stop loss or hedging, which is a better risk management method?

If my account equity is high i might try hedging but if my account equity is low i prefer to just set a stop loss. This is because hedging can take a toll on your free margin and in the end, you could get stopped out and incur more losses.

For me hedging is better done by professional traders using automated strategies & holding their trades over a long period of time.

Hedging done manually can easily backfire because you need to constantly monitor the positions and "trim the hedge" where needed. Hedging can also increase your trading fees if you don't do it expertly. For these reasons, I am in favor of using the stop loss.

hedging is too difficult to manage for me; I like to set a trade and go to sleep instead of continuously monitoring a hedge. besides i think hedging can encourage one not to accept losses and to try to engage in risk-free trading. This can be counterproductive in the long run.