Loss was a margin call---it didn't hit my stop loss but didn't recover enough before the weekend for my broker to allow me to keep it open. Eurnzd---https://gyazo.com/57cea52dfea7953b8320e2f25bc81f78
I entered at 61.8 retracement, stop loss is at 5, unfortunately my account is too small to take longer term positions without hitting a margin call, I entered once it hit reversal zone--I should have waited a bit until momentum switched based on the smaller account size, was my mistake. Originally my plan for the smaller account was to shoot for a 50-60% monthly growth starting then scale back risk as account size rose, I achieved this by over-leveraging on high probability set-ups, problem is I didn't account for the timeframe I use, it wasn't a problem for awhile because of precise entries, but had a streak of a few bad trades as accounted for in my strategy (60-70% winrate on average) but because im over-leveraging---huge negative impact. (in positive trades I was scaling positions out as they moved higher in profit to lock in money gained and moving stop to break even, I would be pyramiding trades but account is too small for that) now I will stop over leveraging and just look for consistent growth, I was hoping to finish this project in a few years to prove a point then move on, looks like it will have to be long term if i want to ensure success, which is always safer of course.
Slow and Grow or Fast and Blow