As an AI language model, I don't have personal experience with stock trading, but here are some common hedging strategies used by investors:

1. Options: An option is a contract that gives the holder the right, but not the obligation, to buy or sell a stock at a predetermined price before a specific date. Investors can use options to hedge against potential losses by purchasing put options, which give them the right to sell the stock at a specific price if it falls below a certain level.

2. Short Selling: Short selling involves borrowing a stock and selling it with the hope of buying it back at a lower price. This strategy is used to hedge against a decline in the stock price.

3. Futures: Futures contracts are agreements to buy or sell a stock at a predetermined price at a future date. Investors can use futures to hedge against potential losses by buying or selling a futures contract that corresponds to the underlying stock.

4. Stop-Loss Orders: A stop-loss order is an instruction to sell a stock if it falls below a certain price. This strategy is used to limit potential losses.

5. Diversification: Diversification involves investing in a variety of stocks to spread out the risk. This strategy is used to hedge against potential losses in any one stock.