Hello men,
I've something in mind about hedging a position versus placing a stop loss because of it.
Say like I start a long position for GBPUSD and it goes against me. Now, instead of placing a stop loss and using the trade reach that SL, I start a short position once it reaches the price point.
The net loss will remain equal to this and when I start other transactions and insure that net loss I'll simply close the place and be done with it.
Plogically speaking, I think hedging the position is a better thing to do.
What do you guys think?