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The scariest thing in the market isn't a dip! #XAU
It's making profits and not cashing out!
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Remember when gold dropped to around 880 on June 11?
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Back then, everyone was screaming:
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The bull market is here!
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Target 1000!
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Not leaving until we hit a thousand points!
But only the wise one kept saying:
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It's just a bounce!
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Only a rebound!
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Four words: take your profits!
What happened?
880 ➜ 941
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Over 60 points in profit secured.
And those dreaming of doubling their money,
ended up giving their profits back to the market.
The biggest issue for many traders:
It's not about not making money.
It's about thinking they can make even more after they've made some.
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The market has a way of humbling everyone.
If on June 24 the price drops again to around 885,
my view remains the same:
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There are rebound opportunities.
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You can play the rebound.
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But a rebound doesn't mean a reversal.
Remember these four words:
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Take Your Profits
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After 9 years in trading, my biggest takeaway:
Very few can nail the bottom,
Even fewer can sell at relatively high points.
Those who can buy are the students,
Those who can sell are the masters.