CAD (as your un-leveraged long base currency) didn't move enough to cause a USD-based product liquidation, and your leveraged-long USDCAD would've have covered any CAD base-currency exposure. What is "small amount" of long USDCAD? 100k units, perhaps? Edit: I don't think you're comprehending the impact of your leverage. Thanks for posting the liq notice, unfortunately, it doesn't tell us much. There are TWS bulletins that precede the liq-notice that would mention the trade that caused the liquidation. You blotted-out the account number, so I can't understand why you're concerned with account safety. Perhaps a public thread isn't best-practice if you're that paranoid. Absolutely my last request... did you go long USDCAD last Thursday, and if so, was it between 2:30 and 2:50 pm EDT?
happy to...thinkorswim...I have a couple of accounts and have several options..I don't trade on a shoestring and I do manage risk. The whole problem is on occasion shit happens...but very briefly as we all found out..some kind of hanky panky and I just don't believe the small retail trader should have to pay.
oh one more thing...back in 08 when major shit happened I did get caught. They called and talked with me and we worked thru my positions to get back on track. Again ....all I'm against is this auto liquidation. Brokers have a responsibility to manage risk...absolutely...but it should not be left to a computer. Only if the broker can not talk with the client at last gasp then take it down. But then thats the price you pay for cheap options/futures commish at IB I guess.
" - x amount of June 119 SPY puts - x amount of June 114 SPY short puts - y amount of May 40 USO puts - y amount of May 37 USO short puts - small amount of short FX position in CAD/USD - cash (Canadian) " should read like this positions: - TINY x amount of June 119 SPY puts - TINY x amount of June 114 SPY short puts - TINY y amount of May 40 USO puts - TINY y amount of May 37 USO short puts - small amount of short FX position in CAD/USD - NEGLIGIBLE AMOUNT OF cash (Canadian) - SOMETHING ELSE , eh , MAYBE, I NEED TO OVERLOOK ... My thought is : After liquidation, the account is so tiny, it is not a huge concern to reveal the whole damn thing at all, unless there is something to hide. After all, the account will be shut down one way or the other, so no one will bother to hack into this tiny account in a short time.
Ding Ding, the court (market) is open. The plaintiff (some dude): He cut off my legs during May 6 chaos The defendant (IB): He set my house on fire first The judge (ET): You are all found guilty
I want to apologize to the OP for my being too quick to accuse him of lying. I accused him of lying, because I was angry about all the abuse I had taken for correctly diagnosing the trigger for his liquidation, and also because I couldn't believe a guy trading options at IB would honestly be as stupid as his presentation indicates. But on further consideration, I wonder if perhaps he honestly really is that stupid. If he honestly really is that stupid, then I owe him an apology.
................. crying about abuse while dishin it out ...............,u and wang,..will the real dumbfu...please step forward
Why are u so mean to a person is kind enough to warn about what some brokers may do. I closed my IB margin account and move to Thinkorswim partly due the dumb bots in volatile markets. There was absolutely no reason for IB bots to do what it did.