Binary Options Trading

[JasonM]

Well, after reading about how much of a scam it is and not to waste any time or money messing with it.. I did a little research and settled on a place to do the trades and came up with a strategy. If you like to gamble this stuff is prob not for you. or actually, may be what you have been looking for in life. I have tried all the different options for trading and there is only 1 way that I was able to reasonably and consistently make money. I started with $250 and within 1 day made 40% on my money. It takes a lot of time and discipline to not take a gamble, but I see this as a pretty fun way to make a little money without having to wait for the gamble to pay off like stocks. Just thought I would pass along my finding so far. BTW. The ladder trading is what I focus on to keep building my account up. Take on low % returns and they build up with lower risk. I have lost a few times, but win 95% of the time. I have proven to myself 2 times that I need to stick with the ladder trades. Every time I get up on funds, I start feeling lucky and blow my winnings on the other options which entice you with up to 70% return on your money within 30 seconds. Which is pretty cool if you have good luck. I obviously don't. I also have not done a withdraw, so I do hope the place is legit. I signed up with finpari.

 

[deonb]

Why not just trade real options? Legit, proven and as high or low risk, and as fast or slow as you want. I never understood the alure of binary options.

 

[Art VanDelay]

Binary options - come on ! Why not just play blackjack - it has better odds. I use real options all the time - mostly as a seller of them and not a buyer. Binary options are for people with ADHD.

 

[JasonM]

Why not just trade real options? Legit, proven and as high or low risk, and as fast or slow as you want. I never understood the alure of binary options.

Can you do the same thing as binary Options? Is there Ladder trading? I don't know crap about that stuff. I like that you can mostly guess correct if you just estimate where the charts will be based on the past few hours/minutes. i like that I don't need to know much about the stuff to have fun with it.

Binary options - come on ! Why not just play blackjack - it has better odds. I use real options all the time - mostly as a seller of them and not a buyer. Binary options are for people with ADHD.

Not my odds at blackjack. I am no good at blackjack. I can totally see how this stuff would suck in an ADHD person.

I am not saying this is making me some type of pro stock trader. I just thought it was fun and was passing along what I have found so far. Take it for what it is worth.

 

[deonb]

Can you do the same thing as binary Options? Is there Ladder trading? I don't know crap about that stuff. I like that you can mostly guess correct if you just estimate where the charts will be based on the past few hours/minutes. i like that I don't need to know much about the stuff to have fun with it.

Yes, you have plenty of option strategies including ladders. (e.g. Short ITM + LONG ATM + LONG OTM forms a short call ladder). Though I don't think that's quite what you're talking about...

I think a binary option ladder is effectively just the equivalent to purchasing a few contracts, and immediately issuing a set of limit sell order across different prices.

You don't need to know much about real options to have fun with it. Start with buying calls and work up from there. The nice thing is that you can just buy them and hold on for 2 or 3 years, or you can trade them minute by minute.

There's definitely a lot of fun following an option that doubles / halves in price every couple of minutes and trading on it. It's pure gambling if you do that though, and I would not advise doing that with more money than you would be willing to lose in a casino.

 

[Let'sgoflying!]

I started with $250 and within 1 day made 40% on my money.

I would like to see what results you have after a lengthy period of time doing this. I can't help but think if you have only done this short term, it is not representative of how it will turn out over time. Report back!

 

[airdale]

... I have lost a few times, but win 95% of the time. ... Every time I get up on funds, I start feeling lucky and blow my winnings ...

I remember reading a summary of a study of day traders. The ones that had good luck early in their efforts were the ones that ended up losing the most in the end.

What people don't realize is that even a monkey flipping coins will have a run of six or seven heads once in a while. That isn't evidence of a talented monkey; it is just evidence of a lucky monkey. It also doesn't change the probability that the monkey's next flip will be heads. It is still 50%.

