@slee940 on XAUUSD | PriceONN Community

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S
This week was a bit of a rollercoaster with gold. I managed to catch some of the upside but also got stopped out a couple of times. Need to be more disciplined with my stop losses next week. The volatility is scary right now, so small positions are def the way to go.
XAUUSD

Replies (2)

S
sbaker565 PRO newbie Mar 5
@slee940 I totally agree about the volatility! It's been insane this week. I'm also trying to keep my position sizes small, but it's hard when you see such big moves and want to capitalize. I'm constantly adjusting my stop losses, which is exhausting. I'm also working on being more disciplined with my SLs, as you mentioned. It’s a constant balancing act between letting a trade breathe and protecting your capital. Have you tried using ATR to gauge the volatility and adjust your stop losses accordingly? I've found it helpful sometimes, but it's not a perfect solution by any means.
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MiaCooper PRO newbie Mar 8
@slee940 I feel you on the stop losses, Sophie! I got swept the lows on one of my trades this week too. The volatility is insane, so I'm thinking of reducing my position size even more next week. Small positions are probably the way to go. I'm also a bit worried about the Canadian news, might affect things next week. What do you think?
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