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-   -   The $20 Dollars a Day Methodology using Nadex products (https://www.forexfactory.com/showthread.php?t=928366)

FxRetro Jul 2, 2019 11:23am | Post# 41

{quote} the strategy is to open a Nadex account
I dont get any benefit from that Bro!

FxRetro Jul 2, 2019 11:25am | Post# 42

You can show winner after winner. But, like I said, if your avg win rate drops below 70% long-term, your account will eventually be wiped out. Is Nadex still doing that nice little trick where, if you're in-the-money within the last minute, the bid/ask go crazy and you can have a winner up until expiration but if you try get out, you'll take a loss? You know why that happens? It's because the market makers run the show and when they're not supporting price, you can't get out of the trade early close to expiration. All options are designed by complex...
I understand what you mean Bro... I have traded Futures too and they are pretty cool to trade.
This thread it is just to show a different formula, that's all.

FxRetro Jul 2, 2019 5:06pm | Post# 43

Today I did couple of trades; ITM, OTM & ATM on Forex, Crude Oil and Nasdaq, some lost other won. I believe, those are enough trades as examples. