Disliked{quote} Yes you did advised me, i did not listen to you and i really regret that now. The problem is not ego, its just so easy to fund the account when i'm close to margin call. It takes two minutes using your credit card and immediatly your account is safe What I always said, trading make you discover that there are so many psychological situations you did not learn how to deal with, emotion, fear, greed etc. Now it's too late, whatever decision i make, will be the bad one.Ignored
price is at the highs so you have to ask yourself if you think bulls will braekout since they havent been able to for a long time
look at the monthly and quarterly charts...price always fell everytime it came this high
you just shorted too soon but sounds like you kept size small
i dont know your risk tolerance or if the money you lose wont matter to your standard of living but this is the wrong time to close and cover...this reminds me of last year when china was buying gold during the summer and levitating gold
heres a monthly and daily chart...just remember breakouts dont happen with candles like on the daily...spend some time looking thru charts and notice how breakouts do happen....price is usually sneaky before the breakout not telegraphing huge candles
next time look at a daily or weekly chart and wait for a test of a swing high or all time high before shorting
trade like the 5% contrarians not the 95% losers
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