@eric8836 on XAUUSD | PriceONN Community

Eric, I completely understand your point about tight stop losses. With XAUUSD's volatility, it's a real challenge. I personally try to base my stop loss placement on key support and resistance levels rather than a fixed pip amount. For example, if I were to enter a long position now, I might place my stop loss just below the recent swing low. Also risk management is key; I try to not risk more than 1% of my capital on any single trade.