$XAU/USD (XAUUSD.CFD)$ I admit that I made a very basic mist...
$XAU/USD (XAUUSD.CFD)$ I admit that I made a very basic mistake. In the first half of the year, I earned $100,000 by trading gold. However, in the past ten days, I have not only lost all the profits I made in the first half but also incurred an additional loss of $100,000 on my principal. Moreover, my position is currently locked in, and I am hesitant to sell. Although I still have a considerable amount of capital left, I feel like a failure. My biggest mistakes were recklessly leveraging and failing to diversify risks. What should I do?
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Serena的养老金 : The price has only dropped 10% from its peak. How could you have lost so much?
Limberbutt McCubbins OP Serena的养老金 : Leverage
103498321 : learn from lesson
Limberbutt McCubbins OP : Since I started trading stocks, I have always been cautious. But this time, I was truly overwhelmed by the excitement of victory. When the double top appeared, I failed to take profits in time and instead doubled down on leverage after being swayed by various media reports. Now I understand the feelings of those fund managers in Hong Kong and Wall Street who jumped to their deaths.
Gior-Gio Limberbutt McCubbins OP : Don't lose hope. Things will get better.
3943 : i lost even more .... i cant take it
i short the sheriff : Nobody for sure knows the directions of gold right now, it's hard for anyone to suggest a strategy. If in doubt, just liquidate all positions, take a pause, analyse past mistakes and start new, when we are more calm. But that's me if I'm in your position, cause I have there before, not of your magnitude though...![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
钱来来 : chill bro. money only. lost can make back. be happy. life is priceless. be glad u r healthy n alive.
dun gamble or trade on money u cant lose. buy physical gold best. no leverage.
3943 : i worst bcos i cut loss . with more than you . i almost want to kill myself
3943 : i cant believe the crush happen so fast
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