One of the keys for me in trading is to trade around a core position. Trading around a core position means that I keep a small position and then I trade around that small position. If I am long, then I will buy dips and sell rallies all throughout that time I keep a small position with a wide stop. I trade small enough in my core position that I don’t get shaken out easily. This has been the case for me with Gold for sometime now. I want to be long Gold for Macroeconomic reasons, but the charts have been too choppy for me to stay with a full position. In today’s video I go over Gold on the charts and explain my process for trading around a core position. Looking forward to reading your comments. Cheers, DELI
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Develop Your Edge is a weekly YouTube show hosted by 22-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony and his guests discuss what they are doing to Develop Their Edge in trading futures! Past performance is no guarantee of future results.