Started option trading in late 2019. The account was very small initially. As the winning rate is extremely high, i increased the frequency n amount of trade. Everything were great for several months until 2020 Lunar new year. Black swan suddenly appeared. 2019 year end it was heard that a virus was spreading in China. After Lunar new year, market only fell a bit, may be some powerful Chinese investors were pumping capital into the stock market. the market atmosphere changed so sudden that in mid March, it collapsed with the us stock market which touched the temporary stopped trading mechanism several times in a week. these were the most terrible weeks no one can see the bottom. my whole option portfolio was cut by the system as the margin requirement is increasing so fast, i have to pumpe 100k into it every big drop. I can no longer survive. I finally decided to cut 90 percent of the sp positions resulting in huge loss of several hundred k loss .
I lost confidence on myself, stopped trading of everything for almost a year.
in October 2020, I started real account in forex trading.
I learned a lot of different strategies n traded i. demo for long.
participated in the day trader training course, he invited me to join his advanced course.
The box strategy was taught, I usually used small reversal strategy in h1 n h4 using my own indicators.
2 dragon n candle speeds n trend reading were taught in revrsal course.
I later found that most of the strategies I knew from the mql5 indicators n EA were powerful.
We formed Breakthrough group. I mainly used daily BO of 6 candles. the result was so great. we need to implement the strategies daily, if SL is hit, we can use Martin to recover.
I tried to put BO and trend Dav in icustom EA.
I m now still testing other Indicators with EA.
In my real account strated from usd 1000 from Oct to Feb, I earned 1000 on every month using hedging strategy.
in Feb, at the Day lowest point1768, I settled all sell orders leaving around 1 lot buy on hand waiting market to increase.
this time, I was wrong it did not reverse, a big drop is waiting for me. gold collpsed to 1717 then to 1680.
in order to keep the small positions, I deposited 2000 plus 2000 into the account.
I am now very scared after all these big drop in a short period of time.
I m not brave enough to unlock any position. I can't trade for a month. it is now end of April. I spend most of the time on stsategy investigation on option market n forex.
US option market: bull credit spread on gld, tqqq, appl, newly.....
US etf: V, TQQQ hk etf: 7200
HK option market: sp on 1299, 2, 700
forex: hedging position on XAU
