I have 2 positions on gold:
- Short term where I entered very close to stop
- Long term with a wider stop but not that wide
In the short term gold has really gone. I'll cut to the chase now I am trailing it with a $20 stop.
The price is going vertically, and often once it retraces it can retrace hard.
Maybe my $20 stop is too wide and I will give back profit.
I already have a long term hold so I don't need to tighten my grip on this.
"Last time"
The vertical price can see a major correction, but often this does not happen "instantly", here are some examples:
I am sure it can drop like a rock but usually, very often, it does not, so there is no reason to "panic" and be a profit snatcher.
And even if it does, in my personal case I bought $5 from the bottom (and posted to do so $6 away) at worst I'll give back 1/3 to 38% of my profit, not the end of the world.
When I'll buy more would be on another major pullback, I'll enter with a stop of maybe $50 and trail with $100, 50 being somewhere between the current (high) and past few years (low) weekly ATR.
Just going to be attentive and check on the price often!
- Short term where I entered very close to stop
- Long term with a wider stop but not that wide
In the short term gold has really gone. I'll cut to the chase now I am trailing it with a $20 stop.
The price is going vertically, and often once it retraces it can retrace hard.
Maybe my $20 stop is too wide and I will give back profit.
I already have a long term hold so I don't need to tighten my grip on this.
"Last time"
The vertical price can see a major correction, but often this does not happen "instantly", here are some examples:
I am sure it can drop like a rock but usually, very often, it does not, so there is no reason to "panic" and be a profit snatcher.
And even if it does, in my personal case I bought $5 from the bottom (and posted to do so $6 away) at worst I'll give back 1/3 to 38% of my profit, not the end of the world.
When I'll buy more would be on another major pullback, I'll enter with a stop of maybe $50 and trail with $100, 50 being somewhere between the current (high) and past few years (low) weekly ATR.
Just going to be attentive and check on the price often!
노트
Price is basically in a range as expectedIt often goes lower
Could also be a rising wedge
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Join me on Telegram: 💲💲💲 t.me/MrRenevGambling
TradingView referral link:
tradingview.com/gopro/?share_your_love=MrRenev
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tradingview.com/gopro/?share_your_love=MrRenev
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.