A moment ago you talked about this whole trade from the lenses of a position trader. Now you are all of a sudden a day trader and you just happened to catch the bottom in retrospect. Can you please read your post again and tell me you don't feel you come across as being incredibly dishonest?
I am a day trader and not a position trader but I liked the look of this one and the more people like you argued against it the more I liked it. Nothing happened in retrospect, I took the trade weeks ago and closed it ages ago too. I'm not here to convince you or anyone else of anything other than the fact that just because you can't see the merit of the position doesn't mean it's not a valid trading method. What you believe ultimately is up to you.
And I am telling you that in professional space most every trader , desk head, risk manager would have considered the timing and risk parameters of this trade inferior, unprofessional, and outright dangerous. You can believe whatever you want but the risk reward of this trade stinks, and even more so in light of the fact that no other information was provided, such as missing anticipated holding period, stops , target levels. Last post here, over and out.
Gold was really tricky during the elections. Certainly it has been under heavy speculations, killing for many traders..
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