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In today's episode of *Engineering the Trade*, host Jermal Chandler and guest Gus Downing discussed their market positions amid a market pullback, emphasizing long Delta exposure and their strategies for managing risk. Both noted that instead of hedging, reducing long positions can be more effective. They highlighted the psychological benefits of having some green trades amid losses. The conversation also touched on VIX trends and potential market movements as they anticipate a bounce back, with a focus on confirming a market bottom before further positioning.
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