I have a Questrade margin account. I had more than enough cash and in error bought US stocks. I wasn't paying attention to my figures just whether I made money.
Once I saw the interest payments being taken out, I sold all the US stocks. I appear to be in the red by (-$7000.00) .
Since I sold all the US stocks and I am still being charged interest, what is going on? I should have about $10,000.00 in cash but the (-$7,000.00) is debiting my cash account. I did not agree to any loan. I began with all cash and even though lost on some stocks, I still made quite a bit.
How are US stocks still penalizing me if I sold them? Doesn't Questrade automatically take their money like their fees?