Booked $15,000+ Live on YouTube ✅ #trading #gold #forex #crypto #stockmarket
Booming Bulls • 10 days ago
What This Video Is About
This video is about a live trading session where the speaker shares their trading strategy and decisions in the gold market. The speaker starts with a short position and later takes a long position, aiming to make a profit.
Major Ideas Discussed
- The speaker takes a short position in gold with a small stop-loss and aims to make a profit of $600.
- They discuss the importance of setting a good target and not closing trades at break-even, which could result in smaller profits.
- The speaker waits for the right moment to go long in gold and buys five lots, setting a risk-reward ratio of 1:3.
- They book profits of $6,700 after matching a risk of $2,000.
- The speaker also discusses scalping in gold, making a sell trade at a good level, and plans to either take a $600 profit or let the trade run.
What to Watch Next
The speaker suggests monitoring the gold market, particularly the levels and risk-reward ratios, to make informed trading decisions.