Recent rally movements these few days tested the price position of my counters. i did a hedge a while ago to both AMD & LVS to avoid Big movements in either Up or Down.
While awaiting for June's expiry, last few days market have done some major range movements. Especially when the recent upward movement, got issued 2 margin calls of abt $2.4k & $500 due on June 16 & 17 respectively. So choices have been made to release margin back to the acct.
Reduced my hedge quantity & mainly my 'bonus' AMD Shares position have been sold to improve Cash Liquidity as well. If you noticed, my Cash In Acct remains relatively high, infact in times of Major movements, my Acct Value stands at ard USD$42k while my Cash in Acct rises.
Lesson Learnt, Margin/Leveraging used is too high. I'll adjust my rule of Margin Usage to ensure that i do not get Margin Calls which might caused my 'Favourable' positions to be liquidated.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment