Etrade’s explanation of my margin not being margin because I’m making money but actually I owe Etrade but I actually don’t but I do because I do

by VbaHelpTutorial

This is one year from the date when E*TRADE sold off my Amazon 4x margin shares at $1440 2 weeks before Amazon raised 15%. I rode it down on 4x margin from $1700 to $1450 and they made me eat 2x margin 15% loss despite me having $10k cash leftover. Amazon‘s margin requirement was changed back to 25% 4x two weeks later too. (So they changed it to 2x for 2 weeks sold off my shares and then changed it back)

www.reddit.com/r/wallstreetbets/comments/a8snuq/that_feel_when_etrade_changes_your_margin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

 

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