Trading CFD’s with 500:1 leverage is the nitroglycerin of day trading. If the equity is gone then you cannot trade until you replenish the trading account.

The rules to follow are the following:

• Trade only one target at a time. This ensures focus. Trading two targets, such as Gold and one of the Indexes, can also be acceptable.
• Do not trade three of more targets at the same time. Focus is gone. Without focus you’re lost.
• Do not have more than 10% of equity in the market.
• Do not hold losing positions overnight. A lot can happen during the Asian day. You do not deserve anything when asleep except, of course, a kick in the butt if holding a losing position overnight.
• You’ll break the rules. At least understand that you are currently breaking the rules and trading with a higher than preferable level of risk. Stubborness is not a desirable quality.