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Suggestions on what you think I should do

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  • First Post: Apr 5, 2017 9:37am Apr 5, 2017 9:37am
  •  xMeruem
  • | Joined Feb 2015 | Status: Member | 132 Posts
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Hi, this is my current situation. This is the last remnant of an old hedging strategy I used to follow but having ended up in situations like this before I put that to an end. Initially I had both Buy and Sell lotsizes the same but seeing price come into resistance I closed some of the Buy's to soak up their swap charges whilst expecting price to fall back into the Sell side where I have more lots = a faster recovery.

I'm just putting this out there to see if anyone has any ideas as to how to deal with this. Normally I would add another Buy order equal to the difference to bring the Buy in line with the Sells which locks in the current loss so I can possibly look to trade other instruments to absorb the loss. It turns out this time I don't have much funds left in this account unless most of what I trade were winners.
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