Gold defied expectations and achieved yet another new record. To be honest my account may be blown. I do not have much intention to top up any more hard-earned money. I have 1k USD balance left, which may not last for long.
I did not close any trades so far. GBP/CAD was profitable for a while, but quickly reversed and went up before I close the trade.
Crypto has been gaining traction and momentum recently, with news and rumours of the consolidation phase being over soon and a pump up is expected. Hopefully DOT will burst through all resistance and save my account, but I know I should not hope too much for it.
I had a 70 USDT gamble money from Binance though, which till now has flipped till 250 USDT while trading on a 20x leverage. The ideal situation would be to flip this to a decent amount before I cut back on the leverage. But I know this is a high risk high reward venture, and that it does not matter if I win 9 times. I just need to lose 1 time to wipe out everything. But since it is a 70 USDT gamble, let’s see how it will go.
Welfare pack for this week:
Download this week’s CFTC Commitment of Traders (big monies) analysis here.
Read more on what is the CFTC Commitment of Traders report.
Do note that the financial markets are volatile and unpredictable. The above report is only another set of tools to help with our analysis, and by no means is a 100% indicator as to what will follow. It should be used together with other necessary research which a trader or investor should do.
