Hi , Yes when it is hitting lc you can't really exit the shares.
AMO orders again goes to the system in a queue and there is no guarantee that because you have placed an AMO order you can exit the stock if some trades happen the first tick in the morning...
These things are common in the market, hoping that it bounces back today, to give you an exit...
Part of the game, need to learn your lesson and take it in the stride. The lesson to learn is, not to put too many eggs in one basket.. If only 5% of your portfolio is invested into this stock, it wouldn't make a material difference to your portfolio...
Yes , i learnt my lesson in a hard and harsh manner
Yes even i observed that AMO orders comes in bulk and stands in queue and it may take 1 min delay also for orders to come in queue in market order.
Update today : Today i placed market order for sell at
9:15:00 AM , was waiting like tiger huting its prey
Guess what even though my order was placed exactly at 9:15:00 AM and got Exchange acknowledgement at
9:15:01 AM (
Perfect synchronization was maintained with my system time and NSE server time so that i punch in the order exactly at the start) , still my shares are
not sold even when the volume of shares sold is more than 24K today
So it has to be a huge institutional seller or some algorithmic trade or something that has automated systems which is co locating with NSE servers (NSE and BSE provide place for systems so that latency is very low and order is immediately dispatched in terms of milli seconds may be even micro seconds who knows). So long story short i cant sell my shares unless these big boys change their mind.
There is no or little hope for me now. Have considered the capital i invested here as lost money only.