 

[JasonM]

Yes, you have plenty of option strategies including ladders. (e.g. Short ITM + LONG ATM + LONG OTM forms a short call ladder). Though I don't think that's quite what you're talking about...

I think a binary option ladder is effectively just the equivalent to purchasing a few contracts, and immediately issuing a set of limit sell order across different prices.

You don't need to know much about real options to have fun with it. Start with buying calls and work up from there. The nice thing is that you can just buy them and hold on for 2 or 3 years, or you can trade them minute by minute.

There's definitely a lot of fun following an option that doubles / halves in price every couple of minutes and trading on it. It's pure gambling if you do that though, and I would not advise doing that with more money than you would be willing to lose in a casino.

Thanks for the info. I dont feel I know enough about the stock market to do that type of trading. This stuff seems to give me a better chance by looking at the trends. I guess time will tell..

I would like to see what results you have after a lengthy period of time doing this. I can't help but think if you have only done this short term, it is not representative of how it will turn out over time. Report back!

Ended up today +12.23% on my money. Had 1 bite me early on out of 32 trades(or whatever they are called). took me a bit to recover my loss, but ended up on a positive note.

I remember reading a summary of a study of day traders. The ones that had good luck early in their efforts were the ones that ended up losing the most in the end.

What people don't realize is that even a monkey flipping coins will have a run of six or seven heads once in a while. That isn't evidence of a talented monkey; it is just evidence of a lucky monkey. It also doesn't change the probability that the monkey's next flip will be heads. It is still 50%.

I am not claiming to be a talented monkey by any means but the odds on what I am doing are way better than 50% odds. I don't know if I am having good luck or proving a method, but it seems to be working out in my favor. We shall see.

 

[jesse]

I signed up with Finpari and tossed half an AMU their way. I made 7 percent off a bunch of 60 second options I lost and won at.

It felt a lot like blackjack. Problem is they didn't give me free booze and there's no pretty dealers.

I'm going to take my winnings and run. I'd rather just goto a casino and play poker if I want to lose money...which is exactly what will happen if I keep playing this game.

 

[JasonM]

I signed up with Finpari and tossed half an AMU their way. I made 7 percent off a bunch of 60 second options I lost and won at.

It felt a lot like blackjack. Problem is they didn't give me free booze and there's no pretty dealers.

I'm going to take my winnings and run. I'd rather just goto a casino and play poker if I want to lose money...which is exactly what will happen if I keep playing this game.

Yeah, I don't think that will work.. I think the only way to have the odds in your favor is to stick to the ladder trading or know what the hell the stocks and commodity's are going to do. i lose my a$$ very fast doing anything else on that website. Its slow earnings and small winnings for sure, but it has been successful so far. I watch the the way it is trending and try to be very conservative on the trades. I like to select the highest or lowest if possible from the way it is trending. Doing just $25 at a time it is slow return, but shockingly successful. In the end, you are putting a lot of money on the line for little return, but it keeps adding up $.50-$5 at a time. Right now with $25 trades, the returns hardly are worth the time invested, however.. If it pans out over the next week, I will be stepping up the trade amount, but for now the thought of losing and earning back $25 isn't too bad and I am seeing if I can come up with a solid plan of attack.

Do me a favor please. If you do withdraw your money, Let me know if you receive it and how long it takes. That is my biggest concern is knowing the company is legit.

 

[jesse]

Yeah, I don't think that will work.. I think the only way to have the odds in your favor is to stick to the ladder trading or know what the hell the stocks and commodity's are going to do. i lose my a$$ very fast doing anything else on that website. Its slow earnings and small winnings for sure, but it has been successful so far. I watch the the way it is trending and try to be very conservative on the trades. I like to select the highest or lowest if possible from the way it is trending. Doing just $25 at a time it is slow return, but shockingly successful. In the end, you are putting a lot of money on the line for little return, but it keeps adding up $.50-$5 at a time. Right now with $25 trades, the returns hardly are worth the time invested, however.. If it pans out over the next week, I will be stepping up the trade amount, but for now the thought of losing and earning back $25 isn't too bad and I am seeing if I can come up with a solid plan of attack.

