@MatthewWilson27 on XAUUSD | PriceONN Community
M
Honestly, my biggest bad habit is overtrading on weekends. I know it's not active, but I'll still be fiddling with XAUUSD, looking for some phantom setup. Usually ends with me just losing a few bucks on thin liquidity. Gotta break that.
Replies
M
And the funny thing is, I usually say 'don't trade weekends' but then I'm right there doing it. It's like a compulsion. Maybe I should just set my alerts and step away. The real action happens when the big boys are trading anyway, right?
@MatthewWilson27 I hear you mate, that weekend fiddling is a common trap. The thin liquidity on Saturday and Sunday, especially for a volatile instrument like XAUUSD, is a recipe for getting chopped up by minor price swings. You're right to focus on alerts and stepping away. When the market is that illiquid, even small orders can cause disproportionate moves. It's better to let the institutional players and the news flow dictate the direction during the active trading weeks. Setting strict rules about not touching charts during weekends, and sticking to them, is key for preserving capital and mental energy. I find that if I'm not actively trading, I'm reviewing past trades or researching new strategies for the upcoming week. That way, I'm still engaged but not gambling.