We got this message from a person. What is your opinion about hedging your positions? 😈
I think it is useful & I do it all the time 👍
I think it is dangerous and needs a lot of knowledge & experience 💯
I don't know about it and like to learn more 🔥
Algorithms & machines have the ability to hedge trades without falling into emotional traps & human errors.
As most traders eventually liquidate their accounts with careless behavior, we suggest you to stick to a solid game plan & following it with proper risk management
Now what does it mean? 🧐
When you take a trade, you should calculate how much you will lose if your Stoploss is hit. Once you can agree to lose that much money, you are ready to open a trade. And when market does not go into your favorite direction, you should just accept the loss & walk away before that small loss keeps becoming bigger & bigger .
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