Help Me....IB real Estate Future

Hi

This is Pinky here. I am a newbie and don't know where to post this query. But, since it belongs to Derivatives and deals with futures I think this is the appropriate section.

I bought 2 lots of IB Real Estate today @297.03. (this is the first time I've traded in F&O...and it's already down 290...May God save me). I am little...no, actually I am very scared and frightened since, the DOW and NASDAQ is down 2-4% down and the nuclear deal hasn't generated any results as yet. The only Grey lining is, inflation is down second week running and crude trading below $110.

Now my question is...will we see a gap opening and how market will behave tomorrow? Should I book loss early morning? What should be my stop loss?

I am looking forward for the help and suggestions from fellow boarders. Kindly help me ..please.

Regards

P.S. Mods may move the thread to the appropriate section, if it doesn't fits/suits in here.

For newbies it is advisable to AVOID future with big lot size.I think it has a big lot size (650).

In short term IndiaBullRealestate has 30050 range.Once you see yourself in GREEN,better to come out of it.In case of shares generally you have LONG positions only (BUY),in futures you have short positions also (SELL).Never buy shares/futures assuming something, just follow the TREND.