HELP I am short ESand getting Margin calls

Live to trade another day, April 2. Happy April 1 everyone.

Who the hell would go short 100 contracts ES on a break out of NQ and ES at a new high? ;) Heck I would not go big either way for that matter. Just stay the course and look out for icebergs. There are some pretty big 4K orders going through right now and for the past several days. Large players are doing their thing.
 
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Bad_Badness said:
Live to trade another day, April 2. Happy April 1 everyone.

Who the hell would go short 100 contracts ES on a break out of NQ and ES at a new high? ;) Heck I would not go big either way for that matter.
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Should have seen you were just "April Fooling" us with your claim of getting "margin calls". Shouldn't be "calls", rather just one.
 
Bad_Badness said:
Who the hell would go short 100 contracts ES on a break out of NQ and ES at a new high?
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Interesting notion. I have a friend who traded with the belief, "all breakouts are false and should be faded". Well as you can imagine, he LOST HIS ASS... and now lives in a cardboard box under the viaduct. :(
 
Bad_Badness said:
Live to trade another day, April 2. Happy April 1 everyone.

Who the hell would go short 100 contracts ES on a break out of NQ and ES at a new high? ;) Heck I would not go big either way for that matter. Just stay the course and look out for icebergs. There are some pretty big 4K orders going through right now and for the past several days. Large players are doing their thing.
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So, you did not really suffer any losses? That was a joke?
 
smallfil said:
So, you did not really suffer any losses? That was a joke?
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SF, No just a normal trading day clipping points like coupons. I think the last time I did something like that was last century and even then no so bad.

I think you can get multiple calls. IB will auto liquidate just enough as needed to keep you in compliance as the market steam rolls you. I tested it on paper once to see how it behaves. It was actually kind of hard to generate multiples because you need to be against a strong trend.
 
Bad_Badness said:
Last night I decided to scale up. Normally I trade a few contracts but decided to try 10 contracts of ES. When it went against me I bought more. I continued. Now I am short about 100 contacts and keep on getting margin calls and auto liquidation.

What should I do?
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Alright. Got me.

Was reading the story, then looking at nick & like what da hell.
 
April fools and still could not hide what an idiot he is. Most users on this site really are representing the absolute basement bottom of the financial trading community.

RedDuke said:
It is a joke. He was adding to short position by buying more contracts :D April fools day:sneaky:
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