Strategy to Reduce the Short Loss?

Alchemist

Administrator
Staff member
#2
The best strategy to minimize a loss is to keep a stop-loss.

Did you have a stop-loss level in mind when you shorted the futures?

Next best strategy is to close the position when the stock corrects to a support level.

Right now, I don't have any charting software with me and so can't comment on the technical outlook of the stock.

Unfortunately for you, SBI is in a smooth uptrend and a significant correction may not happen for some time. Maybe you should just close the position.
 
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