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.
Year-to-date Profits: +5,794 pips.
Weekly Best Bets Newsletter: http://bit.ly/2uEvQWF
This Month In Indexes newsletter: http://bit.ly/2tGqpcy
Want results like this? Join us: http://bit.ly/29x4bfM
This rule is the one that I get the most questions and feedback
on by traders from all over the world. Traders ask, “What do you
mean, love to lose money. Are you crazy?”
No, I’m not crazy. What I mean is to accept the fact that you are
going to have losing trades throughout the trading session. Get
out of your losers quickly. Love to get out of your losers quickly.
It will save you a lot of trading capital and will make you a much