Martingale rules, high win rate, etc. etc., until that one day when you take a catastrophic loss. Can options be used to hedge against this risk? So it's like "oh no, I hit the maximum allowable loss, I just lost [huge percentage] of my account. But it's ok because it was offset by these options..."????? And my thinking is that, if your martingale RTM strategy exits for a profit after one of the first few levels, the options won't have changed much in value anyway so when you close that position it won't really take away from your gains. But when you get taken out because you've set a finite limit to your martingaling, then the options come into play and save your ass so instead of losing a huge chunk of your account (or your entire account,) you've only lost a much smaller amount. Discuss.