Do me a favor please. If you do withdraw your money, Let me know if you receive it and how long it takes. That is my biggest concern is knowing the company is legit.

Can't withdraw my money it looks like, lol, because I took their "bonus" which requires I have a 300% turnover. Guess I'll do some more clicking on Monday to get to 300% and we'll see if they give me money.

I currently have about a 150 percent turnover.

 

[JasonM]

Can't withdraw my money it looks like, lol, because I took their "bonus" which requires I have a 300% turnover. Guess I'll do some more clicking on Monday to get to 300% and we'll see if they give me money.

I currently have about a 150 percent turnover.

Then, give my method a try when the ladder trading opens back up. Keep a log and keep yourself from wanting the quick buck with the big % returns and let me know your results. I try to get a 5%+/- return if possible, but have done many below that. I honestly have been keeping track of them all and 1 loss in 32 was my worst day so far. I actually caused the loss I got too. I thought for sure it was going to go below my bottom limit so I quickly bought the downside with a 110% return to be what I have doubed a "safety buy". Figuring if I am going to lose $25, I may as well risk possibly winning more if it goes one way and hopefully I can earn it back. so there is a strategy I thought of that could cover your a$$ if you see it diving or climbing really fast or near your limit. I have only been at it for 3 days. it just stinks when you do lose because you risk so much for so little, but the fact that it works most of the time has allowed me to get it back and still come out on top. I am still skeptical for sure but still holding out hope that maybe I am on to something.

 

[jesse]

Then, give my method a try when the ladder trading opens back up. Keep a log and keep yourself from wanting the quick buck with the big % returns and let me know your results. I try to get a 5%+/- return if possible, but have done many below that. I honestly have been keeping track of them all and 1 loss in 32 was my worst day so far. I actually caused the loss I got too. I thought for sure it was going to go below my bottom limit so I quickly bought the downside with a 110% return to be what I have doubed a "safety buy". Figuring if I am going to lose $25, I may as well risk possibly winning more if it goes one way and hopefully I can earn it back. so there is a strategy I thought of that could cover your a$$ if you see it diving or climbing really fast or near your limit. I have only been at it for 3 days. it just stinks when you do lose because you risk so much for so little, but the fact that it works most of the time has allowed me to get it back and still come out on top. I am still skeptical for sure but still holding out hope that maybe I am on to something.

Not anywhere near close to where I need to be as far as required turnover yet...but so far I've generated a 206% return on top of my original investment.

I seriously doubt I'll be able to get my money back from them..most likely because I'll end up losing it all before I get enough turnover. We'll see.

Or because it's just all a big scam, which is the most likely thing, considering how I've generated a 206% return with little to no effort. I'll believe it if I ever see the money...lol

 

[mtuomi]

Blackjack is actually the only game where you are pretty much guaranteed to win, as long as you play with discipline.

 

[JasonM]

Not anywhere near close to where I need to be as far as required turnover yet...but so far I've generated a 206% return on top of my original investment.

I seriously doubt I'll be able to get my money back from them..most likely because I'll end up losing it all before I get enough turnover. We'll see.

Or because it's just all a big scam, which is the most likely thing, considering how I've generated a 206% return with little to no effort. I'll believe it if I ever see the money...lol

Wow 206%! Is that in the Ladder Trades? You must have been on a good roll and putting down some bigger $$ per trade!! I also hope it is legit with the paying the withdraws. I was up 25% today then go hosed on my last 2 trades. Dang charts when crazy and spiked last 2 minutes. Ended up 2% though.

 

[jesse]

Wow 206%! Is that in the Ladder Trades? You must have been on a good roll and putting down some bigger $$ per trade!! I also hope it is legit with the paying the withdraws. I was up 25% today then go hosed on my last 2 trades. Dang charts when crazy and spiked last 2 minutes. Ended up 2% though.

