Alternative for stoploss always getting hit.
Anyone's trading where stoploss often got hit before your setup rally to your desired target profit? Well, hedging is the best alternative for me. Share your thoughts.
I’ve faced that situation many times- —where the stop-loss gets hit, only for the price to reverse and hit the original target. What assets do you consider for hedging against Gold?
Gold has been hyping up these days and recently just made a correction. My strategy does not trade on single pair or commodity but on triple pairs hedging those three and is diversified. If I were to trade gold I would put a direct hedge on it and if it would hit my hedge, I rather diversify those losses to some other assets and make my way there.
That’s an interesting approach using triple pairs for hedging sounds like a smart way to manage risk while staying diversified. Do you usually pick correlated pairs for that setup, or do you mix them across different categories (like one commodity, one major pair, and one exotic)? Also, when you say you'd diversify the losses after a hedge gets triggered; do you mean reallocating to other assets in real-time, or is it more of a planned rotation?
Better be safe with your investment by picking correlated pairs. I hedge in various methods and once current loss gets beyond my appetite, it would be better to spread the loss. If you have been struggling with your stoploss always getting hit, removed your stoploss and use hedging.
Been there — getting stopped out all the time is super frustrating What helped me was giving trades more breathing room and reducing position size instead of skipping stop losses.Also, I started using Gerchik & Co’s risk manager tool — it locks losses automatically without relying on tight SLs.Feels safer and helps me stay in control.
