Would you enter now or wait for a leg up
I got 3 dow30 Short-positions open at rate of 17358 - the market went completely up yesterday and today. Should i keep my positions open?
very wise words..several options as i see it;
1) take the loss and learn to cut your losses sooner in the future.
2) hedge the position in the interim and wait for the market to come back, it will eventually but that could be days/weeks...
3) leave the positions open, set their limit to 17300, set their stop to 18500+, over-capitalise the account and walk away for several days/weeks, *eventually* the dow will reverse for one reason or another and you'll walk away with enough profit to cover your daily financing charges. Although if you can still sleep at night i'll be impressed
asking for help is a good move though so you should be commended for that.
Morning... BAck from Skiing. Love Skiing, Hate the people.
Order to buy DAX at 910
Could someone tell me what's happened to Postman, not seen him online for a while.
Regards Shane.......
I opened a CS account because I didn't want to have all my eggs in one (IG) basket.CS very kindly filled me a 914
short and hold my breadth
Several options as I see it;
1) Take the loss and learn to cut your losses sooner in the future.
2) Hedge the position in the interim and wait for the market to come back, it will eventually but that could be days/weeks...
3) Leave the positions open, set their limit to 17300, set their stop to 18500+, over-capitalise the account and walk away for several days/weeks, *eventually* the DOW will reverse for one reason or another and you'll walk away with enough profit to cover your daily financing charges. Although if you can still sleep at night I'll be impressed
Asking for help is a good move though so you should be commended for that.