Any Fault to Broker
Recently, my trading account was doing great until it hit a train wreck that wiped me out and more in a single day. Scary situation.
I was trading a combination of ES futures and ES futures options and I made a big miscalculation in pricing. The blowup exploded, when the broker allowed me to buy on negative buying power. This additional ability buying did not not increase my buying power(meaning moving closer to zero since at the time my buying power was negative.
The way the positions moved is my fault, but has anyone heard of a similar situation and is the broker at fault in anyway for allowing of additional buying when the buying power is negative? Note this buying did not raise the buying power in the account. The negative buying power was below (-$10,000). Thanks for any thoughts.