$100 down the basin, just like that.
calculated my position wrongly.
the $600 I saw when I placed 100 order is the margin requirement.
Did not do a simple calculation when buying ($18 x 100 = US$1.8k)
I think I was too tempted by the price drop and good valuation of the stock.
O well, life goes on, and a not too expensive lesson.
US$1.8k is larger than I would like to own
But it is still affordable for me. And 100 is a sweet number.
It is money that I have available and can just purchase it on TD Ameritrade.
But buying in IG allows me to use leverage, and use the money if there are other emergencies.
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