# Black swan resilience

**URL:** <https://forums.collective2.com/t/black-swan-resilience/11039>\
**Category:** C2\
**Created:** [October 17, 2017, 9:18am UTC](https://forums.collective2.com/t/black-swan-resilience/11039 "2017-10-17T09:18:37Z")\
**Posts on this page:** 1\
**Showing post:** 22

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**Author:** ![TradePRO](https://avatars.discourse-cdn.com/v4/letter/t/a183cd/32.png) [@TradePRO](https://forums.collective2.com/u/TradePRO)\
**Post date:** [October 19, 2017, 5:20pm UTC](https://forums.collective2.com/t/black-swan-resilience/11039/22 "2017-10-19T17:20:43Z")

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> [@Quantastic](#):
>
> Against rocket man gold will help while in the flash crash on august 2015 gold havent moved and gold miners have gone down.
> 
> So there can be huge differences on all different type of events.

Anything like this is not professional. The trades need to be synthetically hedged. Options do not do the trick, and if you hedge with options into every close, the hedge costs too much due to spread costs. It has to be synthetically hedged into the close with cash, or overinght with futures. Needless to say, the only program i synthetically hedged 100% yesterday was my volatility program - which is why there was no DD and we are up very slightly.

also rocket man could indeed do this if it occurs after hours, which it would probably do.

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