I am afraid that is correct. My equity holdings are not hedged and without stop losses. So, theoretically I can lose everything. But I have not hedged or put stop loss on my equity holdings for as long as I remembered. Recently I tried stop loss on AAPL, FB and BABA with very bad outcome so I essentially stop doing that. You probably will say I live dangerously. I am having a lot of difficulty reading charts and try to find order out of what seemed random ups and downs. Oh well, I will keep trying since I don't have a day job and have plenty of time on my hand. Cheers.