Hey everyone, just wanted to share some profits from today. Hope you all are catching some good trades too
I’m definitely catching some good trades today
Toby said:
I’m definitely catching some good trades today
What everyone, especially the person who posted this, needs to realize is they entered a single 20 cent lot with their account size on gold
@Tyrell
It felt like a big gamble using maximum free margins as they became available. But yes, great trade because any misstep would risk the entire account in that strategy. You didn’t blow it and made a nice profit, so congrats are in order. I just wanted to make sure you understood this all-or-nothing trading style
@Tyrell
That’s why for all my max margin accounts I only use a small amount of capital…
Just enough for the margin in the zone.
@Tyrell
Yeah man, I prefer to use smaller accounts since that fits my trading style. If I had a 10k account, I’d probably end up trigger or range trading. I prefer using 100 USD accounts
You mean 2800 right
Blair said:
You mean 2800 right
No bro, I’m targeting 3000. I’m planning to take profits at 2900, so relax
Blair said:
You mean 2800 right
No bro, I’m targeting 3000. I’m planning to take profits at 2900, so relax
I definitely see it reaching there, but I thought you meant for today.
Maddox said:
Don’t be greedy. Take some profits now. Ride what you can so later you don’t regret not taking profits. Add that equity to your balance
I already planned my take profits. I’d rather lose 100 than wonder if I could have made 3k if I hit my target
Did you set the trades manually or use buy limits for many positions?
Dale said:
Did you set the trades manually or use buy limits for many positions?
I place the trades manually
Don’t be greedy. Take some profits now. Ride what you can so later you don’t regret not taking profits. Add that equity to your balance
Nice trade
Definitely flipped that bad check and I got paid lol
Why didn’t you just open a position with 0.2 lots instead of 10 positions of 0.02 lots?
Aldrin said:
Why didn’t you just open a position with 0.2 lots instead of 10 positions of 0.02 lots?
I went all in because that’s how I maximize my profits. I risk 100 USD to either make a good profit or blow the account. Using 10 of 0.02 lets me stay in a bad position longer. If it were 0.2, I’d just close one at a time instead of all at once. Since January 2024, I’ve made back all my losses. About 50k more
Did you mean 2800?
Lian said:
Did you mean 2800?
No, gold is definitely going up. There’s too much happening in the economy right now. 3000 is the most realistic value gold will hit soon