DislikedAs stated in one of my re-entry post, this is completely up to your discretion. However, for my own personal tradings, the justification is because while we do have a very smart stoploss system, we have to consider that it's not perfect, which means there could be a level of consolidation in the profit zone of a breakout, and it could also house a VERY profitable move in the near future, normally consolidation periods act like a tightly coiled spring being pushed just waiting to be released and shoot off like a rocket.
The reason I do not think...Ignored
It was only when I embraced hedging as a way of controlling risk/drawdown
I realised how foolish I was not to use earlier.
For one thing, Hedging forced me to study retracements and reversals very seriously, which helped me substantially to overcome fear factor.
I realised human mind is unable to comprehend reversals so easily and that surely is the key to profitable trading.
Hedging without focusing on reversals will land you in problems. If you can't focus on retracement/reversal trading, then don't go for hedging.
In such a case go for stop-loss which is part of Risk/Reward concept where one keeps losing a few trades hoping one big profitable trade will cover all the losses as well as leave net profit at the end.
This is my live trading experience .
PLEASE EXPLORE HEDGING FROM ALL ANGLES and You are doing the right thing.