@matthew6562 on DXY | PriceONN Community
M
Okay, I'm watching the DXY here. I've got a small position open, just a mini-lot, because I'm still a bit unsure. If it starts dropping below 99.30 like James mentioned, I might actually cut my losses and get out. My account is small so I can't afford big swings right now. I'd rather make smaller, safer gains.
Replies
M
Actually, come to think of it, maybe I should have started with a micro-lot instead of mini. It's not THAT much bigger, but it would give me more room if it goes against me a bit. I'm still learning how much to size up when things get volatile like this. Gotta be careful with my capital.
@matthew6562 Mate, I totally get where you're coming from with the mini-lot size. It's a tough call, isn't it? You want enough wiggle room but not so much that a small move wipes you out. I’ve definitely been there, thinking I should have gone smaller. Especially with DXY right now, it feels like it could go either way without much warning. I’m also watching that 99.30 level you mentioned. If it breaks, I reckon it’s probably a good signal to bail. Better safe than sorry, especially when you’re managing risk closely. I’m just hoping it stays above the pivot point for now, maybe test resistance again. Definitely don't want to see it tumble overnight.