That's exactly what I did, I don't use TP or SL when I hedge, I know I can't lose anything asides the spread amount which is usually negligible. When I see the trade moving comfortably in the opposite direction, I can manually stop the other side of the trade so I stop losing money while the profit runs up! Setting SL can kill any side of the hedge cos we all know that the market reverses FAST in mysterious ways before you can click anything. Second thing I do is to open multiple positions in the direction the trade went That way, even if I my SL is running in the negative of -10 maybe , my TP will be running in positive of +25

@@wakawaka_comedian wow, I’ve never thought of not using SL OR TP, I’ll try this. I grew a demo acc by 25% in 2 or 3 weeks but then lost all my profits most likely due to overtrading or overthinking. I’ll try your approach.🫡

@@wakawaka_comedian But how do you know when/ where you want to enter your trades? Do you use support & resistance?

@@wakawaka_comedian I just tried it and it doesn’t work. I’m in one long and one short on the same pair with no stop loss or tp. One is in 160 usd loss and the other 40 usd profit. It doesn’t work apparently

@@captainjohansson5019 Yes I do. But the thing is, trends change all the time. And no matter how experienced of a trader you are, if you think the market will go up and you want to initiate a buy order, DON'T initiate the order at the current market price. Initiate it at a lower point. And create multiple layers below that pending buy order just incase. The market will always dip before it rises. But beneath all those buy orders you initiated, you have to put a sell stop with a lot size equals to or greater than the addition of the other lot sizes of the buy orders that may have already been smashed, just incase the market goes against you like it has a vendetta. That way, you can't get liquidated. And when you see the market go far enough in the opposite direction, you can close some of the losses on those buy orders you made up there so that the sell stop order can run into more profit and your loss will be minimized if any.

You can profit on both directions… you don’t like profits?!?!

especially synthetics that one is utter gambling

Thanks buddy

Hi mate, so it kind of depends how you trade, I’m a day trader / swing trader, I’ll aim for 30 - 100+ pips per trade depending on what the chart tells me. Say my TP is 30 pips for one specific trade, instead of full tp’ing at 30 pips, close 90% of it for example then leave that 10% running without a take profit, this is your runner. You then wait for a sell setup which fits your strategy, and you use this running position to take the sell, this sell setup could be another 200 pips away, so just think how much your little runner would of built up, you can essentially take this sell risk free now because you have that runner

Hedge Using the same currency by trading crypto on bybit derivatives futures

Well this is an example for already being in the trade. I only use pending orders, Instead of closing your position fully at your take profit, leave 10% on without a TP to compound for a countertrade in the future is what I’m trying to get across 👊🏽

Damn nice job mate! Some big moves today! Get those bags 💰

@@tradingcold4463 i am buying silver coins like crazy bro is free tax when you sell them gold and silver are money what we make is a currency, not money, if you holding cash you just lose value

@@tradingcold4463 bro today made 15 k on gbpchf crazy move risk 5k 3to1 i am up 12k on the 200k acccount i feel like big banks

👊🏽👊🏽

Thanks brother! Link up in summer 👊🏽

@@tradingcold4463 bro wish account do you have ??

300 bro

@@tradingcold4463 I have 200k happy you got it back

Good stuff man! Get another 200 👊🏽

Yeah you still can, but why not leave just 10% open without a TP to let compound overtime? You can use that little runner then to take a counter trade if one arises. Very powerful technique. Try it

Thank you bud! Not sure what I’m doing with these shorts just winging it for now hahah! Appreciate the comment mate

Thanks brother! Yeah man! Doing all well, how’s it your end?

Start from the basic on KZbin

Yeah start with KZbin mate, be careful though. There’s a lot of bs out there.

@@tradingcold4463 he will have to go through the bullshit because he can’t know what is good or BS unless he got help from experts that is what happened to me

Damn well done mate! Yeah NFP really shook things up haha!

@@tradingcold4463 bro big banks are dirty me and you are competing with guys that have super computers spending ten of millions of dollars on the best software they pumping in orders hundreds of millions of dollars moving the market from side to side , me and you are small fish 🐠 trying to figure out wish way they want to move the mark to we basically trying to guess what they trying to do , I have seen how big banks trade I have seen some people retail trader like us won against big banks but ends up in prison for market manipulation just because he is small but big banks do it all the time

@@tradingcold4463 bro this summer we will definitely link up my family lives in Birmingham, stay safe I think 🤔 covid 19 is coming back they want to vaccinate everyone crazy lockdown is coming good night

Appreciate you bro hope you’re good!

@@tradingcold4463 I am doing well bro Norway 🇳🇴 is calm country and very safe but expensive, can’t wait to move to a hot country with 0 tax because i ain’t paying 40% tax while Amazon making billions and paying 0 😂😂 there is no wealthy people that pay big tax

It's not every time you can do a hedge. I'm only able to hedge about 10% of the time.