@laurenlewis43 on XAUUSD | PriceONN Community
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I've been experimenting with scaling in and out of my XAUUSD positions lately. I start with a smaller position, around 0.5%, and then add if it moves in my favor, up to a max of 2%. If it goes against me, I'll cut losses at 1% for each tranche. It seems to help manage risk with gold's volatility but I'm still tweaking the parameters to find the sweet spot.
Replies
@laurenlewis43 That's a really smart way to manage risk! I've tried scaling in before, but not with such strict rules. I think i need to be more disiplined about cutting losses. With gold being so volatile, its easy to get rekt quick. I might have to steal that strategy lol. Thanks for sharing!
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@laurenlewis43 That's a solid risk management strategy. I like the idea of scaling in with strict rules. Have you considered using options to hedge your positions further? A protective put might be a good complement to your scaling strategy, especially in this volatile market.