$XAU closed the remaining position at 4400, let's review this trade
First, clarify the opening logic of this long position: FOMC rate hike negative sentiment was fully priced in, the price bottomed at 4244 and then rebounded; subsequently, there was no clear negative outlook
Going long at 4290 had a high probability of success, the biggest negative was fully priced in, the market had fully accounted for the rate hike; the stop loss was also clear, the previous low at 4244; the risk-reward ratio was also good, returning to 4400 gave 1:2.4, and the risk-reward ratio up to 4500 was even 1:4.56
Reviewing our previous discussion on the “impossible triangle of trading”: high win rate, high risk-reward ratio, and high frequency cannot all appear simultaneously; since the market provided an opportunity with high win rate plus high risk-reward ratio, we naturally had to seize this rare market move
4400 was my first expectation for the rebound, and I have now fully taken profit; the logic at opening was to catch the rebound, so afterwards do not get emotionally attached or convince yourself to scale up the position, as that will only lead to losing most of the profits
The logic at opening is the logic at closing, do not change your view
#摩根大通称比特币或跑赢黄金@OKX星球
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