Wednesday, December 7, 2011

When to trade binary options against your own opinion

"If you seem to be trading many loosing trades in a row, pick the exact opposite of what you would have predicted and see if it is a reverse or fortune." -- from "Unintended crunch sequences of a binary options trader's diary"
Every time I hear a binary options trader cry, I don't know why
This might seem like second nature to old-hands of the financial markets, but to new investors the ability to go against your nature and against your best guess can be a very difficult action to take.  


Never underestimate the power of going against the grain. You can and should practice various techniques of trading when you invest in binary options, because only with experience will you come to understand the trend lines, the probabilities, and the likelihood that the assets you find most interesting may return their best results to you if and only if you invest in a counter-intuitive manner. 


Just like human behavior is unique to individuals and grouped by labels and definitions, so too is the group-vs-person behavior of the financial markets definable, especially to those who trade binary options all day, and are immersed in the study and practice of how to do it better.

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