Rules
dont trade on margin
A MARGINE ACCOUNT IS BUYING ON CREDIT.
SOME ACCOUNTS HAVE THE ABILITY TO AUTOMATICALLY EXTEND CREDIT ON MARGINE,
No one should be risking there house and having there assets seized . !!!
lot of risk. DONT DO IT ! margins and selling , uncovered or naked positions ,
you should have the shares. I have seen crazy stuff just happen , what should have sold dosent .even as part of a spread, if you have the cash CLEAR to cover ,you should be ok. ,
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my account is with TD ameritrade, no margin
if i do not have the shares or cash , my order is rejected,
prevents a fat finger trade.
but you need to make sure of that your broker's platform will do that .
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and be polite in the chatroom , no profanities