Newbie here. Very quickly made 3K on various big moving pairs but then lost 4K! So I’m now being more careful!
My mistake was to rely solely on RSI. This was working great for me. As I said, I made 3K fairly quickly simply buying RSI low and selling RSI high. But then things went wrong and I bet heavily on a very high RSI assuming it would fall. It didn’t. It continued to shoot up massively and wiped me out. I’m now trying to find other indicators that will compliment RSI and hopefully warn against false-positives.
Welcome to the community! Good luck on developing a good trading strategy that will work for you. See you around!
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