I tried something new (for me) today that worked out really well. I was long two stocks as the naz headed into resistance and started to turn down. My stocks turned with it (one of them has a beta of close to 3, so it really turned!). I shorted the QQQ and rode it all the way down to support were I covered. This allowed me to stay in my positions without getting stopped out. Anyone else use the QQQ as a way to hedge their positions? What are your strategies?