Gold’s volatility has given me nightmares. So much so that I turned off trading on Gold Digger intermittently over the past few days. I may turn it on and watch it take a quick 10-second trade. Then, I watch gold climb aggressively over a brief period. I go, “Oh, no. What if I am holding a trade when it shoots off the charts again.” My memory is still very raw of what gold’s volatility did to my Precision scalping bot earlier this month. With those memories fresh, I turn off trading again.
As The Fed navigated its GBPUSD pairs, I turned off Gold Digger. (Both Gold Digger and The Fed reside in the same account. While this is normally a cordial relationship, caution is never a bad idea.) The Fed had a drawdown of over $20,000. This drawdown and gold’s daily range made me hesitant to let Gold Digger loose. However, I will never know how much money I may have lost. My Gold Digger has been known to make over 5 trades in a day. At approximately $100/trade, it is worth balancing some risk.
Presently, I have turned Gold Digger back on with 0.6 lot sizes. If the trades go smoothly, it will net about $60/trade. And, if a trade goes bad, it will be less disruptive to the account for Gold Digger to “win.” I would love to run with larger lot sizes (1.0), but higher potential gains could be much more expensive to my piece of mind. More risk gives me more to write about. I would rather have nothing to write about…honest.
