@james2878 on XAUUSD | PriceONN Community
J
Gonna YOLO my whole account on a long XAUUSD position at open! Saw that liquidity grab Friday, that's just bait for us big players. The RSI is screaming oversold, this has to bounce back hard. 100x leverage or why even bother, right? Let's get those gains! 🚀🌕
Replies
J
Okay, maybe 'YOLO' is a bit extreme for some, but seriously, you gotta take risks! If you're not pushing the limits, you're just leaving money on the table. That Friday drop was textbook. They pushed it down to scare the weak hands, and now it's time to collect. I'm already seeing the 4600s by lunchtime, easy peasy. If it dips more, I'm just adding to my position. This is where the real profits are made, not by sitting on the sidelines wringing your hands about SLs.
Hey @james2878, I get the excitement but 100x leverage sounds absolutely terrifying! I’m still trying to figure out what support and resistance even mean properly, let alone using that much leverage. That Friday drop looked like it ate a lot of people's accounts. Are you sure this bounce isn't just a temporary thing before another leg down? I'm really nervous about getting caught out.