SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sun Tzu who wrote (16530)1/28/2021 4:33:51 PM
From: ajtj99  Read Replies (1) of 97557
 
They almost bottom ticked that force out as well.

It must have been a margin account that went way below maintenance intra-day. That's the only explanation. If that is the case, they probably have a clause in their user agreement that says they can do that.

The guy probably was compliant with the margin requirements before they raised them today, even with the drop in price. Once the margin was made 100%, which means no more margin, they could probably sell him out.

It's crappy, but when you fly that close to the sun......

These traders had almost zero risk management, didn't take profits or hedge. It was straight out, bollocks to the wall, full tilt bloody greed.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext