Posted by kingpin777 on 11th of Aug 2011 at 06:41 pm
I hedged 50% of my position today with a double short etf
(canadian version, hsd.to).
If we get some weakness tomorrow i'm reasonably covered (or a
wave 5 down).
With the bounce off 1200, my loss was cut in half (i went off
the reservation and delayed entries 1 & 2) and i'm comfortable
holding for a larger bounce.
We'll see how it plays out.
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I hedged 50% of my
New SPY system stop loss rules, etc
Posted by kingpin777 on 11th of Aug 2011 at 06:41 pm
I hedged 50% of my position today with a double short etf (canadian version, hsd.to).
If we get some weakness tomorrow i'm reasonably covered (or a wave 5 down).
With the bounce off 1200, my loss was cut in half (i went off the reservation and delayed entries 1 & 2) and i'm comfortable holding for a larger bounce.
We'll see how it plays out.