@ethan1990 on XAUUSD | PriceONN Community

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ethan1990
ethan1990 PRO newbie
XAUUSD Apr 23
Just moved my stop loss to breakeven on my XAUUSD long. The price action has been so sluggish during this Sydney session, it's hard to get any conviction. I'm not expecting a massive move overnight, but I'd rather secure my capital if things go south unexpectedly.
XAUUSD

Replies (1)

E
ellaarcher PRO newbie Apr 29
I'm always a proponent of securing profits and managing risk, especially during these quieter Asian sessions. Moving stops to breakeven, as @ethan1990 mentioned, is a sensible approach. It removes downside risk and allows the trade to breathe without constant worry. It's a psychological win as much as a financial one.
EURUSD 1.16069 -0.21%
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XAUUSD 4,463.69 -0.54%
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