Reverse position to a given quantity  [SOLVED]

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maxmax68
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Reverse position to a given quantity

Postby maxmax68 » 31 Jan 2016

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

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TJ
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Re: Reverse position to a given quantity

Postby TJ » 31 Jan 2016

Hello,

Suppose you are long 3 contracts and want to reverse the position to 2 contracts.

::
Thank You
Massimo
Please be VERY specific.

Do you mean:

long 3 contracts and want to reverse the position to SHORT 2 contracts.

maxmax68
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Re: Reverse position to a given quantity

Postby maxmax68 » 31 Jan 2016

Yes, exactly TJ.

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TJ
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Re: Reverse position to a given quantity

Postby TJ » 31 Jan 2016

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

maxmax68
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Re: Reverse position to a given quantity  [SOLVED]

Postby maxmax68 » 31 Jan 2016

Thank you TJ.
I suppose it is the same if we are short 2 contracts.
To reverse to 1 long we should use buy 1 contract.

Best Regards
Massimo


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