I am interested in trading the YM and the ES. I am not wanting to pursue a scalping strategy, but rather a larger longer term move at market pivot points (market trend reversal and continuation points). I am considering using a 10% stop loss at entry points. For this position (or potentially with a larger stop loss) I would like to hedge my position in the event the market moves against it. Any suggestions as to what I may want to consider doing in order to hedge my trade is most greatly appreciated.