RE: GOLD30 Dec 2008 17:55
After doing pretty well on Gold Spread Betting I was caught out today by the large drop at around 9 this morning. The loss I take with the wins but what concerns me is that I didn't see this coming, in fact I thought that the Gold price was behaving in a manner that I didn't expect for most of yesterday afternoon ( perhaps that should have warned me ). Anyway did any of the more experienced traders foresee this drop and the subsequent one at about lunchtime and if they did could they share their insight with me so that I might avoid my oversight/ignorance in the future. I was really thinking that I had this nailed until now. I was using a "Stop Loss" and so limited my loss. Any advice here greatly appreciated.