How I lose Money Shorting Gold
This Post is about , sharing my Experience on how i loose money shorting Gold
Before Opening my Position in Gold Yesterday , i have did some Home Work
- I have checked the Comex gold Futures Pricing
- Studied 5 minute ,/ 1 hour and Daily Chart
Firstly Base on Comex Futures , there are indicative signal that golds futures are going bearish.
thus first bearish fact verified
Second, Base on technical analysis Indication , i have identified the Up / down resistance
thus second fact verified
After Gathering all the Data / analytics
I come out with my trade Plan
Trade Type : Short
Buy in Position :USD 1840 ( Buy in at the Downside Resistance level )
Stop Loss : USD 1845 ( 3 points above resistance Level )
Take Profit : USD 1838.30 (3 point below resistance level)
Sounds Good Plan to me back then 
Then that Spike Came in from USD 1840 to USD 1847 , Happen in a blink of an eye . Less then 2 Seconds 🤣🤣🤣
It went back down very quickly as well less then few seconds
Thanks to the Spike , it was really really unpredictable . That Spike have caused me burn out USD 100