The recent Reddit WallStreetBets story reminded me of a time when I was in my 20s and trading future contracts (kind of like options in that you can be leveraged substantially). I was trading e-mini contracts (I wonder if they are still around?) and I "thought" I had closed out
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my position but I left one contract open overnight and the next day I was down like $3k. Good times.
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Yea, basically same....just confused week of expiration but was in the money and would've been on the hook for like 5k that I didn't have at the time😳
Brokerage handled it, made me recertify I understood risks, and said they'd exit me if happened again - totes fair.
Good times