Some traders have found a lucrative approach by closely tracking notable figures' market moves and positions. The strategy? Hedge multiple outcomes simultaneously. Rather than going all-in on a single direction, they spread their capital across different scenarios. When certain bets underperform, they cut losses and reallocate to stronger positions. This systematic approach to position management—diversifying, monitoring, and rebalancing based on real-time performance—reduces overall portfolio risk while maintaining exposure to winning trades. It's a textbook risk management technique adapted for the crypto trading environment, where volatility and speed demand quick decision-making.