Hi guys,
I bought nagarjuna future with margin money (2 lots) half way through the market crash @ 61.00. Obviously you know the rates now.
Since the expiry nearing i must sell to lose my capital and also have to pay more to the broker on top of it.
Is there a way to transfer this contract from Jan to Feb expecting a raise in next month? Does this mean that Jan contract will be sold and feb buy? I beleive i cannot do this since as soon as i sell i will have to pay the broker some amount and i cannot expect him to allow me to buy again.
Any help would be appreciated for this poor trader.
I bought nagarjuna future with margin money (2 lots) half way through the market crash @ 61.00. Obviously you know the rates now.
Since the expiry nearing i must sell to lose my capital and also have to pay more to the broker on top of it.
Is there a way to transfer this contract from Jan to Feb expecting a raise in next month? Does this mean that Jan contract will be sold and feb buy? I beleive i cannot do this since as soon as i sell i will have to pay the broker some amount and i cannot expect him to allow me to buy again.
Any help would be appreciated for this poor trader.