Hello Everyone!
I just started trading a week ago. I grew my account from $300 to $380 in just a day using x200-x400 leverage with no risk management. But I blew all of that, down to only $40 now just in a matter of minutes. What do I do? I feel down right now :((
Thanks
Price of tuition, you got off really lightly.
I know you don’t want to hear this but you should be grateful for the experience
Also reflect on if you really want to day trade or not - swing trading is a much better fit for a total beginner.
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Stop trading. Close your positions,. Open a demo account and start testing.
You took off for your maiden solo flight without knowing a) how to fly, b) how to land.
Set some learning targets and achieve them before you put real money in again.
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I did Swing trading with the $80 profit. But also lose around $260 with that, what do I do man? I used Indicators as well. But I think I’m not close to being knowledgeable in using indicators. How many weeks or months would I intend to fully understand trading? What do you think?
When do I go back in using real money?
@Johnscott31 Should there be stop loss in swing trading?
Of course there should be a stop loss - and I’m sorry to tell you that the road to success is measured in years not months.
It’s a shame, without wanting to offend you are obviously as green as they come.
Take @tommor advice and start on demo
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Thanks a lot man! @Johnscott31
You have to plot your course. You can’t go from city A to city B if your plan simply consists of “Leave A, arrive at B”.
First understand the guiding principles of trading, including technical analysis and risk management etc. Get hold of a few simple strategies - try to do your learning on as long-term trading as you can stand. Demo these strategies until you fully understand why they work, why they fail and how they could be better - for you.
When you are consistently profitable whilst following your selected strategy’s rules 100%and your strategy allows for whatever price does, start trading with real money in tiny positions, using entry orders not live buys/sells if possible.
How many days/weeks/months this takes is an individual matter but don’t give up now.
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when you feel down ,stop and think about the folks who go to work and try heal,care and support others in these times whilst they put their lives online.
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Sorry you feel down , but look at it as a paid lesson in not what to do, trading is a profession and cannot be learned in a week just like any job. Open a demo and stick to a plan of action for 30 days with simple rules in place and always remember money management is king.
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Trade a Demo Account for at least 3 to 6 months, Get a journal and document yourself. Learn to accept wins and losses equally. You may feel down right now, get away from trading for the day and get your mind busy with something else you enjoy to lift your spirit. Come back fresh, start backtesting and learning so you can trade your Demo in the coming weeks/months etc! Good Luck!
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These series of videos might help
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Try getting it wrong then end up owing $500k because the trade went too far against you. Now, look at what you lost–doesn’t seem to be so bad now, does it?
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So how are u now brotha?
Oh, that happened to Mark Cook. Goes to show that someone always had it worse.
Oof. Hope he had extra money after that. Sounds like an insane amount of risk he took. 
Here is a pretty in depth account what happened:
Mark D. Cook
You add more money to the account and do it again. 
Welcome to the life of a newbie trader, get used to it there will be many more,
But you did a good job, only one week, very effecient. 
Your broker is really going to like you.
You would be better off learning on demo first. You need to have a clear trading plan.
You better be learning the basics well first before depositing your account again or it will just keep repeating.
Invest in learning more about trading first! 
all the best!