Short Position FO Andhra Bank

Hi
I have sold 1 lot in FO on Friday 12th february in Andhra bank at 42.10 and its today's closing is around 46.50. So I m loss of around 40000/- can any one guide what should I do ?

 

You shorted Future or Option ? but my question is what is the base for your short ? and where to fix stop loss ? and what is the risk and reward ratio for your trade ?
in my view base less trades leads to heavy lose ....
if you have full knowledge in F&O do trading in Futures and Options otherwise trade in equities segment only

in market yesterdays Bear market relief rally eat all capital ...

for Traders or Investors " Stop loss " is " Oxygen " .....with out stop loss trading capital evaporate , with out oxygen man will .....

capital protection is primary duty for a trader or investor .....
There is no capital no Trading in future .....

 

I was thinking same point. How you can have open short over weekend and also without stop? Danger situation and playing with fire. Take in positive spirit and as tution fee for lesson. If you learn lesson properly you can recover loss and make big gain.

 

Very imp advice for everyone

 

@ Suraj ji ,
Dont worry , If you miss train there is no problem sir, If you enter into wrong train there is problem ,
what srouta ji says is 100 % true , but my word is it is not tution fees , it is penalty ....
first save your capital , dont imagine it is a war until death fight continue , every day war means one day dash dash ..... , so emotion less trading or investment is required , your loss creating pain in my heart , so i am writing hard words sir , i am sorry , it is a irreparable damage and now you are waiting or depend on luck factor .... not trade strategy .....

first plan for survival in the market ...and save some capital ..... accept some loss ....
after that think cool and if you are not having full fledged trading strategy ....please dont do F& O

ALL THE BEST

 

i think only way is to
1. wait to get better buying price
2. book loss
now andhra bank is at 45.8 (better than 46.5 you mentioned)
but waiting game increase risks manifold, so better book losses.