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A painful experience in trading Gold futures
16 Oct 2021 (287 views)  

I have bad luck yesterday. I held 4 Gold contracts at $1,797.
It closed at $1,768, giving me a loss of $11,000 USD.

When it started to drop at $1,795, I expected a rebound. It never happened. An expert said that the price of $1,785 was the trigger point for Gold to turn bullish.

When it passed that point, I was still expecting it to rebound. It never happened. So, I ended the day with a disaster.

Lesson - set a stop loss in the future. I did set a stop loss on most occasions, but somehow I got careless yesterday. It was a painful experience.

Tan Kin Lian


A painful experience in trading Gold futures
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I have bad luck yesterday. I held 4 Gold contracts at $1,797.
It closed at $1,768, giving me a loss of $11,000 USD.

When it started to drop at $1,795, I expected a rebound. It never happened. An expert said that the price of $1,785 was the trigger point for Gold to turn bullish.

When it passed that point, I was still expecting it to rebound. It never happened. So, I ended the day with a disaster.

Lesson - set a stop loss in the future. I did set a stop loss on most occasions, but somehow I got careless yesterday. It was a painful experience.

Tan Kin Lian