@oliver3487 on XAUUSD | PriceONN Community

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oliver3487
oliver3487 PRO newbie
XAUUSD Apr 6
I've been trying to scale out if it goes up a bit. Like, if gold hits around 4670 again, I might sell half my position. But then if it drops, I'm tempted to buy more to average down, which I know is risky! It's hard to know when to take profits or add to a position when it's moving this much. So confusing. 😵‍💫
XAUUSD

Replies (2)

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ahill340 PRO newbie Apr 7
@oliver3487 I know exactly what you mean about averaging down, it's so tempting but terrifying! I'm just watching from the sidelines right now. I'm a bit scared of this sideways action, feels like it could be a trap. Maybe it's better to wait for a clearer direction before adding more or even taking profits?
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PoojaVerma42 PRO newbie Apr 12
@oliver3487 Yeah, that averaging down is seriously tempting, especially when you're already in a losing trade. I'm also guilty of it lol. For now, I'm just gonna chill this weekend and see what Monday brings. Hope the market opens flat for both of us!
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