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Napanee, Ontario | That was a great post.
"If you are going to use options to hedge. Always use options to hedge."
I think far too often, guys who are in a loss, or small profit, don't hedge. They only hedge when there is enough profit on the table to do so. This is akin to selling your winners, and letting you loser ride - the exact opposite of what you should be doing. It dramatically limits profitability over the long term. If you are going to hedge gains, be prepared to hedge in losses too. Consistency is key. | |
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