There's this joke in trading: "You can't make money hedging." Of course, not losing $1 is the same as making $1. So to answer your question, you don't make mone

There's this joke in trading: "You can't make money hedging." Of course, not losing $1 is the same as making $1. So to answer your question, you don't make money hedging, instead you prevent yourself from losing it. Hedging is to lock in gains you've already made. When people say "always hedge", what they really mean is be diversified.