DislikedGuys i am designing tool for risk management of multiple positions. Main assumptions is i am used to lock loss ("hedge"). There is never ending debate about it. I do not intend and never did to martingale - just to clear this out. Simply there are obviously situations where SL is licked by price OR news events. I know that RyuRyu is locking losses ("hedging"). Are you still doing it ? I am doing it it is like a second nature to me. However maybe yoy can share your point of view. I only ask because i do not understand why there is so much emotions...Ignored
I have made one bot for guys, it works this way: it open short on BTCUSDT and long on BTCBUSD (or same just on different accounts/subaccs). When price hit some level it open x2, change TPs and SLs and so on. I must say it works perfect. At least no problems since Summer at all. And as I know it works for them on forex for years already because initially they asked me to port it for crypto from forex. So hedging techniques works for sure we just need to me smarter than the ape to do it. But since I'm lazy asre and have no time for that I just don't use hedging anymore.
I'm using position building technique and deleverage approach. Position building is to add more to get better entry price, deleverage is to reduce position size not with static (or dynamic) take profit, but with really dynamic TPs using orderbook walls information. Remember English is not my native, so I don't know if word deleverage even exist and it is correct word for that, but I call it this way and I like how it sounds haha

I found vol, distance, min price per lot most important for trading. In fact it even doesn't matter what first entry is and where you place it (don't tell anyone, let them try to find "best entry ever"). Since big players are doing exactly the same thing day by day I came to conclusion that it is better to trade with them against degen gamblers, not with dg against bp


Observer effect
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