In a SIM account with balance = $5,000 the short entry order for 1 contract of CL was filled at 11:30 EST.
Immediately upon submitting an OCO stop-target order combination, the stop order was accepted and in an instant I received this error:
"SIM101 - Order 'order #' can't be submitted: Not enough excess margin, affected order BuyToCover 1 Limit @ <limit price>."
The stop order was that was initially accepted was immediately canceled when the target order was rejected. So I am left with a position, but no protective stop or target. All in less than 1 second.
If margin was really an issue, the entry order should not have been accepted and filled. (However, margin should not have been an issue, as CL intraday margin is $2,000).
This error has happened on every attempt to enter the OCO order as described above. Can you please assist?
Thank you.
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