Leading Peak:Short term trading techniques for gold

Leading Peak:goldShort term trading techniques
Short term trading is a method of investing in gold that many people adopt. This method has many profit opportunities, but only by learning the necessary gold short term trading skills can one gain good results in real trading operations and achieve profitability in one's own account. Below is a summary of some practical trading methods and rules.

1Multiple short-term trading opportunities

But at the same time, higher demands have been placed on investors. Similar to other trading varieties, short-term gold trading requires sufficient viewing time, as well as keen analysis and judgment ability on the international gold market, to track and discover short-term hotspots in the market. Otherwise, it is not suitable for short-term operations.

2Formulate a stop loss and stop loss plan

This is a "life-saving" discipline for short-term operations and must be resolutely enforced. The price of gold fluctuates greatly, so it is necessary to set the stop profit and stop loss positions before trading, and there should be a guiding ideology of not losing is profit, and timely bagging is safety, to ensure the safety of the principal as much as possible.

Usually, the stop loss point is selected near important support or pressure levels, while the stop profit position can be set based on profit margin. General profit3%reach5%You can close your position and exit, without the mentality of greed and hesitation, especially when one day suddenly appears5%When the above fluctuations occur, it is even more important to cut positions and exit in a timely manner.

3Resolutely not adding positions when losses occur

Many people have a lucky mentality when they experience losses, hoping to recover their losses by increasing their positions, but in the end, their losses continue to magnify. In fact, as long as the initial position is not increased or closed, only a small portion of the funds will be lost.
Short term trading techniques for gold
4Stability of trading psychology

Some investors appear to have a rather rough trading day, with consecutive orders resulting in losses. If they continue to make orders at this time, it will affect their trading mentality and lead to continuous losses. So once this continuous loss situation occurs, it is necessary to close the position and exit, stop all trading, and wait until the mood subsides before returning to the market.

5Fixed transaction volume

Many veteran traders adopt this method to make orders, regardless of whether the trading situation is good or bad, always operating only according to their familiar trading volume. Over time, they can effectively control risks and maintain their trading pace.

On the other hand, many beginners are very casual and do more when they see a good market situation, investing in funds at will, often resulting in negative results.

6Do not hold positions overnight

This is also a method that many short-term veterans like to adopt, which can effectively avoid risks. Many people hold positions for only a few hours at most, and even for a few minutes at the shortest. If it is a loss making order, don't hold it for a long time. Remember: unless you are in the medium to long term, you must close the position on the same day.
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