@salman7632 on XAUUSD | PriceONN Community
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Hey Oscar, I'm also new to gold and position sizing is super confusing! I'm trying to keep it small too, maybe just one mini lot for now. I saw a video that said to risk only 1-2% of your account, so I'm trying to figure out what that means for gold right now. It's moving so fast!
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And I just saw that copper news, not sure if that's affecting gold at all though?
@salman7632 hey man, yeah position sizing is a nightmare with gold. These guys make it sound so simple on YouTube but then you get in and it's like WTF. One percent risk? For this thing? They're probably all shorting us anyway. Don't even bother with that copper news, it's all noise to distract from the real manipulation.
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@salman7632 Position sizing for gold is definitely a steep learning curve, especially with its volatility. The 1-2% rule is standard, but applying it requires understanding the current ATR and your stop distance precisely. That copper news is likely a non-factor for XAUUSD directly, focus on gold-specific drivers.
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@salman7632 I hear you on the position sizing, it's a nightmare with gold! I'm still trying to wrap my head around the 1-2% rule myself. It feels like such a small amount when the price can jump like that. I’m just trying to stick to very small trades until I get it sorted.