LOL Yeah, and your sage advice about taking out the mortgage to buy at the ATH was absolutely brilliant. Guess what? We're ONLY down 28% from the ATH! (and still counting.) Seriously, don't you have anything else to say about your blunder?
Always a poster with 3 or 4 posts reporting nonsense like this He's world traveling during an epidemic, and leaving an infinite loss position unmanaged, lol
He might be one of these: https://www.theguardian.com/world/2...g-worried-wealthy-jet-off-to-disaster-bunkers Super-rich jet off to disaster bunkers amid coronavirus outbreak ‘Self isolate’ for some of world’s richest means Covid-19 tests abroad, personal medics and subterranean hideouts
"Where there is anger there is always pain underneath." -Eckhart Tolle The guy just took a beating, your attitude is unnecessary. To the OP: you need to take full responsibility for the loss (if you haven't already done so). You made the bet so you should honor the bet, good or bad. As for the brokerage, their mistake was setting too low of a margin requirement. They should have done a better job at preventing any account from reaching a negative balance. By not doing so, it increased the risk for both parties. The brokerage firm's margin requirement was a bet made by them to attract customers at the cost of a creating a negative balance situation. Litigation is costly so as a recourse, you can try to strike a deal with the brokerage as a previous poster suggessted.
You don't know what you're talking about. His broker uses SPAN. All FCMs use SPAN for overnight risk. He did not benefit from intraday margin over the weekend. His FCM marked the position under SPAN and the guy was in compliance until crude took a massive shit. Troll somewhere else or respond to topics where you have at least some expertise.
You don't want interruptions? That Friday's close broke Quad lows on the weeklies and you holding short puts? "I don't receive email on my phone because I don't want all the interuptions." I was on vacation back in the 1990's and was costly trip, not as costly as yours, but never the less, changed my trading plan, didn't have what they have now in place in electronics or I would not mind the interruptions.
%% That; +learned some thing from an account going down to zero. It was a large move; but oil is known for that.