Yes, have stop for every trade. Gold stop at 1520. GBP stop at 1.25100, I mean when I opened GBP trade, the stop was set at1.25100. Now I have it moved to 1.23900.
Gold is not at 1496, it is at 1503. I shorted Dec contract. I think my entry was good, and exit was good too. I have projected gold should be down big today. If not, then there is something uneasy to me. The strength came from today's news. The winning probability of gold trade has been reduced and gold is no longer a good trade candidate for me. I would rather short euro instead.But the GBP short is the best of the three candidates. I mean if I want to pick the next trade I would rather add position on GBP short.
oh, you trade option/contract. i know very little about option. so i'm going to stay out of this conversation.
No, I don't trade option. I trade futures. See current gold futures price. https://www.investing.com/commodities/gold
anyway, my point was if i were trade gold like a stock. i set my stop loss and if it hits my stop loss, that mean i'm wrong. and move on to my next trade. i don't let news or anything affect my trading plan.