Ladder trades. I got bit a bit after I wrote that and lost five percent or so.

I just did lots and lots of orders around 10 percent and faired pretty well. Tried to spread my risk out. Sometimes I would jump on something around 20 or 30 percent towards the end. I've noticed you really have to try and grab the best return at the bracket of the ladder you're targeting. It swings around an awful lot.

 

[dans2992]

I've never heard of this, but it sounds a bit sketchy.

Is there a specific website you guys are using?


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[jesse]

I've never heard of this, but it sounds a bit sketchy.

Is there a specific website you guys are using?


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Finpari but if I were going to do it again I'd fine a broker with a little better reputation. Neither of us have any idea if we'll actually be able to get our money out.

 

[deonb]

Blackjack is actually the only game where you are pretty much guaranteed to win, as long as you play with discipline.

I love playing blackjack, but you're not guaranteed to win by any means. The odds are in the house favor anywhere between 0.1% and 3%.

Also, there isn't a single game of blackjack - there can be variances in the number of decks used, rules on how aces are treated, split, double, hole vs. non-hole card etc. All of them alters the odds in the favor of the casino.

It's theoretically possible for a casino to offer something like a single deck game with the ability to split aces, and then odds can be in your favor. But no casino offers this in practice unless they're bored sometimes and do it on a small denomination table.

On the typical 4 or 6 deck table you can do a double-counter card counting strategy if you want, and you won't be able to beat the house in the long term.

Doesn't matter to me - I still love playing it. Go in with $1000, 49% of the time I walk out with $2000, 51% of the time I walk out with nothing. So on average over the long term I lose $20 per night. Small price to pay for a couple of hours of fun with free drinks on the side.

 

[mtuomi]

I love playing blackjack, but you're not guaranteed to win by any means. The odds are in the house favor anywhere between 0.1% and 3%.

Also, there isn't a single game of blackjack - there can be variances in the number of decks used, rules on how aces are treated, split, double, hole vs. non-hole card etc. All of them alters the odds in the favor of the casino.

It's theoretically possible for a casino to offer something like a single deck game with the ability to split aces, and then odds can be in your favor. But no casino offers this in practice unless they're bored sometimes and do it on a small denomination table.

On the typical 4 or 6 deck table you can do a double-counter card counting strategy if you want, and you won't be able to beat the house in the long term.

Doesn't matter to me - I still love playing it. Go in with $1000, 49% of the time I walk out with $2000, 51% of the time I walk out with nothing. So on average over the long term I lose $20 per night. Small price to pay for a couple of hours of fun with free drinks on the side.

Guaranteed to win maybe was a strong statement

What I do if I want to get smashed on casinos dime for "free", I find a table with low minimum and high max bet, and start on the lowest bet. I never draw a card on anything I can go over with, I never split/double, and every time I lose I double the previous bet.
Every time I win, I go back to the lowest bet.

This way you only need the dealer to go over 21 or you to get a blackjack every 11 or so rounds to stay alive.

 

[jesse]

Guaranteed to win maybe was a strong statement

What I do if I want to get smashed on casinos dime for "free", I find a table with low minimum and high max bet, and start on the lowest bet. I never draw a card on anything I can go over with, I never split/double, and every time I lose I double the previous bet.
Every time I win, I go back to the lowest bet.

This way you only need the dealer to go over 21 or you to get a blackjack every 11 or so rounds to stay alive.

That technique is really hurting your odds.

 

[jesse]

Wow 206%! Is that in the Ladder Trades? You must have been on a good roll and putting down some bigger $$ per trade!! I also hope it is legit with the paying the withdraws. I was up 25% today then go hosed on my last 2 trades. Dang charts when crazy and spiked last 2 minutes. Ended up 2% though.

232% now. My usual method looks something like this: