Hedging is better.Stop loss is the cousin of averaging down....

Hedging is better.
Stop loss is the cousin of averaging down. Once you stop out, the market will move in the direction you originally called. You'll never get it right consistantly, and the market will always fake you out.

If you take a long position and the market goes down, better to short sell as well. Then at least your still in the market when it moves overnite. Add to the position each day, or as price moves dictate. Build up the position over time.This is how the pros do it.

With hedged postions you will sleep better, and wont be losing to commission slipage all the time. Be satisifed with a smaller continuous profit.