Hello QC community,  I was just wondering if leverage is applied universally considering the total account value or if it applies to each individual stock purchased. Meaning if I purchase a hedging instrument that I plan to lose money hand over fist with, will I just continually be margin called on that asset as it regularly drops over 50% in value, even though the rest of my account has increased significantly more than was lost? Thanks for any help - I currently plan to use interactive brokers but if this is an issue I might switch!