It really depends on your strategy. Personally, I usually trim some of my position and let part of it keep going while I move my stop to break even or a little in the green.
I’m not sure what the bigger picture looks like, but I’m expecting a pullback to about 2371.50, which could give another nice buying chance as long as the market stays bullish.
Edit: I didn’t meant to type 2371, I actually meant 2731 lol thanks for catching that
Yep, my target is 2760.5
It depends on how much you have already made. $500? Nah, hold on. $50,000? I would probably sell lol
Boston said:
It depends on how much you have already made. $500? Nah, hold on. $50,000? I would probably sell lol
I made about 3k and just closed, lol
Boston said:
It depends on how much you have already made. $500? Nah, hold on. $50,000? I would probably sell lol
I made about 3k and just closed, lol
Nice job
Boston said:
It depends on how much you have already made. $500? Nah, hold on. $50,000? I would probably sell lol
I made about 3k and just closed, lol
Good job, dude. What’s that percentage? If it’s 50% ROI, that’s awesome. If it’s 0.5% then… well, you know… cool, I guess.
Today was wild
Wow
It always depends on your strategy. What kind of trading are you doing? Are you scalping, swing trading, or holding positions? Also, what’s your exit plan? Is it just a guess?
I can share my thoughts, but you really need to explain your method a bit. Folks who don’t plan, usually end up regretting it.
So here’s my approach…
- If I’m scalping, I’d exit. Buy low, sell high. There’s a not-so-strong resistance forming, but it might push through. It’s a scalp trade; I’ll be in another trade quickly.
- If I’m swing trading, I’d either do nothing since it’s not a reversal yet… just a small dip or maybe take some partial profits. It all depends on my strategy. Do you have a trailing stop loss, for example?
- If this is a position hold, I wouldn’t even check the minute charts. If I’m in for the long run, I just buy gold or silver, stash it away, and don’t check it until it’s time to sell. It’ll either go up or down. Whatever.
Bottom line, you need a clear strategy and can’t just go on whims based on market movement.
I’m having a hard time getting in
Day said:
I’m having a hard time getting in
I usually check gold early in the morning, that seems like a good time
Move your stop loss to break even and take some profits, then let the rest go
Why be greedy when all you need is 20% a day for 60 days?
Whatever your starting amount is, just divide it in half for how much to go for each trade for that 20%. If you keep it up for 60 days, you’ll have way more money than you can imagine.
And it gets even wilder if you can do 20% multiple times a day.
Just giving you the secret to becoming a multimillionaire. You can thank me later.