@sandeeppatel on XAUUSD | PriceONN Community

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S
For me, risk management is paramount. I never risk more than 1% of my capital on a single trade. This means strict adherence to SL orders and avoiding over-leveraging, especially in volatile markets like gold. Discipline here prevents catastrophic losses and allows for recovery after a few bad trades.
XAUUSD

Replies (1)

M
ManishTiwari PRO newbie Apr 12
Yeah @sandeeppatel, risk management is absolutely key, especially with gold's crazy swings. I also try to keep my risk per trade under 1%, but man, some weeks it feels impossible to stick to when you see the charts moving so fast. That oil price surge this week really threw a wrench in things, making me nervous about inflation and what the Fed might do. I'm thinking we might see a gap up or down on Monday depending on how sentiment shifts overnight. Definitely need to be disciplined and not chase any quick moves. I'm still reviewing my trades from last week, trying to figure out where I went wrong on a couple of those short entries. The news about gold becoming national security infrastructure is interesting too, could add some underlying support if things get really tense globally.
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