Friday, April 22, 2016

Margin Call


*ring ring*

Me: Harlow?

Bob: Hello, Mr GMGH?

Me: *ahem ahem* Yes, speaking.

Bob: Hi Mr GMGH, this is Bob from your CFD brokerage.

Me: Oh hi Bob.

Bob: Hi Mr GMGH. I'm just calling to let you know that your account is in margin call.... for about the past month now. Are you aware of that?

Me: Of course Bob, you guys call me every few days to remind me that.

Bob: Ah yes, of course Mr GMGH, that's what we're supposed to do! Anyway, I need to notify you that your positions will be closed out once your account hits X% of your current margin position. Do you understand what this means?

Me: Yup, I understand.

Bob: All right Mr GMGH. Ideally you would want to top up your account so that you won't be in margin call and have the possibility of your positions being closed because of market fluctuations. Of course you could close your trades to reduce your margin levels, or at least make sure to monitor your positions very closely so that your account doesn't fall below the close out levels.

Me: No worries Bob, will do.

Bob: All right Mr GMGH, that's all. Yup. Have a nice day.

Me: Thanks, you too!

*kiap*

Me: THIS FUCKING MARKET... FUCKKKKK FUCK FUCK

3 comments:

  1. Don't worry too much. The market should trend upward now....
    unless you brought lots of oil related bluechip.

    ReplyDelete
  2. Leverage. When the going gets tough.

    ReplyDelete
  3. my friend, our time is coming! stay short!

    ReplyDelete

Observe the house rules.