I have just joined and need some answers if available.
Assume I " go short " with a mini Dow future contract and during the day the trade goes against me more than 1 percent.If I have given instructions to the broker to get me out at that point,say it is 2 pm,various questions arise.
1.Do I " go long " at 2.01 ?
2. If I don,t close the trade, the loss at the close could be far worse, so what does the 1 percent mean to me?
3.If I get out of the trade,do I then get back in at the close,following the next signals direction?
