I’d been trading oil for 3 months or so and I hadn’t actually lost a single trade till this point. And when I said it went left and nearly wiped my account, it wiped the account completely, about £700 sterling, in 20 mins or so.
Looking on this forum, there are people who advocate a similar trading style, which involves 3 things, patience, time and a lot of waiting - it’s for people who just can’t and don’t want to be wrong.
It could have easily been prevented by using a stop loss, correct position size, or just being in tune with the news and oil rig count. I didn’t do any of that and I didn’t have any rules.
I consider the money, a holiday I never went on.