CLOSED TRADE: XAUUSD (Gold) BUY@1117.90 Alt Bat -139 pips

And just to show that trading isn't all chocolate and roses, here's a trade that I gave my members that did not turn out so well. Everyone loses trades. I lose them, too. But I'll learn from this trade and I'll be there to collect when I trade it again!

I ended up losing -139 pips on this trade. Now, normally, my stops are less than 100 pips. Most of the time, much less. But this is Gold. And this market requires larger margins and larger risk to properly trade it. So therefore the reason for the larger loss on this trade. Not to make any excuses as I was just plain wrong on the BUY call.

My system did however predict that large drop but I also did not take that trade. :(

Anyway, the purpose of me posting this is to let anyone who follows me know that I am not infallible and don't expect that I will get everything right! And I don't want to project that image either.

Anyway, I'm watching and waiting on this pair and as soon as I get a proper signal for a trade, I'll be letting my members know about it.