Profiting from shorting gold

Obviously i'm not going to brag everytime something goes right. This is just pure luck;

Gold futures sank $30 in electronic trading after the Federal Reserve released its policy statement Tuesday, adding to minor losses in the regular session chalked up to a higher dollar and reports Germany opposed a bigger regional rescue fund.

After the close, gold for February delivery GC2G -1.92% sank more than $30 and was recently down $29.10, or 1.8%, at $1,634 an ounce.

Nonetheless so far the market seems to go my way, i'm not confident enough yet to double up on this position, let's see how it goes. This wasn't supposed to be a really short trade. To get off in a few days. I really think it's possible gold has a long way to go down.

If i'm going -5% on the opening of my trade, i'm still getting out.

Category: commodity trading , gold futures down $30 , gold short , shorting gold