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How To Hedge
Most brokers do not allow hedging. For example, first open a long trade of 100,000 units, and then open a short trade of 70,000 units. With hedging not allowed you get this result:
- Long - 30,000 units
- Short - no open trade
Opening a short trade of 70,000 units in this case has the same effect of selling off 70,000 of our long units. However with hedging you get this result:
- Long - 100,000 units
- Short - 70,000 units
Hedging keeps long and short trades separate, which is how ATM likes it. If ATM opens a trade of 100,000 units, it expects to close a trade of 100,000 units. In the first example ATM would think it has 2 trades open - 1 long one for 100,000 units, and 1 short one for 70,000 units. But at the broker the reality is that there is just 1 long trade of 30,000 units.
So, how to hedge with a broker that doesn't allow hedging? Open two accounts. In account #1 you do all your long trades, and in account #2 you do all your short trades.
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