*** TAADualMom Update ***

Date: 2026-02-13 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-15 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-16 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-17 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-18 | Allocations: VUSTX: 0.80, TLT: 0.20

*** TAADualMom Update ***

Date: 2026-02-15 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-16 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-17 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-18 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-19 | Allocations: VUSTX: 0.80, TLT: 0.20

*** TAADualMom Update ***

Date: 2026-02-16 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-17 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-18 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-19 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-20 | Allocations: QQQ: 0.80

*** TAADualMom Update ***

Date: 2026-02-17 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-18 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-19 | Allocations: VUSTX: 0.80, TLT: 0.20
Date: 2026-02-20 | Allocations: QQQ: 0.80
Date: 2026-02-21 | Allocations: QQQ: 0.80

*** TAADualMom Update ***

Date: 2026-02-20 | Allocations: QQQ: 0.80
Date: 2026-02-22 | Allocations: QQQ: 0.80
Date: 2026-02-23 | Allocations: QQQ: 0.80
Date: 2026-02-24 | Allocations: QQQ: 0.80
Date: 2026-02-25 | Allocations: QQQ: 0.80

*** TAADualMom Update ***

Date: 2026-02-22 | Allocations: QQQ: 0.80
Date: 2026-02-23 | Allocations: QQQ: 0.80
Date: 2026-02-24 | Allocations: QQQ: 0.80
Date: 2026-02-25 | Allocations: QQQ: 0.80
Date: 2026-02-26 | Allocations: QQQ: 0.80

Hedging is often framed as risk control, but I don’t see it that way.

From a portfolio math perspective, 100% long plus 25% short is just 75% net long.

Shorting against your own long position is essentially constructing a structure that doesn’t change your net risk.

Exposure stays. Costs appear – commissions, spreads, borrow fees, dividend payments on shorts, margin costs, option premiums and time decay if leveraged instruments are used.

The only guaranteed winner is your broker.

Hedging doesn’t increase expected return. It reduces it. It is a low-probability strategy for making money.

People often mistake hedging for safety, but in practice it is frequently just “freezing losses” or “burning upside”.

Trying to “wait out” a drawdown by shorting against your own long position usually reflects either a lack of understanding of market mechanics or an inability to accept the need to realize a loss.

For retail investors, hedging almost always means creating an illusion of calm inside a troubled portfolio.

There are exceptions – banks, insurance companies, and pension funds.

High-AUM hedge funds also sometimes use hedging when a position is too large – for example, something like $AAPL inside $BRK – and must be unwound over quarters or even years.

In such cases, hedging is primarily a technical solution rather than a strategic one.

The need to hedge is either the price of scale or a risk-management mistake.

Retail doesn’t face such constraints.

If you want less exposure, simply reduce the position.

I never hedge positions or portfolio.

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“I don’t really like hedging. To me, if something needs to be hedged, you shouldn’t have a position in it.”

Stanley Druckenmiller

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