Recovery Strategy for Long/Short Positions
Zaktualizowano
Are You Stuck in a Long Position and Thinking of Cutting Losses? Or Has Your Account Been Blown and You Want to Recover?
From my personal perspective:
If you're stuck in a long position and considering cutting losses: I suggest you hold on for a bit longer. Gold is currently in a short-term bottoming process. If you close your position now and prices go up, you will likely regret it. Trading with regret can lead to emotional decisions, and you might make the same mistake again. Patience could bring unexpected gains.
If your account has taken a hit and you're looking to recover: I suggest preparing more funds to continue buying. A rebound is inevitable, and 2640 is almost guaranteed to be reached. My target is around 2650, though it may change depending on market developments. But 2640 is a solid expectation.
If you entered short positions during the recent decline and got caught: You can open a long position to recover while waiting for a rebound. Once the price reaches 2640, you can close the long position and decide whether to add shorts again based on market conditions.
This is my advice, and I hope it helps you make a better decision moving forward.
From my personal perspective:
If you're stuck in a long position and considering cutting losses: I suggest you hold on for a bit longer. Gold is currently in a short-term bottoming process. If you close your position now and prices go up, you will likely regret it. Trading with regret can lead to emotional decisions, and you might make the same mistake again. Patience could bring unexpected gains.
If your account has taken a hit and you're looking to recover: I suggest preparing more funds to continue buying. A rebound is inevitable, and 2640 is almost guaranteed to be reached. My target is around 2650, though it may change depending on market developments. But 2640 is a solid expectation.
If you entered short positions during the recent decline and got caught: You can open a long position to recover while waiting for a rebound. Once the price reaches 2640, you can close the long position and decide whether to add shorts again based on market conditions.
This is my advice, and I hope it helps you make a better decision moving forward.
Zlecenie aktywne
Gold rebounded to 2640 as expected. Everyone's persistence was not in vain. This time the profit was good. From the current operating status, if the support near 2625 is good, it should not be difficult to approach 2650 or even break through it.
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