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Hedging to balance losing trade


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Hedging to balance losing trade

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Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
 
Posts: 598 since Nov 2009
Thanks: 176 given, 120 received

can someone help and explain how to do Hedging to save or breakeven a losing trade.
I had loss this morning, but was very lucky and saved all loss due to opening gap, but just thought would have done hedging by entering a trade in counter trend direction so it will equal out though not profit. I hear people do this during choppy session like this morning.

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