Re: Short nifty futures for month of 27 August at 4070
You should not be averaging a losing trade. You don't make any profits and risk even more. If it goes against you, you will lose more. If you short again you might end up asking the same question again.
What is done is done no point looking at it. What you can do is square off immediately but since now markets are closed it would be tomorrow. You might think squaring off immediately would be a hasty decision but think about this - the correction may not come till the second after the margin call. What then?
What I would do is this - tomorrow morning look for global cues and news or anything that might point to further rise. Once ascertained that rise is imminent since 4500 is also taken out square off on "confirmation that the price is actually rising". No point holding on to a losing position, certainly no point holding on to something that is going to lose more. If anything it would be better to go long and make some profits while waiting for the slide, wouldn't it?
If there's hope of a breakdown below 4500 tomorrow then hold on as long as it is falling. Then take a fresh call from there.
That is what I would do since I don't like losing positions. If you have deep enough pockets which I assume you do to short at 4070 and hold on so long, then there's still 30 days to go it might come down but no one will be able to tell you if you will see 4070.
You should not be averaging a losing trade. You don't make any profits and risk even more. If it goes against you, you will lose more. If you short again you might end up asking the same question again.
What is done is done no point looking at it. What you can do is square off immediately but since now markets are closed it would be tomorrow. You might think squaring off immediately would be a hasty decision but think about this - the correction may not come till the second after the margin call. What then?
What I would do is this - tomorrow morning look for global cues and news or anything that might point to further rise. Once ascertained that rise is imminent since 4500 is also taken out square off on "confirmation that the price is actually rising". No point holding on to a losing position, certainly no point holding on to something that is going to lose more. If anything it would be better to go long and make some profits while waiting for the slide, wouldn't it?
If there's hope of a breakdown below 4500 tomorrow then hold on as long as it is falling. Then take a fresh call from there.
That is what I would do since I don't like losing positions. If you have deep enough pockets which I assume you do to short at 4070 and hold on so long, then there's still 30 days to go it might come down but no one will be able to tell you if you will see 4070.
