Wednesday, September 24, 2014 3:29:22 PM
I'm an ex-active trader manager, I used to help our margins dept, blow out people with maintenance calls with eq. below 25%. I've crushed many thin market tickers in my day; leaving accts to liq to deficit.
The "firm" wanted us to use MKT orders... I felt so bad I couldn't work them out of the margin calls better, but that was too discretionary for their comfort.
Oh that makes for a fun phone call, yea sir I sold every thing in your acct. and you still owe us money...
I only use margin to satisfy option requirements these days.
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