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avatar_Biggie Smiles

Seoulbro maybe you would know?

Started by Biggie Smiles, March 19, 2020, 06:41:33 PM

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Biggie Smiles

March 19, 2020, 06:41:33 PM
Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

Anonymous

#1
March 19, 2020, 06:52:21 PM
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

I don't understand this. But, it seems like risky investing. I am a socialist, but I am a super conservative when it comes to investing.

Anonymous

#2
March 19, 2020, 09:33:16 PM
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

I have never sold an investment..



I'll do that when I retire.

cc

#3
March 19, 2020, 09:38:03 PM
I did hear of some safeties put in place. Not sure which tho



Fash, clearly Biggie is not a invest and sit on it guy .. sounds like a very active trader??
I really tried to warn y\'all in 49  .. G. Orwell

Anonymous

#4
March 19, 2020, 09:39:49 PM
Quote from: "cc"I did hear of some safeties put in place. Not sure which tho



Fash, clearly Biggie is not a invest and sit on it guy .. sounds like a very active trader??

He has posted about it on other forums. He is a ballsy trader.

Anonymous

#5
March 19, 2020, 11:12:47 PM
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

There has been outages with their app in the last couple of weeks.

Biggie Smiles

#6
March 19, 2020, 11:44:34 PM
Quote from: "seoulbro"
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

There has been outages with their app in the last couple of weeks.




I was thinking that could be it. I've dealt with margin calls in the past and if you ain't got their bread by 1:59pm the day of the call you shit gets sold whether you want to or not.



I'm in serious red territory but I refuse to post more cash into the account and possibly escalate my loses further so I just ignored the demand and waited to see how many shares were sold based on market value both yesterday and today. No trades executed. And based on what they wanted in cash at least 2000 shares would need to have been sold to get me there. Odd.

Anonymous

#7
March 20, 2020, 12:12:59 AM
Quote from: "Biggie Smiles"
Quote from: "seoulbro"
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

There has been outages with their app in the last couple of weeks.




I was thinking that could be it. I've dealt with margin calls in the past and if you ain't got their bread by 1:59pm the day of the call you shit gets sold whether you want to or not.



I'm in serious red territory but I refuse to post more cash into the account and possibly escalate my loses further so I just ignored the demand and waited to see how many shares were sold based on market value both yesterday and today. No trades executed. And based on what they wanted in cash at least 2000 shares would need to have been sold to get me there. Odd.

I have noticed a lot technical glitches in the last couple of weeks. Just today, I had an issue with the Canada Revenue Agency's site.

Anonymous

#8
March 20, 2020, 12:22:12 AM
I have had a lot of risky behaviours in my fifty two years, but I never got risky with money. I was never much of a gambler or a high risk day trader. I have owned some stocks for twenty five years.

Anonymous

#9
March 20, 2020, 12:35:08 AM
Quote from: "Biggie Smiles"
Quote from: "seoulbro"
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

There has been outages with their app in the last couple of weeks.




I was thinking that could be it. I've dealt with margin calls in the past and if you ain't got their bread by 1:59pm the day of the call you shit gets sold whether you want to or not.



I'm in serious red territory but I refuse to post more cash into the account and possibly escalate my loses further so I just ignored the demand and waited to see how many shares were sold based on market value both yesterday and today. No trades executed. And based on what they wanted in cash at least 2000 shares would need to have been sold to get me there. Odd.

It's none of my business, but that seems so risky..



Than again you have more disposable income than we do.

Biggie Smiles

#10
March 21, 2020, 06:36:51 PM
Quote from: "Fashionista"
Quote from: "Biggie Smiles"
Quote from: "seoulbro"
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

There has been outages with their app in the last couple of weeks.




I was thinking that could be it. I've dealt with margin calls in the past and if you ain't got their bread by 1:59pm the day of the call you shit gets sold whether you want to or not.



I'm in serious red territory but I refuse to post more cash into the account and possibly escalate my loses further so I just ignored the demand and waited to see how many shares were sold based on market value both yesterday and today. No trades executed. And based on what they wanted in cash at least 2000 shares would need to have been sold to get me there. Odd.

It's none of my business, but that seems so risky..



Than again you have more disposable income than we do.






Not anymore I don't  :roll:

Anonymous

#11
March 21, 2020, 10:53:30 PM
Quote from: "Biggie Smiles"
Quote from: "Fashionista"
Quote from: "Biggie Smiles"
Quote from: "seoulbro"
Quote from: "Biggie Smiles"Etrade does not appear to be honoring their own margin calls.



I was issued a margin call yesterday that was due by 2:00pm for 8,000.00 in cash and another today for 3,400.00 in cash.



Normally, in both instances they simply sell the appropriate amount of stock on your behalf (like it or not) to cover the call. BUt in this instance on neither day were any shares sold. Interesting and I'm certainly grateful but I'm wondering if this has anything to do with some of the emergency measures put into place which would prevent a brokerage house from fucking their clientele over even further by liquidating at such extreme loses ?

There has been outages with their app in the last couple of weeks.




I was thinking that could be it. I've dealt with margin calls in the past and if you ain't got their bread by 1:59pm the day of the call you shit gets sold whether you want to or not.



I'm in serious red territory but I refuse to post more cash into the account and possibly escalate my loses further so I just ignored the demand and waited to see how many shares were sold based on market value both yesterday and today. No trades executed. And based on what they wanted in cash at least 2000 shares would need to have been sold to get me there. Odd.

It's none of my business, but that seems so risky..



Than again you have more disposable income than we do.






Not anymore I don't  :roll:

I think of the song, the Gambler, by the late great Kenny Rogers.

Thiel

#12
April 05, 2020, 05:38:35 PM
The markets keep looking for a sign of a treatment game changer or better yet, a vaccine.
gay, conservative and proud

Anonymous

#13
April 05, 2020, 09:24:05 PM
Quote from: "Thiel"The markets keep looking for a sign of a treatment game changer or better yet, a vaccine.

A vaccine is at least a year away. But, if we could get medicine that treat the symptoms with as few side effects as possible out to every pharmacy, we could lift all these restrictions and get people working and markets back on the upswing.
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