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exhibit the second:
11 months of grinding and this guy decides to short gold futures.
sadly does not understand how lot sizing works and ends up with £65000, his entire life savings, very much in play.
immediately futures surge and he's down £4000. and because this is totally a thing you do in that situation (trust me) he decides to weather the storm and try to break even.
[ morgan freeman voice ] he did not.. break even.
margin call, gentlemen:
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ok full disclosure i actually turned up my old margin account to fuck with debit spreads and i was today years old when i found out that both legs of a same day vertical spread on spy count as PDT strikes and frankly im a little shook but here we are.Comment
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