here it goes, have 4 positions 2 short two long open with two different commodities of oil,keept it overnight and today took hefty profit from longs,and added same long positions again,now i came to realize that the gap has widened a lot since i did that.
Also trouble is that crude oil stays open 24/7 while brent stops trading for couple h every night,and this results in unpredictable movement where long position can move in either direction while other stands still and cant correlate ?
since gap is over nearly 150pips it even hard to scalp as it cuts into margin.
Any advice how one should get out of such situation.
I considered i could close 1 short to create more margin,as im at the brink-but again dont want to gamble on the future,coverings positions.
also thought about scalping and reducing negative lots with profits 1 by one but its a lot of work calculating tp/sl since broker platform doesnt allow closing single units,only another buy closes it.
since i know hedging doesnt work out well in many cases.
any input is appreciated.
Also trouble is that crude oil stays open 24/7 while brent stops trading for couple h every night,and this results in unpredictable movement where long position can move in either direction while other stands still and cant correlate ?
since gap is over nearly 150pips it even hard to scalp as it cuts into margin.
Any advice how one should get out of such situation.
I considered i could close 1 short to create more margin,as im at the brink-but again dont want to gamble on the future,coverings positions.
also thought about scalping and reducing negative lots with profits 1 by one but its a lot of work calculating tp/sl since broker platform doesnt allow closing single units,only another buy closes it.
since i know hedging doesnt work out well in many cases.
any input is appreciated.