ES hedged trades , which better ?

Which is better for ES intraday trading ?

1- Directly trade ES long or short ?

2-If i want to be Long ES : I will buy ES and short one of today's laggards stocks , and vice versa if i want to be short ES ?

3- If i want to be Long ES i buy one of today's best performance stocks without buying the ES and i short one of the worst performance stocks if i want to be short the ES ?

4 - like choice number 3 but i do it with more than one stock ?

5- something else like options for example ?

Remember i am talking about intraday trading only ...

Please share your views ....
 
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