@chloeevans on GBPUSD | PriceONN Community
C
Just moved my stop to breakeven on my short GBPUSD position. Don't want to give back any profits if this thing decides to reverse unexpectedly.
Replies
Hey Chloe, good call on moving your stop to breakeven. I always say it’s better to lock in some profit than give it all back. I saw Cable push up a bit more today, actually broke through that 1.3360 resistance level I was watching. If you're still in that short, I'd be watching closely now. Could be some inducement happening just above that level to shake out shorts before a bigger move. NFA, of course, but just my two cents.
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Hi @nhill378, good job moving your stop! I wish I had done that. I'm in a short position too, but I got in way too late, like when it was already near 1.34. Now it's going up and my loss is just getting bigger. I don't understand what's happening. The news about oil prices and the dollar feels like it should make it go down, but it's just climbing. Should I just cut my losses now? I’m so scared of being a bag holder here. This is my first time trading this pair and it’s way more intense than I thought.