Day Trading & Forex Forum

stock trader

Hi all

Right ! lets all be honest with ourselves and lets hear from those traders that had really bodged it sometime and had to answer to a ‘Margin Call’. It would be interesting to hear how and where you were contacted to pay up, how did you react and what were your feelings at the time? what adjustments to your trading did you make to recover? …well many of you would think ‘what happened to your Stop Loss’ but inspite of this has any one had to answer a Margin Call?

regards
ST

JonnyT

Hi ST,

I've had one for over £100,000

JonnyT

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NickW

When I pyramid trade I get margin calls all the time, basically when I'm sure of the trend position trading I max out. I use a spreadsheet to work out when I can buy more, allowing room for a swing against me, and I take some off at the margin call point. I only pyramid when I'm up already and max out early. The last time I did it I was long from 790 in october - so not often.

stock trader

JT...You Can Not be Serious ma man! is that why you think SB's are for mugs?...but you dont seem to take into account that SB's is the starting point for many a trader cause one can bet small and learn and may be even make a consistent profit. Then again JT, I've got to give it to you mate...it has to be a 'MUG' that gets a margin call for 100k

ST

Dr Mike

I've had three margin calls from D4F - the first one for £64,000, which I ignored. I assume this was a system glitch - I never heard anything further.

The second one because a telephone bet had been wrongly posted to my account.

I assume the 3rd one was a wrong booking as well, on receiving the call I checked my account and found myself 80 pts in profit on a bet I hadn't placed. So I quickly closed it off before any damage was done.

I never log of D4F now without printing off all my open positions.

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Dr Mike

farzin

I had a few margin calls between £10,000 to £30,000. But That's fine if you have a time frame and strategy. On all occasions not only I had my money back after a few days I also made some more money since I added on my positions when market was dip. I think in a volitile market, if you want to be in the game you should have some guts to risk (obviously not burning your fingurs!) otherwise you might get stopped too many times. But I reapt my point again, if you have a strong opinion about the market and can handle margin calls (financially and Psychologically!!) then nothing is wrong with it. Anyone disagree?

mmillar

You're mad as a hatter Farzin

No matter how confident you are in your position, it only takes ONE time for you to get it wrong and you are history.

For anyone who is right 100% of the time then getting margin calls/averaging down is OK - for everyone else put your stop in and stick to it.

JonnyT

Hi Stock Trader,

The margin call I had for £100,000+ was a system blip at Deal4Free. I was short ISYS at the time, but for some reason the buy price went up to something like 100,000p instead of 100p.

I tried a cheeky short at that price, but for some reason they didn't accept my kind offer.

Although I complained about the margin call I never even got a simple sorry from them.

As for spreadbets are for beginners, thats fine for FTSE 100 Stocks but simply forget it for anything else unless you want your wallet emptied. Those dice are well loaded.

JonnyT

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