Hi, looking for genuine advice. I’m a retail trader, not very experienced, and I’m stuck in two short CFD positions on Crude Oil Spot on Capital.com that have gone heavily against me.
Positions:
• Short 100 units, entry 82.011, current 99.474, loss AED 6,411
• Short 100 units, entry 83.010, current 99.474, loss AED 6,044
TP set at 500 on each. Total loss currently around AED 12,456.
Background: These positions were entered a few days ago based on analysis that oil would drop. Oil has moved significantly against me instead.
My constraint: I do not have unlimited funds to maintain margin. If oil keeps rising I may face a margin call.
My question: Is there any realistic technical or fundamental case for oil reversing downward from here? Or is cutting losses now the more prudent move given my margin limitations?
Any honest advice appreciated. Thank you.
u/MentalWind3273 — 11 days ago