Disliked{quote} Yeah but the problem I have with hedging is the same as it always was - when/which trades do you close. Do you trim the losers or the winners. for instance if I had 10 trades long and 10 short in about equal profit vs drawdown - which ones do I close first. If I book the profit I risk the others going into worse dd. If I close the losers I risk losing the profit. My gut tells me to close the winners but the risk there is that the dd just gets bigger. If the market was predictable and with hindsight it's easy - you just close all the winners...Ignored
1. Losing positions
2. Positions that have a lower chance to survive the current trend (most likely added stack positions from his initial surviving positions)
3. Initial position that survived the trend and over 1000pips in size but a possible monthly reversal is happening based on his focal interpretation