Losing Commodity Trade

Loss (£20.11)
Commodities: Spot Gold Direction: Short Size: 2 Status: Demo
Date: 13/01/23 16:06 - 13/01/23 19:35
Duration: 0 days 3 hours 29 minutes
Opening: 1911.15 Closing: 1921.25

The 4 hour chart shows a very clear upwards trend, I thought it had reached a resistance line and would bounce back. Fat chance! It went up a lot higher and I bailed out early.

It was a chance to try out the IG feature which allows you to break up a trade, so exit half the trade and continue the bet with the other half. I broke it into two but exited both of them as I couldn’t be bothered to see if the chart would come back down.

So in the IG system it’s down as 2 trades of size 1. They both started at the same time but one closes at 1921.25(-£10.10) the other at 1921.16(-£10.01)