Your guide: Why is Webull Saying Not Tradable?
It can be hard to figure out how to use trading systems. Especially, when you’re first starting, right? Imagine, just starting, and all of a sudden you see an error message “like “Not Tradable.” You’d probably feel like running and crying.
But, don’t worry. You’re not the only one who has recently seen this on Webull. So, if you’ve ever wondered, “Why is Webull Saying Not Tradable?” you’ve come to the right place. Today, we’ll cover this and more. Keep reading to learn more.
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The state of the market
The state of the market is a big part of whether or not an object can be traded. Some stocks may not be able to be traded for a short time during times of high instability. This might happen because:
- Market Halts: If the prices of certain stocks change a lot in a short amount of time, exchanges may stop dealing with those stocks. This is a safety measure to keep trading running smoothly.
- News Events: Trading restrictions may be put in place temporarily after big news stories like earnings reports or company actions.
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Types of Orders and Limits
There are rules for each type of order. Because each order type is different, it might not work for all stocks. Some common problems are:
- Limit Orders: Your order might not go through if your limit price is very different from the present market price. For instance, putting in a sell limit order that is much higher than the present price can cause it to be rejected.
- Stop Orders: Your order might not be valid if the market price has already gone past your stop price by the time you put it.
- Situation of Your Account: The situation of your account can also change how you can trade.
- Problems with Verification: If your account isn’t fully verified, you might not be able to trade some goods.
- Conditions for Margin Trading: If you trade on margin, make sure you meet the conditions. Certain securities may become “Not Tradable” if you don’t do this.
Restrictions based on security
Because of how they are traded, some securities may have built-in limits. Among these are:
- Penny Stocks: Because they are volatile and risky, stocks that trade below a certain price may be subject to extra rules.
- Restricted Stocks: Some stocks may not be available to the public because of rules or events that happen only at that company, like mergers or deals.
How to Fix the “Not Tradable” Problem
There are several things you can do to fix the “Not Tradable” message and get it to go away.
Here’s a guide to fixing problems the right way
Look at how the market is doing
Always check the current market situations before moving forward. This can be done by:
- News Monitoring: Keep up with any news that could have an impact on stock prices or trading rates.
- Reviewing Alerts: Webull’s alert system lets you know when prices change significantly or trade stops.
Look over the type of order you made
Make sure the order type you’re using is right for the stock you want to buy or sell. Take a look at this:
Should You Change Your Limit Price?
If your limit price is very different from the market price, you might want to change it to increase your chances of being executed.
How to Stop Orders Work: To avoid making invalid orders, make sure you know how stop orders work.
Check your account. If you think the problem might be caused by your account state, do these things:
- Complete Verification: Make sure you’ve done everything that needs to be done to verify your account.
- Find Out About the Margin: Check the state of your margin account to make sure you meet all the requirements.
- Look into restrictions on security: If you think the problem has something to do with the security you want to trade, look into it more.
- Do some research on the stock: Read any recent news or releases about it to figure out why it might be limited.
- Talk to Webull Support: Get in touch with Webull’s customer service if you’re not sure about certain security rules.
Situations that often lead to “Not Tradable”
You can use the platform more efficiently if you know the most common situations that cause the “Not Tradable” state. Here are some things you should be careful of:
- Reports on Earnings: During earnings season, prices can become more volatile. If a company is about to share its earnings report, trading might be limited right before it comes out.
- Restrictions Before Earnings: You should know that stocks may not be able to be traded right before earnings reports.
- What Companies Do: Stock splits, mergers, and acquisitions are all business moves that can also temporarily stop trading.
- Effects on Trading: Orders that are already in progress may be canceled, and new orders may not be taken until the action is over.
- Issues with regulations: Some stocks may be closely watched by regulators, which could limit trade in those stocks.
- Checks for compliance: If the stock is being investigated for regulatory compliance, trading may be stopped for a short time.
When to Ask for Help
For those who are still having problems dealing with Webull, it might be time to get help.
- Talk to customer service: The customer service team at Webull is here to help you fix problems.
- Live Chat: If you need help right away, use the live chat function.
- Help with Email: Tell them more about your problem in an email for a more thorough answer.
- Look over the Frequently Asked Questions and other helpful links: Webull has a full Frequently Asked Questions (FAQ) page that answers a lot of usual questions and problems.
- Access to Self-Service Tools: Use the platform’s tools to get information quickly.
Conclusion: Why is Webull Saying Not Tradable?
It can be hard to find your way around trading sites like Webull when you see messages like “Not Tradable.” By understanding why you are getting this message and following the troubleshooting steps in this piece, you will be able to make smart trading decisions. So, the next time you’re hit with an error message, don’t panic. Just know you’re not alone and maybe with a bit of patience “this too shall pass”. Cheers, and happy trading!