Need help

izzner

Well-Known Member
#1
I invested around 15000 in stock futures around 15 days ago and now my ledger balance is showing a value of minus(-)21,000/-...

what do i do...????

EDIT: I bought stock futures on margin so since the stock value plunged suddenly my principle margin of 15000/- was wiped out.. so isnt it the brokers mistake as he didnt auto square off when my MTM loss started exceeding my margin amount..???
 
Last edited:

izzner

Well-Known Member
#3
Common experts please help...

Do i really have to pay the money...

I read somewhere on the internet that..

The net profit or loss on a position is paid out to or in by the member on the very same day, in the form of daily mark-to-market (MTM) margins.
A large loss, when accumulated over several days, generates a temptation to default at settlement. To prevent this from happening, the loss of each day is paid up on that day itself. The member will not default on the MTM payments as long as the one-day loss is smaller than the initial margin (which the exchange forfeits if the member defaults).
Please help on this
 

sudoku1

Well-Known Member
#4
I invested around 15000 in stock futures around 15 days ago and now my ledger balance is showing a value of minus(-)21,000/-...

what do i do...????

EDIT: I bought stock futures on margin so since the stock value plunged suddenly my principle margin of 15000/- was wiped out.. so isnt it the brokers mistake as he didnt auto square off when my MTM loss started exceeding my margin amount..???
FRIEND , IN MY VIEW.......its ur mistake.....ur broker is humble 2 let u trade even in DEBITS....it is dangerous to play futs without STOPLOSSES...:)
 

lvgandhi

Well-Known Member
#5
Common experts please help...

Do i really have to pay the money...

I read somewhere on the internet that..



Please help on this
Your contract with your broker only will bind you and broker not what you read in internet or somewhere. Hence read that. If you are correct and ready take on the battle, then go to SEBI, and pray. Else pay what he wants and take it as tutorial cost from market. Truth is bitter.
 

AW10

Well-Known Member
#7
Dear friend, In trading you must take responsibility of your action. If it is going in loss, it is your responsibility to cut the loss. If you have not closed your position then it is your obligation to pay for the loss now. Why would broker play on your behalf and manage your position. As per contract, most of the borker have right to close your position but that is not mandatory.

If you are paying this shortfall then most likely borker will block your account.
If you had you been in western country probably it would have reflected as big dark spot on your credit history and would have made all your financial dealings in future difficult. Maybe in India, you can still get away with loosing your 15k.

Better luck next time and do take responsiblity of your action.
Happy Trading
 
U

uasish

Guest
#8
can anyone else comment...
How can you expect some one else to take responsibility of your action.In life whenever you expect somebody else to take responsibilty of your bad actions then at the Longer Time Frame you may land up in Looser's Camp.
My words are harsh becoz you seem to believe that all money lost of my speculation is Broker's fault & SEBI should bail us out.Ha !
 

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