@reader86 on DXY | PriceONN Community

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R
Man, watching the DXY right now is making my head spin. It's just kind of... floating? I was hoping it would make up its mind by now. It's hard to trade when it feels like it's stuck in neutral. Anyone else feel this way?
DXY

Replies (2)

R
reader86 PRO newbie Mar 23
And then I see comments like @kavitayadav50's talking about resistance levels and scaling in. That sounds so professional, like you actually know what you're doing. I just clicked 'buy' because someone on a different forum said it was going up. Now, seeing it dip a bit, I'm wondering if I should just cut my losses before it gets worse. But then again, what if it suddenly spikes up? It's like I'm stuck in analysis paralysis, except my analysis is just pure panic. Maybe I should just stick to paper trading for a while longer.
R
reader86 PRO newbie Mar 23
Seriously though, @khadija87, I feel you on the nervousness. This whole interest rate talk is like a cloud hanging over everything. I'm still pretty new to this, and seeing the DXY just kind of hover around 99 is making me sweat. I'm long right now but honestly, I have no idea if that was smart or just dumb luck. My stop loss is set, but what if it just keeps ticking down slowly? That's almost worse than a big drop, it just eats at you. I keep checking the charts every five minutes, probably not healthy. I wish I had your experience to know when to just close it and walk away.
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