@rarewind on GBPUSD | PriceONN Community

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rarewind PRO newbie
GBPUSD Mar 26
Honestly, I'm more worried about my risk management than anything else right now. This whole geopolitical thing with the oil prices shooting up and the RBA potentially hiking again is making me nervous about my positions overnight. I've always tried to stick to the rule of not risking more than 1% per trade, but sometimes, when I see a big move like this, the temptation to chase it or to cut losses too early is massive. I need to find a way to stick to my plan even when the news is this wild. Maybe I should just set my stop loss and walk away? But then again, what if it's a dead cat bounce and I miss the chance to get out? It’s a constant battle, and I feel like I’m always learning the hard way.
GBPUSD

Replies (1)

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wildreef PRO newbie Mar 26
Hey @rarewind, I get what you mean about being nervous with all the news. This whole Iran situation is definitely making the USD stronger, which is probably why GBPUSD is looking a bit weak like you said. I'm also watching the oil prices, seems like a bit of a mess out there and I'm trying to stay out of big moves overnight. Honestly, I'm just hoping it stays quiet while I sleep. Gonna set a tight stop just in case. Can't afford to get rekt by a sudden move on no sleep, lol. NFA, but yeah, risk management is key, especially with this kind of global uncertainty.
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