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On July 8, I first deposited 800u today, mainly trading gold and US stocks.
Principal 800, today's profit 442, total 1242u.
Trading record: The US and Iran clashed again, threatening to close the Strait of Hormuz, which caused oil prices to surge wildly today, while gold and silver and US stocks generally came under pressure. In the afternoon, I attempted the first short order (only deposited 300u at that time). Since the principal was small, I didn't hold on and took profit of only 100u before exiting. Ten minutes later, as oil prices skyrocketed in the afternoon session, gold plunged sharply. At that moment, I felt very FOMO for missing the big move, and without paying attention to any indicators, I chose to buy the dip based on gut feeling (at that time my cognition told me it would definitely drop further).
Sure enough, gold kept falling. I still didn't cut losses in time and instead added positions to average down. As expected, 300u got liquidated...
[Personal takeaway: Gold can be bought on pullbacks when surging, but on sharp drops, only short from highs.]
After calming down, I deposited another 500u, waited for a long time, and then chose to buy the dip in gold.
Reason for the dip buy: The bottom was tested multiple times without breaking; the 5min and 15min MAD gradually turned up and formed a golden cross. Before the US session, I recovered 300u, covering the loss.
When the US session started, US stocks opened low and came under pressure. I decisively opened a short position.
The logic remained war and surging oil prices.
Following the trend, I captured a profit of over 400u.
Reflection: I failed to follow trading discipline – whatever the market shows, you must do accordingly!
(Opportunities are common, but principal is not.) Mutual encouragement. #黄金 #CFD