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StuANZ2019

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13/04/24

13:02

Post #: 73328746
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Originally posted by wrighty64: ↑

Any trader worth his salt would love volatility and volume when trading.
Gold last night from around 9pm WA time took off from 2390 to 2431 by 11pm now unless you live under a rock gold is in full bull mode but nothing goes straight up.
After running that hard the brakes came on all the back to 2335.
137.00 Swing both ways in 5 hours of trading. You don't see this all the time but 10 to 20 dollar swings are common.
Setting and planning of positions is not that hard your focus is on one commodity stop losses and profits can be set and position sizing are all crucial.
But nothing like being on it live when it's going parabolic. Patience and discipline and knowledge of your platform must be learnt thoroughly before you put any money into these trades as mistakes can be catastrophic.
Open your eyes to trading. The ASX is a woeful exchange to trade much better off elsewhere re educate yourself you won't look back.

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very much agree, never regretted taking 4 months to learn/watch the US markets. Dont daytrade there considering the time differences. Same with commodity markets, but might be interested in those.

You got some links where you get info/updates in the commodity space?
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