 Re: loss on forced selling by broker Sat Aug 27, 2011 1:49 pm

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@mcqueen wrote: my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::

@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

StocksWatch · 14 Re: loss on forced selling by broker Sat Aug 27, 2011 1:56 pm

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@Antonym wrote:

@mcqueen wrote: my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::

@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

I am affraid but I am also inclined to agree with Antonym on this. It is your fault that you didn't pay the outstanding monies. Also you claim to have few other shares where you are making profit. Why didn't you sell those to settle your credit at the first place without giving an opportunity for the broker to select the share on your behalf?

StocksWatch · 15 Re: loss on forced selling by broker Sat Aug 27, 2011 2:07 pm

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@Aamiable wrote:For investments oriented stocks there is no issue of force selling. .....Only for the credit inflated stocks force selling comes in to operation...... Investors are reluctant to put funds in to such risky stocks.

What the heck are you trying to say here? What makes this different when it comes to forced selling, whoever who is doing forced selling is expected to select the stock having least unrealized loss if there are no stocks making profits in the PF!

pushpakumara · 16 Re: loss on forced selling by broker Sat Aug 27, 2011 2:34 pm

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Yes broker has the option of force selling if the dues are not settled within the stipulated time period. You can not do much about it unless he has done it before the stipulated period for force selling.

Investor99 · 17 Re: loss on forced selling by broker Sat Aug 27, 2011 3:24 pm

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@StocksWatch wrote:

@Antonym wrote:

@mcqueen wrote: my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::

@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

I am affraid but I am also inclined to agree with Antonym on this. It is your fault that you didn't pay the outstanding monies. Also you claim to have few other shares where you are making profit. Why didn't you sell those to settle your credit at the first place without giving an opportunity for the broker to select the share on your behalf?

I agree too. Everyone has to learn to live within their mean. But unfortunately greed takes over and then come the down fall and it gives rise to the blame game. Earlier everyone was blaming the SEC now they are blaming the brokers what a joke.

ha_na · 18 Re: loss on forced selling by broker Sat Aug 27, 2011 7:06 pm

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@Antonym wrote:

@mcqueen wrote: my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::

@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

Antonym

you are correctly said.

we have to live with our means and power word for traders should be "enough"

Fresher · 19 Re: loss on forced selling by broker Sat Aug 27, 2011 7:39 pm

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I haven't been in this situation but for me the right thing to do is to sell the shares bought for credit. ie - after your cash has been used to buy, what is bought after that.

If it was me, I wouldn't want the broker to sell some of my long term shares even though they show some profit in the pf. of course there can be exceptions and this is my view.

Roboticfx · 20 Re: loss on forced selling by broker Sat Aug 27, 2011 8:19 pm

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dear mcqueen,
It is better to change your broker.(It is asha phillips Isn't it?) Difficult to find good advisers at asha phillips and you can't select an adviser by yourself because you don't know who is good. You can choose captial trust. More better if you can use the online trading system as you can do trades independently. Smile

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loss on forced selling by broker

1 loss on forced selling by broker Fri Aug 26, 2011 11:05 pm

mcqueen

2 Re: loss on forced selling by broker Fri Aug 26, 2011 11:30 pm

Marketsol

3 Re: loss on forced selling by broker Fri Aug 26, 2011 11:41 pm

salinda88

4 Re: loss on forced selling by broker Sat Aug 27, 2011 12:01 am

windi5

5 Re: loss on forced selling by broker Sat Aug 27, 2011 12:07 am

nahsuk

6 Re: loss on forced selling by broker Sat Aug 27, 2011 12:56 am

Roboticfx

7 Re: loss on forced selling by broker Sat Aug 27, 2011 3:27 am

ranga777

8 Re: loss on forced selling by broker Sat Aug 27, 2011 6:45 am

glad

9 Re: loss on forced selling by broker Sat Aug 27, 2011 7:04 am

Aamiable

10 Re: loss on forced selling by broker Sat Aug 27, 2011 7:55 am

mcqueen

11 Re: loss on forced selling by broker Sat Aug 27, 2011 8:42 am

thighrokker

12 Re: loss on forced selling by broker Sat Aug 27, 2011 10:04 am

stockanalytic

13 Re: loss on forced selling by broker Sat Aug 27, 2011 1:49 pm

Antonym

14 Re: loss on forced selling by broker Sat Aug 27, 2011 1:56 pm

StocksWatch

15 Re: loss on forced selling by broker Sat Aug 27, 2011 2:07 pm

StocksWatch

16 Re: loss on forced selling by broker Sat Aug 27, 2011 2:34 pm

pushpakumara

17 Re: loss on forced selling by broker Sat Aug 27, 2011 3:24 pm

Investor99

18 Re: loss on forced selling by broker Sat Aug 27, 2011 7:06 pm

ha_na

19 Re: loss on forced selling by broker Sat Aug 27, 2011 7:39 pm

Fresher

20 Re: loss on forced selling by broker Sat Aug 27, 2011 8:19 pm

Roboticfx

21 Re: loss on forced selling by broker

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