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  1. #1
    Rookie Member voodoolamb's Avatar

    Hello! So happy to have found you! !!!

    Hi! I just wanted to introduce myself.

    I've been interested in trading since I was 19. I started trading stocks in 2007 and did well (Considering I was a self taught kid and whatnot) I even managed to keep my head above water during the 2008 collapse. Unfortunately life happened and I needed to withdraw all my capital and get out of the stock game for a while.

    I started with binary options about a year ago. I found a "guru" on youtube who seemed so legit (Hindsight sarcasm here) he recommended a "signal service" reviews of this service seemed great. I'm sure you see where this is going. My first account was wiped out. Not to be deterred I started studying and opened a second account (with a broker that had a much lower minimum investment amount). I worked my own strategies and mostly broke even. Found a few that seemed to work for me and started to profit. Doubled my initial investment in about a month's time once I found my groove.

    Well, I was a bit of an idiot. I kept following the "guru" on youtube. I learned a bit from him. He seemed to hate scammers and was dead set on taking them down. This "guru" came out with his own signal service. So I went ahead and opened another account with a broker he recommended to access his signals. Well the signals sucked.I ended up wiping out my second account. But of course all the comments on youtube and the posts on another forum said how fantastic they were. So I emailed the guy and well the problem was with the expiry times of my broker, but don't worry because a new auto trader was coming out that would eliminate that issue. Of course I had to sign up with yet another broker

    Well the auto trader left me with less then $20 in my broker account. The broker that was previously recommended by the guy has withdraw issues. Then I was banned from the pimp forum for posting on a feedback thread about the services that I personally was not profitable with them. So eye opener. I was fleeced. But that's ok because it led me to finding BOTS!

    I rerouted the dude's signals to my spam folder and went back to my old strategy this week. I am happy to say that I turned my 20 bucks in the account back into a 3 digit number. If this broker doesn't turn out to be a scam like the other one I may even be able to recoup the investment I made. Either way it's at least good practice until I find a legit broker.

    So I'm pretty pumped. Kinda sad the week is almost over already. I have been reading old posts here and have learned so much. I wanted to say hi and above that say a huge THANK YOU! to this community!!!

  2. #2
    Legendry Member Okane's Avatar
    Hello voodoolamb!
    I'm glad you shared your experienced about this "Guru" and
    I have a pretty good idea who you are talking about.
    Many newbies have mentioned him or similar gurus lately and
    it's always difficult to convince them that these people are
    just good marketers and not the real deal..

    Stay with us and practice I think you'll do just fine
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  3. #3
    Moderator Kolyo's Avatar
    Welcome here voodoolamb!

    Great introduction! I hope you will find friends here and a lot of useful and interesting stuff. It is good that you know now that working on your own trading style and strategy is much more valuable than blindly following a signal service or so called “gurus”. Our community dedicates all our efforts to help each other to grow and to achieve better results. This won’t be able to happen without all of you, passionate binary traders!

    Wish you nice time here and a lot of fun
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  4. #4
    Administrator Martin Kay's Avatar
    Glad to have you around. No harm but was this guy's name is Michael Freeman?
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  5. #5
    Specialist Member runneroption's Avatar
    Hello to you! It seems like you are really passionate about trading. Most people quit after they lose some money and you’ve survived a few cataclysms! Don’t worry, you are experienced already and now when you know not to trust signal providers, you will do much greater. Binary Options are not too hard and they can be mastered on your own means. Still, this forum is very helpful too.

  6. #6
    Legendry Member willyw's Avatar
    Hi voodoolamb, glad to have you here. Hope you can pick up more knowledge on BOTS and be a successful trader and eventually a pro!!!!

  7. #7
    Legendry Member Michael Hodges's Avatar
    Sad but true, lots of traders allow scammers to put on a spell on them, good thing you have your own black magic VoodooLamb, I would stick to that. sounds like you are on a decent track. Want to clue us in to how you are trading?

  8. #8
    Moderator Kolyo's Avatar
    Why don’t you join our new Members War Room: Trading Tips, Diaries and Financial News?
    There you can make your own trading journal and contribute to the community with your personal views and entries. This can have tremendous effect on your performance and knowledge!
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  9. #9
    Rookie Member voodoolamb's Avatar
    Quote Originally Posted by Martin Kay View Post
    Glad to have you around. No harm but was this guy's name is Michael Freeman?
    Yes. Yes it was.

  10. #10
    Rookie Member voodoolamb's Avatar
    Quote Originally Posted by Michael Hodges View Post
    Sad but true, lots of traders allow scammers to put on a spell on them, good thing you have your own black magic VoodooLamb, I would stick to that. sounds like you are on a decent track. Want to clue us in to how you are trading?
    Thanks! This response made me smile The strategy I am using is very similar to the strategy discussed on the strategy board under the title "Bollinger Bands and ADX, with 120 sec expiry" (sorry can't post links yet!) except I do not use the ADX. Though I am playing around with it now. I generally end up with about a 70% ITM rate using this strategy trading the EUR/USD and USD/CHF during the New York session.

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