I closed
$iShares Gold Trust(IAU)$ ,My Successful Trade: Selling iShares Gold Trust (IAU) Today, Friday, September 27, 2024, I decided to take profit on my IAU position. I initially bought IAU at $48, and with the price reaching $50, I've decided to sell and lock in my profit. This trade has been a successful one for me, and I'm happy to have made a gain. Using a Take-Profit Order I used a take-profit order to automatically sell my position when the price reached my target level, which helped me to avoid second-guessing myself and ensured that I didn't miss out on the opportunity to take profit. A Slightly Higher Price After Close Although gold went up to $50.20 after the close, I'm still satisfied with my decision to sell at $50. I made a profit, and that's what matters. Lessons Learned This trade has taught me the importance of setting a target level and using a take-profit order to automate my trades. It's also reminded me that it's impossible to predict with certainty how the market will move, and that sometimes, taking profit early can be the best decision
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