Let me share the gold trading I did this week. Total loss on gold this week is 200 USD. Since I’m a scalper, for each trade I just take one or two points and run. But on Wednesday, the price dropped from 280U to 140U and my mindset totally collapsed.

I started going heavy—opened a position of 0.04 lots. Luckily, I had good luck and managed to trade it back to 240U. But I think: if I could make money earlier, I should be able to later too, yet I got blown up in a single wave—because my mindset shattered. This week’s gold was also pretty straightforward. The final move was basically betting that it wouldn’t go below 4000. In the end, I was the clown—I woke up and it had auto-closed my position.

Then on Friday, I went in again with 28U. But I don’t plan to play gold anymore. I’m going to open 0.01 lots. I don’t believe it can break 3900—because once 3900 is broken, there’s no support zone below. The result: it also didn’t break. I ate 70 USD in a day, and now my account only has a little over 100 USD. My total account loss is more than 500 USD.

I know I can’t rush things. I was almost back to profit before—just more than 100 USD away. But it’s easy to get carried away with over-leveraging. Now I feel that going slow is steady: as long as I don’t lose money, it counts as making money.

When everyone misses the trade opportunity, really don’t chase in. It’s easy to lose rationality.