I have a question about turning losing tradings into breakeven trades
...Lets say I want to go long and instead of using a stop loss I use a hedge position (in this case a short position). If price hits my hedge position then my negative PNL would be the size between the long and short position.
Would not be possible with Just another long and short position (DCA) to achieve that long and short position have the same entry price? so the negative PNL would be O?
I have not found a platform or exchange that has a double position like that, what you say is indeed pretty good and logical because we have a double position between Long and Short on the same coin, it is a definite choice I have taken, but I have not found it, which is there to this day if we have put up a short position but the market continues to show the increase and we take the long at that time then our position will all change to Long and one solid with the previous position and calculated with the average purchase of the short and long position , so even before if we choose Long early and want to take a short position.