Margin Call - huh

Discussion in 'Trading' started by mysharona2, Sep 29, 2008.

  1. u21c3f6

    u21c3f6

    The hardest thing to learn about trading IMO is how to take a loss.

    If you don't learn that, you are gone.
     
    #21     Sep 29, 2008
  2. Splat

    Splat

    The only people yu can call that will be acceptable to your broker is your bank to tell 'em to wire in more money! Other than that your broker can liquidate your positions anytime you exceed your margin. Your lucky your broker left you a message - some brokers wont even do that!!

     
    #22     Sep 29, 2008
  3. bbqbbq

    bbqbbq

    also, you must learn to manage risk. if you're up big time, take some of the table. i'm not telling you to cut your winners short, but only don't take some off if their is still significant upside possible.

    lets face it, betting on the outcome of the bailout was nothing short of a gamble. gambling on what 500 people in a small room will vote for.

    so there was significant upside possible, but also significant downside. dont view it as a loss you will never recover. learn from your mistakes!
     
    #23     Sep 29, 2008
  4. Dude......borrow from your Wamu and Wachovia credit card to the max and "double-up"!!!!! :eek:

    :D
     
    #24     Sep 29, 2008
  5. I'm sorry, stock_trad3r.
     
    #25     Sep 29, 2008
  6. bh_prop

    bh_prop

    The guy who wrote that you could throw good money after bad gave you about the best advice. You can 1) wire money in to cover the call or 2) reduce or eliminate your exposure. There is no such thing as negotiating time. Your broker is not in the business of taking on market risk when trades go against you. If you do not act, they will act for you and you will have zero recourse.


     
    #26     Sep 29, 2008
  7. Lucrum

    Lucrum

    NO, no one "knows". Although of course there is no shortage of people who think they do.
     
    #27     Sep 29, 2008
  8. It all depends on your broker. Interactive Brokers will liquidate you in realtime. Others give you 3 days to wire in the funds.

    Call your broker and ask what the policy is. Being in denial doesn't help.
     
    #28     Sep 29, 2008
  9. I feel for him, but he was here in several threads spamming about how the market can only go up, and to buy buy buy buy. People tried to tell him otherwise, but he didn't listen, didn't do any due diligence, just closed his eyes and went long. It's hard to be too sympathetic.
     
    #29     Sep 29, 2008
  10. Here are the OP's "Greatest Hits" in the last month or so...

    Up up and Away!!!
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=131187

    up up and away (Part 2)
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=131198

    Bullrun begins today
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=131912

    Hip hip hooray! Up we go Longs!
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=132882

    We will break out to the top tomorrow!
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=133354

    Election Year = Stocks Go UP!
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=134743

    Don't fight the trend (UP we go)
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=135004

    An UP Friday means an UP Monday
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=135619

    Capitulation day! All up from here
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=137317

    And last, but definitely not least, my personal fav:
    I'm rich!!!
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=137393

    And we're supposed to feel for this guy?
     
    #30     Sep 29, 2008