94939I bill you 20k up front to tell you what to do... and you will save 70K. . get it. .
94939I bill you 20k up front to tell you what to do... and you will save 70K. . get it. .
94939I had been told to use options but in most honety I dont know much about it and did not want to take Additional losses
94939Yes - I plan to close the EU shorts and cut some positions from the EU buys right at the top thus reducing some vulnerability
94939by'hedging' it's like closing the position.
If we buy, we shut it with sell, either with the exact same contract, or with new contract.
With every contract we pay spread for commission, therefore'hedging' will be similar to 1 commerce with doubled fee.
I enter this condition quite often, be aware that it is bad, but just do not want to loose that delicious dreamy equity number, which I really had lost long time ago.
Unrealized loss/profit is as real as accomplished p/l.
This illusion has sting me several times.
94939Locate someone with experience in Options..recalculate just how much lots you have in your open positions then hedge with Options in ratio 1 lot: 1 option..those options where more cheaper back when the strike prices where at the levels you opened your own trades. .
There are lots of true ways to market. . .what you did (going long and short concurrently in 1 pair) isn't hedging but standing locking
94939Yes is true you have that loss locked.
Currently... 10% equity, it's really short... although with a 50% return a Month (return over equity), it is going to take about 6 Months to get that account on target.
It is nearly impossible...
needs to have a strategy with solutions, price could go either way, the strategy must be solid.
My advice to you: get someone who understands, how to manage hedging positions. Someone who is effective. Consider the way to pay for that miracle.
I expect you could get out of this nightmare. Best of fortune.