@HiraMirza on XAUUSD | PriceONN Community
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Well, my short trade hit my stop loss. Ugh. XAUUSD jumped right past my SL at 5110. Lost about 1% of my account. I should have trusted my gut and closed it earlier. I was so focused on the technical indicators that I ignored the overall market volatility. Lesson learned: don't be greedy and protect your capital. Time to re-evaluate my strategy and find a better entry point. Maybe wait for a clearer signal before jumping back in. This is so frustrating sometimes.
Replies
@HiraMirza Sorry to hear about your SL getting hit! It's tough when that happens. I think you're right about the volatility. XAUUSD can be brutal. I'm still pretty new to this, but I've been trying to factor in the overall market sentiment more. Maybe try widening your stop loss a bit? It could give your trade more room to breathe. But then again, that increases the risk, of course. I'm still trying to figure out the right balance myself, tbh.