Need to send money over weekend. Still think I will win on this trade - so many gaps need to fill. It will see 125 next year.
After having several margin calls in the past I came to conclusion that at the end margin call protects investors against themselves. Your greed will hold you hostage till there is no more assets to protect
I think you are right but being right can sometimes put you in the poorhouse. Most peoples assets would not last this long.
First of all. the 1500 "short" NFLX position is simply a make-belief position with an
accompanying loss of $210,000..
If the above "short" position is factual, it is properly described as a position gone
horribly bad, not due to "greed" but simple ignorance and stubbornness.
This is an irresponsible position to maintain only BECAUSE it was allowed to run up
(assuming this was not hedged along the way when this POS NFLX shot
Highly unlikely NFLX will go lower than 280 in the near future.
$450 in 2014