Long term and short term binary options
However, the minute after this trade expired in-the-money, the market broke below 1. This trade was a put option at 1. Nevertheless, this trade did not win as price continued to climb back into its previous trading range. I decided to take a put option at the touch of 1. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward.
But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1. For this trade, the high of day initially made on the 2: I had intended to take a put option at this level on the 3: And then for maybe seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry.
I did end up using the 1. I took a put option on the touch of the level. Once again, I used the current daily high of 1. But price busted through and this trade lost.
Another fifteen minutes passed by before I was able to take another trade set-up. This time, I used 1. This trade was probably my favorite set-up of the day and was aided by the fact that the trend was up. It turned out to be a winner. For put options at this point, I had an eye toward 1.
So I decided to take a put option at the touch of 1. This trade turned out to be a nice four-pip winner. My final trade of the day was a call option back down at 1.
This was another good four-pip winner. After that I was waiting for price to come up and see if 1. Also, I was feeling a bit fatigued by this point and decided to call it quits for the day. But, in general, I have faith in my strategy to predict future market direction with a reasonable level of accuracy, and my ability to apply it to any market or timeframe.
I also enjoyed toying around with the 1-minute options, as it was a new experience, and I would definitely consider adding more second option days into my regimen in the future. Basic 60 Second Strategy My basic strategy toward second options goes as follows: Trade History Using 1 Minute Expiry 1: Put option back up at the 1.
Are you looking for something that you can largely not pay attention to, or do you enjoy the hands on approach to managing your money? Do you want to spend a few hours per day researching markets or would you rather leave this to the professionals?
The answers to these questions will be a good guide for you as you figure out which is best. By themselves, short and long term trades are neutral in value.
You want to choose the one that will help you personally help you to succeed. Some people benefit from both , just one, or none at all. You will need to figure out where you fit in here on your own. What is your overall goal? This is an essential question , and it will guide every decision that you make.
Long term and short term goals are not incompatible. In fact, a lot of traders use this as a way to increase their diversification and safety.
Because a diverse assortment of holdings means that when one part of the market fails, you are boosted by the other parts. If you have all of your money in a single stock and that company goes bankrupt, your money is lost. If you have your money in 12 different stocks , then less than 10 percent of your money is lost—a much better outcome. In fact, when done right it can help you reach your retirement goal even more quickly. Whatever you do, remember that short term trading is high risk.
Even the most successful traders lose money sometimes, but they take measures to ensure that lost money is not a lifechanging event by minimizing risk wherever they can. When your money is spread out such as with a trading account and a retirement account , your overall risk is decreased by a lot.
This is still a small amount of money, but if you make minimally sized trades and you focus on high quality situations, you will likely see your account gradually begin to grow. Are you a long term investor or a short term trader? You are using both to grow your money, and you are using both to get closer to your final goals.
If this strategy makes sense and you have the expendable capital, then it is perfectly reasonable to incorporate both into your financial life. Your capital is at risk. Binary options traders often find it easy to profit from index trading due to the fact that there are plenty of market reports that impact their value and make direction forecasting a simpler process.