๐จ๐จWhen the market moves against your trade position, it's crucial to have a well-thought-out strategy to minimize losses and maximize potential profits.
Instead of closing a position at a loss, many experienced traders, like yourself, use a hedge position to offset the downturn.
By opening a hedge, you essentially protect yourself from further losses while waiting for the market to reverse in your favor.
This approach allows you to remain in the trade, giving the market time to recover, and ensures you can close the position profitably once the momentum shifts.
Patience and strategic hedging are key to transforming potential losses into winning opportunities in volatile markets. Traders who master this technique often emerge ahead, turning challenging situations into profitable trades.