I've been wondering about a better hedge against an adverse equity move beside the amateur long one/short next idea in NQ (or anything else, like CL) because it's just an example of trying to pick a top or bottom but with the added benefit of being right 100% of the time on one leg, and 100% on the other. Close the right leg at the right time, and let the other leg recover. While I am getting more comfortable with it now, I am thinking it would simply be better to take a more nuanced hedge of say, long NQ and long VIX. Has anyone out there explored this strategy and used it to fruition? Note: This is for long-term swings, not day-trading.