Margin Calls: How many trading accounts got wiped out?

Just curious.. a move like that on the /ES would mean 110 points, this would imply 5500$.

How many traders got killed and got wiped out. Any ideas

 

for sure some did.

 

NONE

Market moved too fast for any margin calls to be made.

 

LOL you are joking right ?

Sell off lasted literally 10 minutes and there was plenty of time for stop orders

at least if you are a day trader looking at charts

besides if you don't have stop orders ready

you are toast anyway at some point

 

That's not true. Depending on your TOS most brokers have the right to liquidate your positions.

 

Our exchange just told us that some MM(didn't say how many) blew up today. As in, RIP. Will not be trading anymore because they are well below their net capital requirement.

We thank God we're not one of them, but our hearts go out to them. Bad time to be short vega.

 

Check this unlucky guy

 

MArkets like these separate the Pros from the Amateur hour.

 

Yes, that's true. But sometimes even good traders can get hit by bad luck.

A lot of these small options guys are long vega, get screwed (so many didn't make any money at all over the past year), they short vega to make money and then...this happens.

Trading is not easy for the pros. I shudder to think what happens to the armatures.

 

No one. Everyone I know made a huge life changing killing.

They murdered the margin clerk.



Now how funny is that.