Why let yourself be margin called?
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Thread: Why let yourself be margin called?

  1. #1
    Time and time again I see places where people say they have a margin call... My big question is WHY???????!!!!!!!

    Consider it folks, if you are being margin called that is the worst thing possible on your account. You're left to the mercy of your broker to close your positions to get you at major losses. This reeks of bad money management!!!!! Not just bad irresponsible!!! Wake up people, control your money! If you are not in control, then someone else is and when someone else is in control of your money, then just give it off. Please, I will take it. Hmmm, perhaps I do because I actually make a living doing so.... Which means that I create the profits you shed.... Possibly I should just shut my mouth and let you guys that let yourself be margin called continue doing it.

    Seriously folks, don't let this happen to you. If you run the risk of becoming margin called every time you trade then your re-examine your money management. Even in virtually the worst case scenarios, with proper money management and portfolio management balancing... you should never be margin called. I can think of maybe only 1 or two times in all of my trading that I got margin called and that was in my early days. Let this be a lesson for you! Never get margin called. Figure it out, do whatever, but do everything is needed to prevent margin calls, even in the event that you need to sell it off .

    A little friendly help from a fellow trader who is tired of seeing people say they obtained margin called... its just plain NOT RIGHT!

  2. #2
    If you are able to expand on this topic, this would be very much welcomed in the members section.

    Due

  3. #3
    Yes girlflyer, I concur with you. I believe a lot of newbies get hauled out and refuse to accept a reduction until they have no choice. Strong Risk Management is definately the trick to success.

  4. #4
    Well stated girlflyer. It is a sad statement as soon as your broker does more to guard your cash than you've until the point of the call.

  5. #5
    Most people (95 percent here) are not math graduated.

    !

  6. #6
    Quote Originally Posted by ;
    yes girlflyer, I concur with you. I think a lot of newbies get hauled away and refuse to take a loss until they have no choice. Solid Risk Management is definately the trick to success.
    Ranked... just think of all the folks who still held on for their dot com stocks in 2000, believing it will bounce back up, while the NASDAQ plummets and half of their portfolio records for bankruptcy.

  7. #7
    Quote Originally Posted by ;
    Many people (95 percent here) aren't math graduated.

    !
    You don't need to be a math grad to know you need to guard your money.

  8. #8
    Hi,

    I've yet to experience a margin call but I do struggle with letting go of a poor trade and cutting my losses short. I'm either( or both). . .an obsessive optimist or a fool. I'm doing pretty well but once in a while this horrible habit frees up. Please those of you who do not suffer with this awful habit or happen to be able to control it. . .please give me the antidote.

  9. #9
    Quote Originally Posted by ;
    Hi,

    I have yet to undergo a margin call but I do still struggle with letting go of a bad transaction and cutting my losses short. I'm either( or both). . .an obsessive optimist or a fool. I'm doing pretty well but once in a while this ugly habit frees up. Please those of you who don't suffer from this bad habit or have been in a position to control it. . .please provide me the antidote.

    Antidote is utilize a stoploss

    tht way it'll close whether u need to close it or not

    I'd the Exact Same problem

  10. #10
    Quote Originally Posted by ;
    antidote can be use a stoploss

    tht way it'll shut whether u need to shut it or not

    I'd exactly the same difficulty
    Yeah, with a stop loss order far away, rather than touching it until the trade finishes, is one method to help such a bad habit. In Reality, this was the first intention of a stop loss, but too many traders use it as a lazy man's exit sign

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