Today is the seventh trading day, and my account is still making new highs, but yesterday I suffered a 72% drawdown. I reflected on why—when I first traded gold, and considering the position size—I thought it would be similar to US stocks. Because I’m more familiar with US stocks, I increased my position size a bit more. In the end, it nearly led to liquidation. This post is meant to warn me to be careful—careful and cautious, cautious. For every new instrument, you absolutely can’t let your position exceed 1%. Come on, come on, brothers—let’s make it and stand out!!! ✊✊✊

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