Posts Tagged spreadbet gold

Drawndowns and Pain – What to do when positions go against you

Drawndowns and Pain - What to do when positions go against you

Today I entered short on Gold after seeing a breakdown in the price action. My stop was in the correct place but what I hadn't anticipated was how much money I could have lost when I placed the trade. I only realised what I had done after I had placed the order and it got triggered. I usually can deal with a 100 point (or pip) loss which amounts to around 2% of my capital. However, I had gone in at the same stake size as my normal trades but my stop was also the equivalent of 250 pips away wh

September 16, 2011 No Comments Full Story