### Comment:
Is it not true that the trade will become unvalid if the trader can’t cover a margin call with other assets? As i understand he could not use the same trade as an asset to cover a potential loss.  
 If the trade does go through i would think the trade is illegal both on account of trader and broker?

### REPLY:
Yeah, it's all very illegal. 
  
 And [this already happened](https://www.youtube.com/watch?v=A-tNkuYV4_Q) a few days ago. Guy lost 50 grand doing this.  
  
 Leveraged himself and bet Apple would miss earnings... his reaction when the market opens and Apple went up instead has become legend.

### END.