Gonna 'kick it on over' to my real/live cash IGMarkets/NADEX account for now...
*may trade Spot Forex...maybe...but really small...
*probably more focus on the NADEX Binary products
Flat out, I simply believe I would be a better swing/position trader rather than scalper. The NADEX binaries are really fit for that. Either through the dailys or weeklys. It has been really, really hard for me to 'manage' the QUICK p&l immediate red - $$ amounts and I am jumping out of trades too early or too concerned of being thrown into overnight margin or...
NADEX binaries are great in that they are fixed loss amounts...can't lose more than the premium...unlike normal futures...
Gonna 'kick it on over' to my real/live cash IGMarkets/NADEX account for now...
*may trade Spot Forex...maybe...but really small...
*probably more focus on the NADEX Binary products
Flat out, I simply believe I would be a better swing/position trader rather than scalper. The NADEX binaries are really fit for that. Either through the dailys or weeklys. It has been really, really hard for me to 'manage' the QUICK p&l immediate red - $$ amounts and I am jumping out of trades too early or too concerned of being thrown into overnight margin or...
NADEX binaries are great in that they are fixed loss amounts...can't lose more than the premium...unlike normal futures...
Crude Oil
Euro
Soybeans
Corn
DAX
...maybe FTSE and Gold?
...okay, go ahead and slam me etc etc...at least being honest and learning...learning more about perhaps the type of trader I am...
Well you obviously do not understand the nadex yet, the dailies are not so much a swing trade, you can max out expiration in a few minutes, again you need to learn to trade before you try anything, and the soybeans and corn are pretty hard on the binary side so have fun.
Gonna 'kick it on over' to my real/live cash IGMarkets/NADEX account for now...
*may trade Spot Forex...maybe...but really small...
*probably more focus on the NADEX Binary products
Flat out, I simply believe I would be a better swing/position trader rather than scalper. The NADEX binaries are really fit for that. Either through the dailys or weeklys. It has been really, really hard for me to 'manage' the QUICK p&l immediate red - $$ amounts and I am jumping out of trades too early or too concerned of being thrown into overnight margin or...
NADEX binaries are great in that they are fixed loss amounts...can't lose more than the premium...unlike normal futures...
Crude Oil
Euro
Soybeans
Corn
DAX
...maybe FTSE and Gold?
...okay, go ahead and slam me etc etc...at least being honest and learning...learning more about perhaps the type of trader I am...
If you start another journals with binaries start it somewhere else do not post it on this thread, I will help people if they have question about nadex or binaries, but real questions not the way you ask them. I explained a lot baout nadex before but like stock piker said you do not even bother to read, your just trying to find the easy way out to trade. Binaries give you what seems like an easier way and I think yes it is less stressful but there are a lot of intriciacies about binaries and they way they are priced and they way they move you must understand. Traders whom understand options will have an easier time knowing the pricing structure
If you start another journals with binaries start it somewhere else do not post it on this thread, I will help people if they have question about nadex or binaries, but real questions not the way you ask them. I explained a lot baout nadex before but like stock piker said you do not even bother to read, your just trying to find the easy way out to trade. Binaries give you what seems like an easier way and I think yes it is less stressful but there are a lot of intriciacies about binaries and they way they are priced and they way they move you must understand. Traders whom understand options will have an easier time knowing the pricing structure... Well you obviously do not understand the nadex yet, the dailies are not so much a swing trade, you can max out expiration in a few minutes, again you need to learn to trade before you try anything, and the soybeans and corn are pretty hard on the binary side so have fun.
Rsikit...yea, sorry I do not know the proper terminology but...I was trying to say that binaries eliminate the immediate hyper 'going against you p&l' red reading...for me that is huge...takes pressure off while trading. I usually like to (via DEMO) sell far out binaries that are at about 15-30 of the 100 value...obviously considering that the market is going away from the entrance strike
Rsikit...yea, sorry I do not know the proper terminology but...I was trying to say that binaries eliminate the immediate hyper 'going against you p&l' red reading...for me that is huge...takes pressure off while trading. I usually like to (via DEMO) sell far out binaries that are at about 15-30 of the 100 value...obviously considering that the market is going away from the entrance strike
Thats exactly the bad behavior of binary options plays that gives binaries a bad name or makes people lose money when they could be making. Dont try and sell an option out of the money thats far away its a high risk low reward strategy, stick to learning to trade and incorporate the binaries into a clear concise trading strategy
Thats exactly the bad behavior of binary options plays that gives binaries a bad name or makes people lose money when they could be making. Dont try and sell an option out of the money thats far away its a high risk low reward strategy, stick to learning to trade and incorporate the binaries into a clear concise trading strategy
thanks...so you are saying, treat like normal trade but...only difference is limited risk
