This means that your order is violating the position limit rule set by the professor. Position limit is the maximum % of your portfolio value that can be comprised of 1 single security. So for example if your position limit is 25%, then no single security can make up more than 25% of your portfolio value. Professors can also choose to set different position limits for different types of securities when creating their class.
Articles in this section
- What is a “Mutual Fund”?
- What is a “Bid/Ask”?
- What does it mean to “Long” or “Short” a stock or the stock market?
- Why can’t I place an order?
- Why are the trades that I have placed remaining open?
- Where can I see how many trades I have left?
- Where can I see all my open positions?
- What is “System Cancelled” in Order History?
- The price paid is different from the preview price. Why?
- The ABC Stock is only $1.00, but your site has it listed at $10.00. What gives?