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I would need the margin available to sell 5 new contracts, correct?

I read the same article. That's what's got me scared. Who knows what it will open at on Sunday night.

I bought 2 @ 33.94, and 5 @ 34.01. Average = 33.99.

I was trading 6 lots of MESM20. I have already firmly established that this was a foolish trade to enter.

It's roughly the same amount I just had in SPXS. It's less than the cost of my Lamborghini that I never drive that's sitting in a storage unit.

Charles Schwab. I didn't think it would be because I thought it would be unlikely to hit its all-time low of March 18th given the 2.5 week bull run since then. But now I hear about all this OPEC meeting stuff and that it's set to tank on Monday.

I can't afford to short anything. I'm maxed out at my margin. Honestly, at the time I was just watching it by eye and planning to close out if it hit a few thousand profit. I was being very foolish. Didn't even realize the end of the trading day (and week!) was approaching.

I underestimated the amount of capital I would need. I would begin to margin call at about 33. I would lose it all If I don't bring more in at about 26.9.

I said it would hit TP that %. Doesn't account for the disparity between win amount and lose amount. But I'm tweaking it I now because I saw a flaw. I'll be glad to share the new results.

Also, I didn't even know anything about this OPEC meeting stuff at the time. I just looked at it as...oil prices will rise when economy recovers from corona.

Calculations? None. I was running on a high of being profitable in 3 MESM20 trades consecutively. I didn't realize how little of a loss could cause me to margin call or lose it all. Plus, I didn't even realize it was nearing the weekend. I'm locked in my hotel room. 3pm looks the same as 3am...

I think it will rise too. Unfortunately for some stupid reason I decided to buy futures that will cause me to lose $14k if CLV20 drops to 32, and an additional $7k every point drop after that. So if it goes to 28, I'm down $42k!!! My advice. Don't do that.

On March 10th, I was riding the London Underground thinking that putting my jacket hood on and trying not to touch the railings would help me. Imagine all that time the virus was taking hold in the UK.

If you multiply those low odds by 7.7 billion people... That's a lot of deaths. I wonder if they're still using ice skating rinks as morgues in Spain.

Then use your soap, gloves, face mask, hand sanitizer, and bleach so you don't spread it around and kill somebody's grandma.

You're saying 90k people dying is like nothing. About 53k Americans died fighting in WW1 combat.

At this point, I'd be happy to take a $10k loss. If CLV20 opens at 32, I'm at a $14k loss. If it's at 31, I'm at a $21k loss !!!!!

You're not a "snowflake" to worry about something that can kill you. It's common sense.

I'm pretty sure I am screwed. I am now reading the delayed an OPEC meeting that was scheduled for Monday and this could crater oil prices on Monday. It's not even about the spread. Oops.

Because it should go up when the economy recovers. But might go down periodically in the meantime.