whitethings
Newbie
- Jan 11, 2018
- 26
- 16
Are trading threads allowed? I sure hope so. If not, any mods, please feel free to delete this. To be clear, I'm not selling anything. No signals, no system. This is just me and my journey with the charts. This will probably end up more like a journal than anything.
A little bit of background. I've started trading binary options in late may. I joined signal groups thinking they'd make me quick money. Instead, I lost over 15k. It was crazy. I went through emotional waves and depression. Definitely not fun. I also started trading myself during all of this and a lot of the time it ended up with me making back what I lost due to crappy signals from paid groups. I was a newbie so my mindset was that signal groups were still better than me trading on my own. A veteran trader on twitter told me to stop using signals and to try trading myself so I did exactly that since Oct. 1.
Since then, I've made 700,000 yen which would roughly be about 6800 dollars I guess? $3000 was made from an automatic system I bought just a few weeks back. Again, not selling this. In fact, I can't even use this anymore because I found out yesterday that the broker was banning accounts using auto-trading. Kinda pissed because it cost 4k :/ So now I'm completely on my own. That said, I still managed to make 4000 on my own in... 15 days now? You need enough money for this though. I started with 5000 in my account.
So, besides from quitting signal groups, I try super hard to focus on money management. I really really struggle with it. My goal is to withdraw money daily! Daily! This is so important. As of now, I've had one day in both weeks where I couldn't withdraw money due to losses. But other than those days, I've been making roughly around 200 ~ 300 daily. Some days 500 ~ 700. Depends on the market and the news on that day.
I'm not a professional. I'm still very new to all of this and everyday is a learning process. I've made... so many mistakes due to emotion and greed and being desperate. I like to think I kinda learned my lesson on emotional trading by now. lol. If anyone is, however, interested in trading, I don't mind sharing a few tips!
A little bit of background. I've started trading binary options in late may. I joined signal groups thinking they'd make me quick money. Instead, I lost over 15k. It was crazy. I went through emotional waves and depression. Definitely not fun. I also started trading myself during all of this and a lot of the time it ended up with me making back what I lost due to crappy signals from paid groups. I was a newbie so my mindset was that signal groups were still better than me trading on my own. A veteran trader on twitter told me to stop using signals and to try trading myself so I did exactly that since Oct. 1.
Since then, I've made 700,000 yen which would roughly be about 6800 dollars I guess? $3000 was made from an automatic system I bought just a few weeks back. Again, not selling this. In fact, I can't even use this anymore because I found out yesterday that the broker was banning accounts using auto-trading. Kinda pissed because it cost 4k :/ So now I'm completely on my own. That said, I still managed to make 4000 on my own in... 15 days now? You need enough money for this though. I started with 5000 in my account.
So, besides from quitting signal groups, I try super hard to focus on money management. I really really struggle with it. My goal is to withdraw money daily! Daily! This is so important. As of now, I've had one day in both weeks where I couldn't withdraw money due to losses. But other than those days, I've been making roughly around 200 ~ 300 daily. Some days 500 ~ 700. Depends on the market and the news on that day.
I'm not a professional. I'm still very new to all of this and everyday is a learning process. I've made... so many mistakes due to emotion and greed and being desperate. I like to think I kinda learned my lesson on emotional trading by now. lol. If anyone is, however, interested in trading, I don't mind sharing a few tips!
