HEDGING WITH ILLUSTRATION THREAD :
I was sure that it was gonna dump however I wasn’t sure how far it’s gonna bounce before dump . So I opened two positions (1/1)
I was sure that it was gonna dump however I wasn’t sure how far it’s gonna bounce before dump . So I opened two positions (1/1)
A long and a short with $10,000 and kept it on until it pumped above bullish OB or until it lost support (1/2)
As you can see it lost support at the green arrow in the chart , so I closed long with a loss and kept the short running . (1/3)
And closed the short at my target which was the end of a harmonic pattern (1/4)
I typically hedge when I’m unsure of the direction / at support or resistance where it could go either way (1/5) Hope you understand this well with a real illustration
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