I was long US crude last night and was stopped out on a margin call. I hadn’t realised when opening the trade that US light required much more margin that say the DOW (it wasn’t a big position – but then I don’t keep much money in my account!).
A margin call was executed exactly on cue and the trade closed out for a loss, yet oddly the trade was reopened at the new level, which didn’t make much sense. Overnight I received six emails requesting additional funds as the price moved up and down. Even this morning further margin was required and I was expecting to be closed out again once the workers bees rocked up to start monitoring accounts.
Strangely the trade survived and I’ve since closed it for +100 recovering the original loss (and more). SB companies do odd things (in this instance, IG).