Anyone have two accounts and do regular hedging?

[Maxprofit$]

Quote from jackedup:

the purpose of this is to profit either way. You set your limits and stops tighter for the position in which you feel las the less chance of succeeding and vice versa. If it goes against you in one position, the other position will take up the slack and vice versa. I have tried this with mirrorring pairs and in two accounts. It helps minimize risk. Ok, the pusrpose of a straddle is to profit whether the market goes one way or another. Umm, unless you're a total idiot, this is the same principal. And those who haven't tried this technique, please do not post here as you don't know what the hell you're talking about.

You get stopped one way, you think it goes the other way, you trail your stop a little to let your position ride, oups it was a whipsaw, you get stopped both way, you're fucked up, you lose money plus pay 2 times the spread.

Happens all the time. Oh, may be i just have to put wider stop! Than your positions run for all week without being closed, and in the long run you get fucked both ways anyway.

You need to catch a trend at least 2 times bigger than your stop size. No matter what time frame you look at, trends are not the norm.

You use too much capital and get half the expected ruturn you would normaly have. Risk is not lower, and anyway lower risk would mean lower profits.

The only way to survive through wipsaws is to keep your position open and hope that the trend will resume on your good side.

 

[Schaefer]

I couldn't say about the currencies but that strategy used to be the favorite among the hedgefund managers for tax purposes. But then IRS wised up and changed the rules

 

[firstchoice]

Quote from 168:

this is very dumb .

LOL

 

[DrawDown]

Quote from sKaLpZ:

You guys... look at it this way...

The forex market is SO DEEP and VAST in liquidity that the different structures, systems, tactics and trading techniques are huge and varied.

Taking a long and short position(s) out on the same pair or a related pair to hedge, there's probably a variety of ways to play it to make profit and cut losses: And methods of trading none of us have even heard or thought of yet.

Doesn't mean anyone's right or wrong. To each his own as long has he/she can make money.

We're all pretty much trying to do the same thing: Buy/Sell or Sell/Buy a currency/pair, hold the position until goes into our favor then close the trade and take profit.

Only one thing is for sure: There will always be winners and losers.

Peace out,

sKaLpZ

Yeah?? And YOU'RE the biggest loser of all!

sKaLpZ... you make me wanna puke.

The DrawDown

 

[jerry11901]

Quote from jackedup:

Two seperate accounts and a long and short position in same pair(s) executed at the same time. Just wondering. I tried it the other day and it limited my exposure significantly and made some green. But i wanted to know if anyone out there has been doing this regularly for a period of 1-2 years and their results.

You do not need two accounts to be short and long at the same time, here you can do it on one account : http://fxsol.com/getting_started/open_an_account.asp
I do it sometimes .

 

[nitro]

Another reason for me for two accounts is to keep my brokers/firms from deciphering my strategies. Hedging is of primary importance, but the other reason(s) are often overlooked imo.

nitro

 

[firstchoice]

Quote from jerry11901:

You do not need two accounts to be short and long at the same time, here you can do it on one account : http://fxsol.com/getting_started/open_an_account.asp
I do it sometimes .

It says nowhere in there that you can go long and both at the same time with the account at the same time. You just gave a link to open an account. Why would you lie to people? what do you get out of lying? You can't go long and short both with the same account and same trade. They don't allow it. I hope nobody opens an account at that place above because you will be wasting your time. You can't go long and short at the same time with the same account on the same trade. It is agaisnt the rules. You have to open up another account with another broker.

 

[late apex]

Sure you can (do just that at FXSol). I'm guessing, you might've missed the part where jerry11901 says, "I do it sometimes."

http://www.fxsol.com/trading_platform/gts_key_features.asp#hedging

 

[jerry11901]

Quote from firstchoice:

It says nowhere in there that you can go long and both at the same time with the account at the same time. You just gave a link to open an account. Why would you lie to people? what do you get out of lying? You can't go long and short both with the same account and same trade. They don't allow it. I hope nobody opens an account at that place above because you will be wasting your time. You can't go long and short at the same time with the same account on the same trade. It is agaisnt the rules. You have to open up another account with another broker.

I am trading with FXsolution for ears that is how I know...

 

[Sir_Pirate]

and best part is that it only uses 1 lot as margin used

regards