1. Stop loss
Stop loss is a risk control, which means stop loss. There are two kinds of stop loss: systematic stop loss and manual stop loss. Manual stop loss means that you feel that the loss value exceeds your loss range, and you close the position in your hand. Generally, the manual stop loss of spot gold is 0.5 lots. If you lose $ 100, you have to close your position.
The system stop loss is: for example, the market is bullish, the current price is 900, you buy at 900, and the system stop loss is set at 899. Once the market falls, the system will automatically help you to place orders when it reaches 899. No matter how much it falls later, your loss is at most 1 point, and 0.5 lot is 50 dollars.
2. Stop winning
Take profit is the opposite of stop loss. For example, if you buy at 900 and take profit at 908, because 908 is a resistance level, the price of gold will be blocked at this price, and the system will help you level off when the price of gold reaches 908, or you are not in front of the computer, or the market fluctuates too fast, you can use this method.
Step 3 hedge
That is, there are both multiple orders and empty orders. When you buy at 900 and reach the 906 position, you have made a profit of 600 dollars, but when the market falls, you can short at 906. Although the profit of multiple orders is decreasing when it falls, 906 is short and profitable, so your total profit remains unchanged at 600 dollars.
Lock the order
You bought at 900, but the market fell. At the position of 898, you lost $200. In order to reduce the loss, you buy down in 898, making your 900 lose money, your 898 profit buy down, and your loss is controlled at $200. It was profitable when it fell, so it was even. Keep the money at a loss first, and then make a profit when it rises.
5, homeopathic operation
Try to short the high position and strong resistance in the downward trend, and try to be as strong as possible in the upward trend; After breaking through strong resistance, you can chase after the trend; If you fall below the strong support level, you can take advantage of the trend to short; When the decline ends and turns upward, we should take advantage of the trend to do more; When the rally ends and reverses, you should use the trend to short.
6. Not greedy
Don't be greedy when the strong resistance above can't be broken; When the strong support below the short position can't fall, it is called closing the position in a good time.
7. The warehouse capacity is moderate
When making spot gold, the number of lots per order is 10% of the position, the position of 10000 USD is 1 lot, and the position of 10000 USD and below is 0.5 lot, which is the best. If the market is good, you can do 1 lot if you read it on time, and it is best not to exceed 1 lot at a time.
I am a professional gold foreign exchange consulting analyst.
I hope it helps you.