Considering that your hitch cord only holds 1/4 of your weight on each end, is it really necessary? Working load on your cord is about 50-60 lbs. Shock loading from a fall with a 20X multiplier will still be a fraction of the cord strength. In a more severe shock loading, your internal organs...
Liquid electrical tape has been a staple in my toolbox for many years. You can get a cheap version at any auto parts store. It works great for marine electrical connections. I've never used it on rope, although I can't see how it would cause any harm.
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