Hello,
Suppose you are long 3 contracts and want to reverse the position to 2 contracts.
What is the correct method ?
Sell 3 contracts + sellshort 2 contracts one after the other in same candle
Or
Sellshort 2 contracts
Or
Other ???
Thank You
Massimo
Reverse position to a given quantity [SOLVED]
- TJ
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Re: Reverse position to a given quantity
Please be VERY specific.Hello,
Suppose you are long 3 contracts and want to reverse the position to 2 contracts.
::
Thank You
Massimo
Do you mean:
long 3 contracts and want to reverse the position to SHORT 2 contracts.
- TJ
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Re: Reverse position to a given quantity
When you are reversing positions,
SELLSHORT will net out your LONG and initiate the exact number of SHORT you want.
eg.
Position: LONG 1 contract
Instruction: SELLSHORT 1 contract
Result: MultiCharts will automatically liquidate your 1 LONG position and initiate 1 SHORT contract
Position: LONG 2 contract
Instruction: SELLSHORT 3 contract
Result: MultiCharts will automatically liquidate ALL your LONG positions and initiate 3 SHORT contracts
Position: LONG 3 contract
Instruction: SELLSHORT 2 contract
Result: MultiCharts will automatically liquidate ALL your LONG positions and initiate 2 SHORT contracts
SELLSHORT will net out your LONG and initiate the exact number of SHORT you want.
eg.
Position: LONG 1 contract
Instruction: SELLSHORT 1 contract
Result: MultiCharts will automatically liquidate your 1 LONG position and initiate 1 SHORT contract
Position: LONG 2 contract
Instruction: SELLSHORT 3 contract
Result: MultiCharts will automatically liquidate ALL your LONG positions and initiate 3 SHORT contracts
Position: LONG 3 contract
Instruction: SELLSHORT 2 contract
Result: MultiCharts will automatically liquidate ALL your LONG positions and initiate 2 SHORT contracts