Ya i guarantee you its the fucks that never traded crude, of course all of the suden they all professionals, they say you should've know it goes negative yet i guarantee you these schmucks “didnt know” they gonna get a margin call on their day to day trading or anything can go so low on the shitty picks they do Lol
I think the main problem Here is not so much risk management its lack of notification, who the fuck subscribed to cme newsletters ? Tell me how many traders here so? If shit is to go negative or margins to be raised broker SHOULD tell you, they do when margin raised dont they? Right away, if it goes negative and your informed then its your fuck up, but as trader you rely On your broker to be able to get in n out of the trade even if they didnt tell you because obviously the prices will
most of the idiots here too that knew it can go negative think its about a loss or being long automatically they assume like idiots, even those that were short are complaining because they couldn't Get out till prices bounced to positive of which then the price was back to 10, the idiots do NOT get its not the problem that negative prices its that you couldn't trade for professional trades 20 to minus 40 is no different than 80 To 20
IB made clean their clients' losses. If the clients were dealing with a typical spread betting firm, they will be bankrupt for sure.