I'm looking to hedge my long... that way ill never take a loss. I'll explain this further below.
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As you know I'm looking for a swing long. But because its very risky as I can take a quick loss because price is very bearish, I found an opportunity to sell into that buy. I took partials on that sell meaning i made money and left half of the position running.
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If price comes back to breakeven its cool because i made money already / If price triggers our long and takes us out that's cool because we already selling which means we make money also / if price triggers our long and moves up its also cool because our sell will close at breakeven.
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THAT MEANS WHAT EVER PRICE DOES WE WILL NEVER TAKE A LOSS BECAUSE WE WILL ALWAYS MAKE MONEY AT THE SAME TIME. Lets see what happens!
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It is Friday and market has slowed down I don't think taking a Long for a swing makes any sense but we are still in this shorts.
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Beautiful Our short gained around +4% and our lost -1%. Both Positions closed!