Abusing the cancellation of a stock Sale before execution?

What are the consequences of selling a stock multiple times at the wrong price and canceling the sale multiple times before it is executed?


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What Girls Said 1

  • Selling stock multiple times at the wrong price will decrease a lot in revenue. Cancelling sale items before they even go on sale kind of defeats the purpose of FIFO (First in, First Out) Old stock goes out (hence why they are put on sale because it's going out of season, or near its expiry date) and new stocks comes in. It's a cycle. That way every single stock is brought with a value and nothing is a waste nor is much profit loss.

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What Guys Said 0

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