Have you ever been margin called?

How was it like? Was your heart beating out of your chest? Were you panicking?

why would that be if I was in the discipline?

Fortunately, I haven’t experienced this! :blush: And hopefully NEVER will. :crossed_fingers: I’m not really the biggest fan of taking multiple trades at once, and I feel like this has prevented me from getting to this stage. :thinking: Since I can focus on my trade, I get to take the appropriate steps before I even get close to getting margin called. :sweat_smile:

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Gosh, never.
Well, maybe in demo when I was starting off long time ago. I did not realize what that mean until I read more about it later on. Hopefully I will never have to face that. I cannot imagine my face if I get one.

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Using an EA yes when I first started in forex but not trading manually.

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A few times, haha. Yup. But it was in my email and after the fact. I turned off all alerts from my brokers.

The alerts were too distracting when they tell me a pair is up and another is down, and it made me wanna check on my trades.

The first margin call made me nervous. After that I didn’t care.I knew my trades and my stops.

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Yes it happened with me a couple of times when I was playing with high leverage, frankly it was a lesson for me to calculate potential loss from a trade in advance and set stop loss accordingly

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I’m imagining the sheer panic I’ll have if I get it lol. I’ve only heard stories from friends who got margin called on their stock trading accounts but not from forex yet!

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No, never been anywhere close. But I had questioned the level of account funding I had been using after I had a lucky escape by closing an MF Global account three days before they went t_ts up and retrieved my $5K.

In hindsight, I had a “lesson learned” moment without experiencing the loss, and vowed to be more cautious about the level of funds I leave in a broker account. Just the luck of the devil that I didn’t lose the $5K. My business plan stated that if I could not demonstrate an edge after nine months trading or 500 trades, whichever came first, then I would stand down and come back to fight another day. They went belly up just five days after my nine months was up. That is also a good reason why you should have written plans and try to stick to them both in outcome and timeframe.

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Straight up luck right there. Glad youve never experienced getting margin called!

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I encounter it in micro accounts at the beginning of my trading career.

If you have low capital and low leverage you will eventually face a margin call.

I think you meant high leverage because trading with low leverage you can sustain significant adverse price movements.

@darthdimsky See they’re here too lol

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Yes using an EA but it was testing the EA on a smallish deposit so I closed it out !