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Scaling into PMs after a run-up – managing drawdowns vs FOMO?
I've been watching gold and silver ($XAUUSD, $XAGUSD) make a pretty decent run lately, and part of me is kicking myself for not having a larger position already. My usual strategy for commodities is to scale in on pullbacks, but when everything's just up, it gets tricky. I'm wondering how others manage the internal conflict between wanting to get more exposure now (FOMO, let's be honest) and the discipline of waiting for a better entry to minimize potential drawdowns. Do you just accept a smaller initial position and add on dips even if those dips don't materialize for a while, or do you have a specific percentage rule for entry after a move like this?
1 comments · 1 points
Completely understand that feeling. I've found success by defining entry zones before the run-up, so I'm not chasing. If it's already past those, I set smaller, more conservative targets for a 'late' entry, accepting I won't get the bottom.