Two years ago, I was loosing money on a short GU position. I did not close fast enough and it went against me. I thought, it will go my way again but it did not. So I hedged myself to "FREEZE" the loss.
Indecision. I was tired and confused; should I close or what? THINK THINK THINK. OK Hedge and think about it later.
After a sleep and realizing the frozen -50% of my account later. I came to my senses and CLOSED BOTH!
Brokers offer this feature so, instead of you closing a position, they actually got you to open another one! Broker end up with x2 spread profit! very clever.
Indecision. I was tired and confused; should I close or what? THINK THINK THINK. OK Hedge and think about it later.
After a sleep and realizing the frozen -50% of my account later. I came to my senses and CLOSED BOTH!
Brokers offer this feature so, instead of you closing a position, they actually got you to open another one! Broker end up with x2 spread profit! very clever.