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Hi all!

I am currently trading CFDs on the ASX market. I have two $5 contract (longs) as well as five $1 contract (also longs) on. Due to the current market sentiment I will need to hedge soon - putting some shorts on - to try and balance my longs out in case the market dips more. Here is my question: even though I have $5 and $1 contract on (so 2 different charts) do i have to split my shorts on those 2 charts or if I put all my shorts to hedge on the $1 chart it will automatically apply for the $5 chart as well? 

I hope I am not too confusing ...

Thanks!

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On 18/06/2022 at 21:58, EmilyD said:

Hi all!

I am currently trading CFDs on the ASX market. I have two $5 contract (longs) as well as five $1 contract (also longs) on. Due to the current market sentiment I will need to hedge soon - putting some shorts on - to try and balance my longs out in case the market dips more. Here is my question: even though I have $5 and $1 contract on (so 2 different charts) do i have to split my shorts on those 2 charts or if I put all my shorts to hedge on the $1 chart it will automatically apply for the $5 chart as well? 

I hope I am not too confusing ...

Thanks!

Hi @EmilyD,

Thank you for your post. 

You will need to open opposite trades in on same market and quantity. $5 contracts and 1$ respectively.

Make sure that you are using force open and not net off, otherwise it will close your existing position to open a new one:
image.png

More information on Force open here:
https://www.ig.com/au/glossary-trading-terms/force-open-definition#:~:text=What is force open%3F,position on the same asset.

I hope that it helps.

All the best - Arvin

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