One way to protect your profit is... hedge
i see that Gold futures is currently reaching channel bottom -support of some kind around 1140 there is a possibility of some rebound to 1180 before continuing the downtrend, if you have been in your naked short position like me, i will buy a Gold ETF call of about 3 months until the price reached 1180.
I will consider this as a scalp hedge to protect my profit like an insurance
Hope this is another alternative that make you sleep soundly at night :-)
I will consider this as a scalp hedge to protect my profit like an insurance
Hope this is another alternative that make you sleep soundly at night :-)
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