Monday, October 1, 2012

Bad first day of trading - went from $5 to $3.60

WINNING%: 14-11
MARKETSWORLD ACCOUNT: $3.60


In Binary Option, with good money management, all you need is a 55% winning record to be profitable which I easily accomplished during my first day of documenting my trading career...,,BUT I still managed to lose money!!

I started by depositing $5 yesterday, and traded the tail end of the Asian market..went to bed and woke up at around 4am to place a few trade during the European market session...and then traded the entire U.S market which is the best market to trade because of high volume which creates better trends.

SO after the first day, my account ended at $3.60..I placed 25 trades..14 wins and 11 lost...That should had been enough for a small profit but my money management was not good..I started trading $1-$2 per trade and was winning...BUT then got greedy and increased my stake and lost (2) $7 and $8 trades

At one point, I had $17 on my account but those 2 big trades killed my account balanced.

I may trade the opening of the Asian market tonight which starts at 8:00PM but will keep my trades low for that session because trends aren't so good.

Anyway, below is the picture of my account balance and the 25 trades I took.
Click on the picture to enlarge and get a better look.


The picture below is of my 25 trades..As you can see, I won 14 out of 25 which a bit above 55%.
Click on the picture to enlarge and get a better look.



         Placed           Asset        Strike Price    Type     Exp Price         Expiry             Stake   Profit %  Payout    Status
Oct 01, 16:08:09  EUR/USD       1.28906   Higher/Call   1.28913    Oct 01,   16:15:00     $1.00     85%      $1.85     ITM / WON
Oct 01, 15:46:38  DOW JONES 13504.65 Lower/Put    13513.12    Oct 01,   16:00:00     $8.00   92%       $15.36   OTM / LOST
Oct 01, 15:41:59  DOW JONES 13520.12  Higher/Call  13513.12    Oct 01,   16:00:00     $7.00   92%        $13.44    OTM / LOST
Oct 01, 15:10:25  DOW JONES 13536.42  Lower/Put  13509.20    Oct 01,   15:30:00      $3.00   92%        $5.76      ITM / WON
Oct 01, 15:06:24  DOW JONES 13539.16  Lower/Put  13509.20    Oct 01,   15:30:00     $4.00    92%        $7.68      ITM / WON
Oct 01, 14:54:34  AUD/USD      1.03780    Lower/Put   1.03594    Oct 01,    15:30:00     $2.00    87%        $3.74      ITM / WON
Oct 01, 14:54:00  AUD/USD     1.03784    Higher/Call   1.03594    Oct 01,   15:30:00      $1.50    87%        $2.80     OTM / LOST
Oct 01, 11:16:08  AUD/USD     1.03874    Higher/Call   1.03898    Oct 01,   11:25:00      $1.00    87%        $1.87     ITM / WON
Oct 01, 11:15:34  AUD/USD    1.03876    Higher/Call   1.03730    Oct 01,   12:00:00       $1.00    87%        $1.87     OTM / LOST
Oct 01, 11:10:26  AUD/USD    1.03865    Higher/Call   1.03895    Oct 01,   11:30:00       $3.00    87%        $5.61     TM / WON
Oct 01, 11:03:49  AUD/USD    1.03850    Lower/Put   1.03895     Oct 01,    11:30:00     $2.00    87%        $3.74      OTM / LOST
Oct 01, 10:42:18  AUD/USD    1.03753    Lower/Put   1.03734     Oct 01,    10:50:00     $1.50    87%        $2.80     ITM / WON
Oct 01, 07:22:19  EUR/USD    1.28870    Lower/Put    1.28825      Oct 01,   08:00:00     $1.00    85%        $1.85     ITM / WON
Oct 01, 06:28:13  AUD/USD    1.03685    Lower/Put   1.03680     Oct 01,   07:00:00      $2.00    87%        $3.74     ITM / WON
Oct 01, 06:09:16  EUR/USD    1.28980    Lower/Put    1.28957     Oct 01,   06:15:00     $1.00    85%          $1.85     ITM / WON
Oct 01, 05:51:15  EUR/USD    1.29058    Lower/Put    1.28995     Oct 01,   06:00:00     $1.00    85%          $1.85     ITM / WON
Oct 01, 04:46:16  EUR/USD    1.28860    Lower/Put    1.29006     Oct 01,   05:30:00    $1.91    85%          $3.53    OTM / LOST
Oct 01, 02:58:45  EUR/USD    1.28402    Lower/Put    1.28646     Oct 01,   03:30:00    $1.00    85%          $1.85    OTM / LOST
Oct 01, 01:28:20  EUR/USD    1.28270    Lower/Put   1.28253     Oct 01,   01:35:00    $1.00     85%          $1.85    ITM / WON
Oct 01, 01:00:33  EUR/USD    1.28213    Lower/Put   1.28271     Oct 01,   01:30:00    $1.00     85%          $1.85    OTM / LOST
Oct 01, 00:39:17  EUR/USD    1.28229    Lower/Put   1.28220     Oct 01,   01:00:00    $1.00     85%          $1.85     ITM / WON
Oct 01, 00:22:14  EUR/USD    1.28210    Lower/Put   1.28228     Oct 01,   00:30:00    $2.00     85%          $3.70    OTM / LOST
Oct 01, 00:06:33  AUD/USD    1.03355    Lower/Put   1.03402    Oct 01,   00:15:00    $1.00     87%          $1.87    OTM / LOST
Sep 30, 23:04:02  AUD/USD    1.03354    Lower/Put   1.03374    Sep 30,   23:10:00    $1.00     87%          $1.87    OTM / LOST
Sep 30, 22:43:58  AUD/USD    1.03310    Higher/Call   1.03406   Sep 30,  23:00:00     $1.50     87%          $2.80     ITM / WON



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