diff --git a/src/Managing.Application/Bots/TradingBotBase.cs b/src/Managing.Application/Bots/TradingBotBase.cs
index b0cd15eb..5dd0ee35 100644
--- a/src/Managing.Application/Bots/TradingBotBase.cs
+++ b/src/Managing.Application/Bots/TradingBotBase.cs
@@ -1086,9 +1086,24 @@ public class TradingBotBase : ITradingBot
 
             var reason = $"Cannot open position. There is already a position open for {Config.Ticker} on the broker.";
 
-            if (previousPosition != null && orders.Count >= 2)
+            if (previousPosition != null)
             {
-                await SetPositionStatus(previousPosition.SignalIdentifier, PositionStatus.Filled);
+                if (orders.Count >= 2)
+                {
+                    await SetPositionStatus(previousPosition.SignalIdentifier, PositionStatus.Filled);
+                }
+                else
+                {
+                    // Broker already has an open position, cancel the internally created (DB) position
+                    await SetPositionStatus(previousPosition.SignalIdentifier, PositionStatus.Canceled);
+                    if (!Config.IsForBacktest)
+                    {
+                        await UpdatePositionDatabase(previousPosition);
+                    }
+
+                    reason +=
+                        " Position open on broker; internal position has been marked as Canceled.";
+                }
             }
             else
             {