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I don’t know the finer details but it sounds like a standard margin call. A position blows up, you need to cover as you’re over margin limits and the broker not
by nemo44x 6y ago
I don’t know the finer details but it sounds like a standard margin call. A position blows up, you need to cover as you’re over margin limits and the broker notifies you that you need to deposit a certain amount or they will sell other holdings to cover.
Was there something more to it?
- deodorel 6y agoYes, his position was in fact hedged/covered by another position. In the end he lost nothing.