i am new trader, i only use 1 parameter, which is RSI 14, and i trade using 4H or dialy chart...
if RSI hit above 70, then i will sell, so it goes the opposite, below 30 means buy...
i only play with 0.1 lot...
for the first week, it was okay, i earn 400 bucks (using 3000 dollar in account)
but now i am in deep trouble...
i try on gold (as we all know, it hits the highest in history), i make a sell on 1830 (RSI 4H back then was 72%).. and then again i make sell on 1920... so right now im running on 0.2 lot...
do you guys have any advice on what decision i need to make?
if RSI hit above 70, then i will sell, so it goes the opposite, below 30 means buy...
i only play with 0.1 lot...
for the first week, it was okay, i earn 400 bucks (using 3000 dollar in account)
but now i am in deep trouble...
i try on gold (as we all know, it hits the highest in history), i make a sell on 1830 (RSI 4H back then was 72%).. and then again i make sell on 1920... so right now im running on 0.2 lot...
do you guys have any advice on what decision i need to make?