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The whole point is drastic issues call for drastic measures though right?
So the key is the hedge should offset most if not all of of a move that went against you. Does anyone else have any other ideas or thoughts on how to hedge? |
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MC - the BEST and EASIEST way to 'hedge' is to find a platform and broker that work in situations like this.
The next step is to have a backup stock/options online account where you can quickly and easily buy/sell the corresponding index ETF or ETF option.
Now, the time that it takes to log into your online account, find what you need and place the trade will take longer than just calling your futures broker and telling them to flatten your position if you have a broker that answers the phone quickly.
So my suggestion is to not waste time having a 'oh sh*t' plan and find a broker(s) that are reliable and accessible.