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Investing in stocks during a market downturn can feel daunting, akin to driving down a steep hill. While some investors react by selling their positions to limit losses—similar to riding the brakes in a car—this approach can incur transaction and opportunity costs, negatively impacting returns. Instead, experienced investors "shift into a lower gear" by utilizing hedging strategies, such as futures, to manage risk. While hedging can mitigate some losses during market declines, its effectiveness is influenced by various factors, and it isn't guaranteed. The tutorial will explore how to design a hedge to reduce portfolio risk effectively.