#RocketManhedge – I’m officially retiring this experimental hashtag with good news and bad news. First the bad news…
Was out yesterday and missed my chance to roll out and down my short weekly so the hedge didn’t do any good at all…it was actually down yesterday. So today I closed the whole thing at a loss since it’s not working and is really getting me sidetracked watching other positions.
Did 4 of these in total with 3 winners and one loser but still a net loss of 28 points…
Now, the good news. With my accounts being more heavily weighted in synthetics I’ve found the big overall hedge isn’t really needed since most of these positions have the hedges already built in. It’s really been noticeable during these 2 recent selloffs we’ve had. More good news is the fact Sue mentioned TheoTrade the other day so I’ve been getting his free videos. Came across this one that I really liked and will be putting these on from now on when the market is getting to extremes. I’m also wondering if something similar would work to the long side as well…haven’t even checked and have no idea since that just crossed my mind while typing this…LOL