stop triggerered
trading gold
- Thread starter padutrader
- Start date
sold 1765.47 stop 1768
stopped out
for day trading, I estimate the success rate is around 25%.
In fact, I have minimised my gold chart.
if gold still refuse to improve, I will delete the chart.
perhaps other traders can do a better job day trading it.
gold is a highly emotional mean motorscooter, lol.
another train will come into the station.
and i know you are ready to roll, padman.
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sold 1767....stop 1769.16
you are probably right
but the rewards are huge.
and given a choice between a small certain reward and a big uncertain reward, research shows that most people would choose the uncertain big reward.
this is because people like to dream...riches
my entry in the first trade was really really bad
as you can see i do not decide a target.......deciding a target may make you prejudice and not take notice of price action...... that may make mockery of the target expected.