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I was doing synthetic indices specifically boom and crash. So I figured out a way to catch spikes quite often with RSI and bollinger bands and also scalp the small candles. I scalped at the wrong time and that's when it went haywire
I opened one extremely large position. Terrible decision but better to learn early than late with lots more money. I was humbled , the market will never be a friend
Have to be smart. Turned $27 to $412 and only withdrew $16 bucks, this was in 4 days. Started trading on the 4th of June, blew my account two hours ago. Key lesson there employ good money management rules. Take it slow, don't think you will build Rome in a day.
Started an account 4 days ago. Started with $27. Just an hour ago my equity was now at $412. I was strictly trading boom and crash. However , I got extremely ambitious and began to go in with 10.00 lots going against where the spike usually leads to. Long story short, I blew my account.
Two...