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Zecco.com » General Investing » Margin Trading » Margin Call Update Time
Last post 07-30-2008, 1:41 AM by Stardust. 1 replies.
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  •  07-29-2008, 1:51 PM 34459

    Margin Call Update Time

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    Currently the margin call update time is 11:00 am CT.  I think that the update time should update MUCH earlier, say 6 or 7 am CT.  That way, if you have generated a second call that would then cause both calls to be due, on that same day you have ample time to take care of them.  I had a call due today that I took care of (liquidated more than 4 times the call worth of shares) @ 9 am (before the 11 am requirement).  Apparently I had generated a second call though and wasn't updated until 11 so even though I took care of the 1 call I wasn't aware of the second and they liquidated more shares anyway.  Total BS!!! 

    Zecco, change your margin call update time to 6 or 7 am CT.  Thank you.

  •  07-30-2008, 1:41 AM 34487 in reply to 34459

    Re: Margin Call Update Time

    Reply Quote
    Just a friendly advice, I think you should stay away from margin... Until you figure out how to beat the market, don't use  margin.
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