Disliked{quote} Same view since 2 weeks. However I have big floating loss on my longs, as I preferred Long scalps hoping that some of them will materialize on the long term. Those longs are endangered now because FOMC meeting tonight. So from now until then I will either exit some of them at minimum possible loss, or hedge them waiting for FOMC outcome.Ignored
Trading stuff like Gold is kinda complicated in INdia as compared to Forex markets, its actually very very complicated. So, I keep my long term longs there (in IN). I am too lethargy to trade in my Indian accounts. The best I can do is take a long call & forget whats in there, of course its not that easy as it sounds like, there is lots of stress.
Here in Forex when I foresee price falling (speculation), its kinda alright to go short. I always keep shorts relatively small size. I have never made very good money from shorts as the longs are always relatively quite big.
With Golden seasons not in place, I shall never make a good killing, but, I can survive, learn and make living.
PS: Hope I get what I want by this weekend. A clean & clear bingo bottom-out on VVSA-H1 to go long.
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