Jump to content

Do you first close unopened orders after margin call?


Recommended Posts

Hi 

I haven't been able to find any information on this so here are my questions:

When you start closing positions after a margin call when equity drops below 50% of margin requirements:

- Do you first close limit orders that haven't been opened yet rather than open positions?

- Do you close order by order or all positions at once?

So my example is, I'm nearing 50% but have a number of limit orders that haven't been triggered/opened yet. Without those I have plenty of equity left for my live trades. 

 

Thanks 

Edited by Profanello
Link to comment
  • Profanello changed the title to Do you first close unopened orders after margin call?
On 18/06/2022 at 07:58, Profanello said:

Hi 

I haven't been able to find any information on this so here are my questions:

When you start closing positions after a margin call when equity drops below 50% of margin requirements:

- Do you first close limit orders that haven't been opened yet rather than open positions?

- Do you close order by order or all positions at once?

So my example is, I'm nearing 50% but have a number of limit orders that haven't been triggered/opened yet. Without those I have plenty of equity left for my live trades. 

 

Thanks 

Hi @Profanello,

Thank you for your post.

Your positions will be closed on a First in First out (FIFO) basis, meaning we will close the position by order not all of them.

We will not close your open orders, otherwise you will miss out on opening position on markets you wanted too.

You will receive warnings as explained in the link below. You can close your open orders if you like to avoid closing open positions.

What is margin call? | IG UK

I hope that it helps !

All the best - Arvin

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      19,995
    • Total Posts
      87,962
    • Total Members
      69,145
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Badman27
    Joined 26/09/22 06:08
  • Posts

    • Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Gov Bonds 10 Yr Yields, US Dollar Index DXY, US Spot Gold, GDX, Silver, Copper, XLE Energy ETF, Crude Oil and Natural Gas Market Summary: Stronger Dollar index weaker FX pairs and commodities. Shorting Gold stocks seems one of the better moves. Expect all metals and energy markets lower  Video Chapters 00:00 US Gov Bonds 10 Yr Yields 08:04 US Dollar Index DXY  13:58 GDX ETF /  US Spot Gold 15:44 US Spot Silver 17:20 US Copper / Lithium / Uranium / Nickel 25:20 Crude Oil. Sector XLE / XOM 34:42 Natural Gas 48:44 Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Elliott Wave Analysis TradingLounge Daily Chart, 26 September 2022, Monero (XMRUSD) XMRUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (2) of Motive Details: A retrace in wave (2) to continue up in wave (3), but the price must not fall below 134.072. Wave Cancel invalid Level: 134.072 Monero (XMRUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 174.2 level as MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position. Monero (XMRUSD) Technical Indicators: MACD and MACDHistogram has a Bul ish divergence, and the price has an opportunity reversal. TradingLounge Analyst: Kittiampon Somboonsod Source: tradinglounge.com    Get Trial Here!       Elliott Wave Analysis TradingLounge 4H Chart, 26 September 2022, Monero (XMRUSD) XMRUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (2) of Motive Details: A retrace in wave (2) to continue up in wave (3), but the price must not fall below 134.072. Wave Cancel invalid Level: 134.072 Monero (XMRUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 174.2 level as MACD and MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position. Monero (XMRUSD) Technical Indicators: MACD and MACDHistogram has a Bul ish divergence, and the price has an opportunity reversal.
    • Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, JPM. Elliott Wave  US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Market Summary: Elliott Wave Count: Wave (ii) or (iv) depending on the stock. Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: The market is still trending lower in the medium term. Continue on the short side of the market and short the corrective rally today.  Market News: The Fed will save the stock market and cut interest rates if a deep recession occurs next year, JPMorgan said./ Some U.S. firms wait to issue bonds in a bet rates will come down Video Chapters 00:00 SP500 00:58 Apple (AAPL) 07:03 NVIDIA (NVDA) 08:28 Amazon (AMZN) 10:50 Meta Platforms (META) 12:01 Netflix (NFLX)  14:42 Enphase (ENPH) 16:18 Tesla (TSLA) 20:30 Alphabet (GOOGL)  22:59 Microsoft (MSFT) 32:58 Block Inc. (SQ)  34:37 Banks JPM, GS 43:15 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
×
×
  • Create New...