DislikedH E L P !! PLEASE!! Yesterday I tried to trade the news. First Announcement did Good. But for the second, price went the other direction. I hedged the 3 "buy" Positions with many sell orders which I closed with profit. It is the first time EVER I hedged Positions. To avoid a margin call, if price moves further down on monday (gap), I had to hedge again. I dont now how to get out of my "hedge Situation" without loosing money! Does some have an idea, what to do? Here is my chart: Thanks {image}Ignored
Just take the loss NOW and don't do this again.
GU might go down another 270 pips next week to 1.5750.
The only hedge you can safely make is main trade in trend direction and small hedges for retraces.
All with stops.
New voice message: Why are you calling me? If I need you, I'll call you!