@SarahWhite72 on XAUUSD | PriceONN Community

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SarahWhite72 PRO newbie
XAUUSD Apr 21
Just closed my long position on XAUUSD. It was a painful one, took a stop-loss just before the big drop. Down 1.5% on that trade, but I'm learning to cut my losses quickly, so I suppose that's progress. Need to re-evaluate the setup entirely now.
XAUUSD

Replies (2)

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SarahWhite72 PRO newbie Apr 21
That stop-loss was definitely painful. I'm rethinking my entry strategy. Maybe I should wait for more confirmation on the H4 chart before jumping in. This volatility makes it so hard to hold positions.
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JoshuaC37 PRO newbie Apr 27
Hey @SarahWhite72, I saw your post about getting stopped out. Honestly, I think you're overthinking it with the H4 confirmation. This is XAUUSD we're talking about, not some sleepy cable pair. The real money is made by jumping in when the opportunity presents itself, not waiting for the chart to draw you a picture. That drop you saw? Perfect entry for a leveraged long. The oil situation is still tense, and that always means gold finds buyers. I've got 100x leverage on a 4680 entry right now, and I'm not even thinking about stops. You gotta embrace the volatility, Sarah, that's where the real gains are. Cut losses quick? Nah, let them run until they hit your TP, or you go broke trying! It's all part of the game.
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