How does your hedging strategy work?

I’d like to know more about your hedging strategy.  How does it work?

A. The hedging strategy gets a lot of attention but from my point of view it’s such a small part of my system.  It is also one of the aspects which demands a very individual approach – mainly in terms of the person managing the trade but also because the scenarios differ with every trade.  Remember, 99% of my trades don’t get to this point.