Looking to Book Profits Soon

62 2
As a trader who has been in this for a couple of weeks, I'll be looking to book profits soon. Notice my stop which is set right below today's lows. (The solid red line.)
Do you not the think the events this week will keep gold high at least for the very near future. And depending on how the latter part of this week plays out perhaps even longer?
ruli-92 faizal99
@faizal99, I personally don't take news events into consideration when trading. I feel like anticipated news events are probably already reflected in the pricing to some extent. And it's hard to gauge how much risk you're taking when you're trading based on news events.

Notice though, I didn't sell at the time of the posting. I just put a really tight stop. So if gold went bullish and it kept going up, I would still be in.

For the record, I am often wrong when it comes to commodities. This is partially why I'm taking profits now. I don't want to risk losing what I've made.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out