help me about goldm and silver mini

[N_P_S]

dear sir i short silver mini in nov contract @ 28960 second short @ 29970.

gold mini 3 lot short @ 18700-18800-19003

my capital is 80,000
what i can do now pls sugest me

 

[d_s_ramesh]

GOLD is in a good up trend now, it shows very minor weakness and does not have the possibility to go down in a big way. The present lot risk on GOLDM is 3300 per lot, your capital of 80K will not sustain 3 lot exposure and along with this you have short SILVER which has very high volatility.

If possible please cover shorts and bring down your exposure. Risk only 2% of your capital on any trade. In that manner you can trade only 1 lot of GOLDM. Please do not average a losing trade.

 

[satya_030]

instead of averaging lots plz go for hedging so that you'll end up with limited losses

 

[N_P_S]

dear sir am again short silver mini 3rd lot @30812, now i hav 3lot short.in nov contract
28960-29970-30812= avg is 29914 what i can do now can i wait or exit.

i also hav short position in gold mini 18700 18800 19003 this is nov contract

 

[satya_030]

try to exit one short position in goldm if prices comes below 19k and after that go long1lot in goldm.same thing applies to silverm.dont sit idle keep on averaging ur lots i mean if price comes below 30800 remove one lot and short it at above 31k.this will increase ur avg price.