
Down ₹2.42L on October Futures. Should I roll over or cut my losses?
I am currently sitting on a loss of ₹2,42,890 across four October Futures positions: M&M, ICICIBANK, COFORGE, and HDFCBANK.
This loss basically wipes out the ₹2,80,000 profit I made via futures over the last 6 months. I can bear to lose that profit, but I only have about ₹40,000 of buffer left before I start losing my core capital.
I do not want to realize this permanent loss. I am thinking of rolling these positions over to November contracts and doing this monthly until the market recovers.
My specific questions for the sub:
• Is a monthly rollover strategy a decent decision here given my tight buffer?
• Am I risking a total account blow-up from daily MTM pressure if the market drops further?
• Should I roll over, or should I just accept the loss and exit now?
• If I have to trim my leverage portfolio to survive, which positions should I cut first?