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Putting on short term discretionary hedges would make sense to me if they are good trade setups on their own, (perhaps on a smaller timeframe compared to the main trade) not just as a hedge for insurance reasons. I'm also hedged from time to time but as a result of different systems/trade setups taking an opposite direction at some point in time, not for insurance.
True about the option traders. I don't trade options tough. I like to keep things as simple as possible. My goal is to make trading as relax as possible. That's also why I try to avoid looking at the market while it's open as much as possible.
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