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  1. #1
    Junior Member

    simultaneously buy and sell - only when you can sell your option !!!

    Hey guys,

    What do you think of this idea.

    You buy and sell (put and call) any asset 20-30 minutes before expiry and you sell one of those positions after you are pretty certain that the other one wins?

    I got some good results today, but i guess the demo account on CommuniTraders is not set out for selling positions so I tested it on my life-account.

    In essence I offer 20-50% of my investment more to make sure that the position will win.

    Greetings,
    Stefan

  2. #2
    Legendry Member Okane's Avatar
    It's old news. There was even a scam site set up once using this as a "secret magic strategy" lol.
    Think we have discussed it in some other thread somewhere.
    But if it works for you in the long run then go ahead, let us know how you do after a few months.
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  3. #3
    Legendry Member Michael Hodges's Avatar
    the problem with that is it won't work for most binary options sites. Only NADEX and a very few others have options you can sell to open. If you try to buy a call and a put on the same asset a CySEC style broker won't honor it, its gaming the system, they don't like it. And besides, you'll end up a loser because no BO broker pays more than you put up for a trade, except NADEX, and excepting the touch/no touch weekly type of options.

  4. #4
    Junior Member
    I am using BancDeBinary, CySEC regulated.
    I can put and call and sell my option there.

    So you say it is illegal?

    Well, today went well, +10%

  5. #5
    Master Member SeasaltMcFish's Avatar
    As far as I remember, BdB allows only a few trades opened at the same time. Opening too many trades can lead to blocking your winnings.

    Maybe it changed there, but I'm glad I got my money out.

    After testing their platform, I never returned there.

  6. #6
    Junior Member
    well, I hope 4 positions are not to much, but is that in the T&C? I didn't see it but I didn't take time to read the whole document.
    What topic was that?

    As far as you are concerned, do you think what I'm doing is illegal?
    I'll read the whole T&C carefully tomorrow, I don't want to loose my money because of that

  7. #7
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Trader2016 View Post
    I am using BancDeBinary, CySEC regulated.
    I can put and call and sell my option there.

    So you say it is illegal?

    Well, today went well, +10%
    I didn't say anything was illegal, just that brokers don't like it when you try to play arbitrage on them, they figure that stuff out pretty quick and will use it against you ... say like they may not count those trades toward bonus turnover, or a really shady one might not honor the wins... I'm just saying, I'd hate to see you rack up some big bucks only to have them reneged on you.

  8. #8
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by SeasaltMcFish View Post
    As far as I remember, BdB allows only a few trades opened at the same time. Opening too many trades can lead to blocking your winnings.

    Maybe it changed there, but I'm glad I got my money out.

    After testing their platform, I never returned there.
    BDB may be regulated, but they still suck. They get warnings every month from some country or another where they try to circumvent laws and regulations, after this pay out they gave to the CFTC and others I can hardly believe they are still in business.

  9. #9
    Junior Member
    As long as BdB pays me when I want to make a withdrawal I'll be fine

    After two days I have to say this is ridiculously risky but I somehow make money with some luck.
    It's gambling, not trading.

  10. #10
    Specialist Member Million Dollar Baby's Avatar
    am I missing something.. How can you make money by "Put" and "Call" at the same time?. You cant be paid 100% or more. You loose one and you win the other.. Net result is always expected to be a loss.

    Or are you saying that you get more than 100% per win?

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