More applicable with margin loans when a large move can take out a chunk of your account. It's just a hedge, a certain percent of your account is a hedged position to minimise damage in a substantial drop. Its nothing that unusual. Others prefer to raise stops although that wont help if the dow opens a couple of hundred points below 10000
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- still just over 2.5m short.
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hardman resources limited
More applicable with margin loans when a large move can take out...
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