My account wiped out. Any recourse?

Not anymore lol

Next time diversify no more than 5% on any single item.

 

Yeah... it's always that last bit of risk that bites you in the ass. 99.44% of the time things are ok... and then some event hits. If it makes you feel any better I was long on USO ETF, and took a hit, so you're not alone.

Hang in there my friend, you will rise from the ashes.

 

you obviously missed this similar story OptionSellers.com / James Cordier - Full apology video
how do they say it? ... naked writing like picking nickles in front of a steamroll?

 

this was a very expensive lesson. I learned mine a while back as well.

 

is this the perverbial blood on the street lol

 

But you put your personal guarantee for all to go all long around ATH, are you gonna come through with your promise ?

do you recall I told you that it will be volatile year with many dips.

 

Troll thread - and you guys are swallowing the hook, line, and sinker.

 

This guy could be trolling but more than one person out there would of got fucked by that move. The market moved more than the margin deposit. More than a few Accounts would have gone negative.

 

Agreed, but post #20 cracked me up...
https://www.elitetrader.com/et/threads/my-account-wiped-out-any-recourse.341511/page-2#post-5034295

 

I thank god that IBKR doesn't give a fuck about your life and just closes your positions because otherwise I would stand the risk of IBKR being insolvent.