I definitely see gambling as a vice.

I guess I am not the typical Asian.

This post has been edited by CoffeeDude: Mar 29 2021, 04:24 PM

Nomura filed 2 billion in claims against the firm.

means when it goes up don't buy (red warning)

when it goes down, good times to buy (green opportunity]

i think everyone missing point here...
BBB or SSS sifus?

so how the heck can he still get margin / leverage after being banned from trading?

Ban lifted already in 2018

One can always aim for 5% gain out of 50% retracement in a day.

dude borrow money to gamble on stock market, stock market go down, banks liquidate his holdings (margin call) to avoid losing money, market sold off even more.

moral of the story, don't borrow other people's money to gamble.

Chyna punya company. lel..

anyone dare buy Chinese stock is asking for suicide..

Chyna helang la obviously.

you pipit play by different rules.

He helang, got privilege and CCP government.

all margin call is loan?

Let's say you got $10, they let you borrow $100 to buy stock out of the $10 you have, so 1:10 leverage.
You use all $100 to buy in a stock, now the stock drop 25% due to dilution, so they ask you to come out with $25 in cash to cover the losses, you don't have the money to pay back so they have to sell all in the market to recover money and you still owe them for the outstanding amount.

You can buy. But do not hold long.

China businessmen only look to earn quickly and save as much as possible to move the money out of the country.

fark

so if can pay dat 25 wat happen

all or nthing

Then can cover, nothing happens, you still hold the stock.

not 10:1 leverage?

technically, no. It isn't even a loan.

Margin call is just additional & available funds that sits inside your broker trading account.

Think of it as a credit card. The money is there for you to spend to buy more stocks. But one rule, you must have at least remaining 40% balance at all times.

If you don't have 40%, then you are required to top up with money of your own until it goes to 40%. Otherwise, the broker will liquidate your stock position to reach back to 40% of available balance.

joe_star

Same thing