Gents need advice from more expeirence traders.
I'm caught in LONG position and today is rollover on BRENT i'm trading. I can handle swap cost and deposit is enough to keep it.
Shall i wait for rebound or face the truth and kill long positions until demand is solved?
Next contract is 24.71USD and currnet price is 18USD so swap will hurt and most likely next month contract is doomed as well. I can go short to hedge but most of the time there is timing issue so its not easy to catch low and the hold bad position until it comes back to neutral. what do you advice?
thanks
I'm caught in LONG position and today is rollover on BRENT i'm trading. I can handle swap cost and deposit is enough to keep it.
Shall i wait for rebound or face the truth and kill long positions until demand is solved?
Next contract is 24.71USD and currnet price is 18USD so swap will hurt and most likely next month contract is doomed as well. I can go short to hedge but most of the time there is timing issue so its not easy to catch low and the hold bad position until it comes back to neutral. what do you advice?
thanks