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No. You cannot place orders that will straight away reverse your existing open position(s).
Example:
If you have a Long position of 1000 shares of SGX open, the system will not allow you to put through a sell order for 2000 SGX shares as this will reverse your position into a Short Sell straight away if executed. You will need to square off your existing Long position with a sell order for 1000 SGX first before you can place a new short sell order.
