Why aren't FNO-EQ contracts sold out automatically when margin calls rise?
Two three weeks ago when market began a sharp correction, I was over-over-leveraged. At the end of the day I didn't even have the necessary Span margin to overnight carry the contracts. but yet I was carrying them with absolutely no money in account. It was 1 lakh debt. The next day I paid a huge fine for the lack of span margin money. When I shouldn't be holding any contracts in the first place, It must have gotten sold out automatically.
Since when did brokers not give a sh!t about margin?! I was in 1Lakh debt and yet I was carrying over all the contracts for another day. Stop this madness. How can we set up such a thing (Please f***g dont tell me about stop-losses)