Page 2 of 11 FirstFirst 1234 ... LastLast
Results 11 to 20 of 102
  1. #11
    Master Member SeasaltMcFish's Avatar
    Agree with Marc here. There will always be situations you can't predict. Only long time testing will show if these kind of events have too much influence on your results. This would take years and thus make trading according to your system impossible. Too many other things may change before you start trading live.

  2. #12
    Specialist Member pinoyoptions's Avatar
    Quote Originally Posted by TAllen1429 View Post
    To be more specific, my proposed definitions are as following:

    You are TRADING binary options if you are using a strategy, that enables you to identify the reasons for why your trades finish either ITM or OTM, so that you can correct or enhance it.

    You are GAMBLING on binary options if you have no idea why your trades are winning or losing and consequently are totally unable to improve your strategy.

    I just think that some good definitions may prevent novices shooting off on the wrong track as so many seem to do, including those who post on BOTS.
    Nice Topic sir Tallen,

    The gambler can be a trader... Trader can be a Gambler, for me it's a never ending issue. The only thing I know is that every trader is accountable in his/her own decision.

  3. #13
    Legendry Member milos's Avatar
    I started binary options trading in 60 seconds. It's pure gambling. Later I used time frame 15 minute. I am interested in longer time frame in the future.Time frame from one hour to four hours or more.Even a day or a week.

    Beginner traders wanted to make money short term. So they decided to trade 60 seconds or two minutes. I only can say beginner traders are gamblers even they did not aware. Senior traders mixed longer time frame,charts and strategies. They had been based their trading strategy by experience and knowledge.

    Binary options trading is not gambling, it's one big science.

  4. #14
    Specialist Member TAllen1429's Avatar
    Thanks for all your replies.

    I am not suggesting that it is possible to analyze every influence that impacts a binary option trade. I certainly do not think that achieving a 100% success or anything near that target is a viable possibility by any means.

    If I understand correctly, some of you are saying that you do not attempt to update your strategies at all following losses because the variables are too complex. If so, does this imply that you use your strategies in the original form without ever modifying them?

  5. #15
    Specialist Member marc's Avatar
    Quote Originally Posted by TAllen1429 View Post
    If so, does this imply that you use your strategies in the original form without ever modifying them?
    Of course not, well at least I try to find and correct weaknesses in my strategy ... but even if it may sound harsh: for me that's not the difference between "Gambler <-> Trader" but more the difference between "stupid <-> not stupid"


  6. #16
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by marc View Post
    Of course not, well at least I try to find and correct weaknesses in my strategy ... but even if it may sound harsh: for me that's not the difference between "Gambler <-> Trader" but more the difference between "stupid <-> not stupid"

    Understand now where you are coming. As I think that my trading method is somewhat different, not necessarily better, than others suggested in this thread maybe best just to abandon this subject and move on.

  7. #17
    Master Member SeasaltMcFish's Avatar
    I also update my strategy with short term changes, like in a day without any expected news. In that case, I lower my demands for an entry, to adapt to the market circumstances.

    I see the market as a kind of alive. However, the basics of my system stay the same, only the demands are adapting to the market situation. So there are short term changes, but I only change my complete strategy if certain events creates real losses more than one time.

  8. #18
    Specialist Member marc's Avatar
    Quote Originally Posted by TAllen1429 View Post
    Understand now where you are coming. As I think that my trading method is somewhat different, not necessarily better, than others suggested in this thread maybe best just to abandon this subject and move on.
    I certainly didn't want to kill that thread! ... and I would definitely like to hear more about your method ... from the infos and tips you write in various threads here, I suppose you are more a "Fundamentalist" trading long term ... and I am sure, that your success rate is a lot higher than mine ... so, I have no problem to learn somehing from you

  9. #19
    Junior Member
    Hi Terry! Very interesting thread.

    I am trading short to mid term trades and strictly follow my strategy, although I know there are many traders who don’t follow any particular strategy. I have a friend of mine who is great discretionary trader. He has no losing month for the last two years of trading and I don’t think he must be called gambler only for the reason he don’t follow a mechanical trading system.

  10. #20
    Specialist Member marvel's Avatar
    Really interesting subject!

    I agree that the traders could be separated in two main groups - mechanical traders and discretionary traders. Gamblers are something totally different. They don’t have plan at all. They risk based on their emotion and direct perception or some advices from somebody else. They are characterized with preference toward bigger risks and bigger profits. They do not protect their capital at all.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3