I put a buy order at 10.00am. And due to some reason, unable to sell it back till the market closes at 3.30 pm. What will happen to my invested money ?
Nothing. You bought stock. You own the shares until you sell them. The stock price can fluctuate up or down–no way to tell in which direction–if you own it for more than a day.
If you trade on margin you borrow some of the funds that you use to purchase an investment. If the stock drops below a certain threshold, your broker may decide that you don't have enough equity to hold the investment and may force you to sell the stock. But that hopefully won't happen.
February 10th, 2010 at 5:26 am
no you would not be at a loss unless your broker compulsaryly squres off your position, there are brokers who convert it to a delivery position based on available margin in your account