Hi, you’ve done really well to only lose 1000 dollars. I lost roughly £10k over 3 years when I started out. I’ve made in the region of 150k once I became profitable. I’ve invested a lot of it and also had to pay back loans which I took out to start off my account. I dont disagree that trading is extremely difficult and yes theres no crystal ball. But then again, I just answered someone on another thread re gold support/ resistance. Heres the charts I’ve just looked at, the daily: I’ve drawn using reversals back in Sept/oct:
Then the 4 hr has multiple areas where you can look to trade using smaller timeframes or whatever strategy you use.
Now this is all hindsight. But if you look at the lines drawn last sept. They show new areas which are tradable later. Not really a crystal ball as you dont know what’s going to happen but you know something could happen there. So watch and wait and look for the moves to make sense and take the trade. You risk is clear as the lines show support and resistance which can change depending on whether price goes through. It’s not inconceivable that if you had drawn those lines and opened a thread for advice that someone wouldve pointed out theres a trading opportunity. If you kept it to yourself then you only trade what you know… and unfortunately that may not be enough.
If you’re interested, start your education here. It includes the babypips course and other more basic stuff. Best of luck 