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The fact that this margin call happened at the bottom, but this user likely could not have closed their position themselves 15 minutes earlier at a better price
by cwkoss 6y ago
The fact that this margin call happened at the bottom, but this user likely could not have closed their position themselves 15 minutes earlier at a better price, seems like it should be illegal if it is not already.
- FabHK 6y agoIf you're long on margin, the position will of course be closed when the stock price drops (and the value of the position (= stock price * number of stocks minus margin loan) approaches zero), not when it rises. And it was impossible on RH and other brokers to buy more shares, selling (liquidating a long position) was always possible, AFAIK.