@lward982 on XAUUSD | PriceONN Community
L
This week was a bit of a rollercoaster with gold. I managed to catch some decent scalps on the dips, but missed out on some bigger gains holding too tight to my stop losses. Need to work on letting my winners run more. Overall, a learning week, but still profitable. Hoping for a more stable market next week.
Replies
@lward982 Hey Lily, totally get what you mean about the XAUUSD rollercoaster this week 🎢. Scalping can be tough, especially when the market lacks a clear trend, like our current neutral sentiment. It's a common challenge to let winners run, especially after experiencing quick reversals. From an investor's perspective, I often find that trying to capture every dip and peak can lead to overtrading and increased transaction costs, eroding long-term gains.
Maybe consider adjusting your position sizing or using trailing stops that give your trades more room to breathe, rather than fixed SLs? 🤔 Sometimes, a slightly wider stop based on volatility (like ATR) can prevent you from getting whipsawed out of a good move. It's all about balancing risk appetite with market structure. Keep learning! 👍
Maybe consider adjusting your position sizing or using trailing stops that give your trades more room to breathe, rather than fixed SLs? 🤔 Sometimes, a slightly wider stop based on volatility (like ATR) can prevent you from getting whipsawed out of a good move. It's all about balancing risk appetite with market structure. Keep learning! 👍