the other day i got a bit of a talking to on here when i suggesting heding a losing short at 182 - i was down 1k at that stage - advice given was go learn more about trading and take the loss - well i didnt i hedged long, took some profit on way up, took a small loss too, but kept the bad short and now its 700 loss and possible down, but i come back in with long hedge if it reverses, leaving short as downward safety net if long doesnt work out
i am a newbie - no one recommended that, the only recommendation was take loss - does anyone else hedge - i agree its not the best strategy, much prefer one directional trend, but it can help save a loss and give you another swing at it it if reverses - worse problem is removing hedge then it continues but hey ho trying to save losses is better than taking them every time
id love a fall to 182 - id be out zero loss, ill hedge at 208 for long position and hold until it goes 250ish area, then hope short again
i am a newbie - no one recommended that, the only recommendation was take loss - does anyone else hedge - i agree its not the best strategy, much prefer one directional trend, but it can help save a loss and give you another swing at it it if reverses - worse problem is removing hedge then it continues but hey ho trying to save losses is better than taking them every time
id love a fall to 182 - id be out zero loss, ill hedge at 208 for long position and hold until it goes 250ish area, then hope short again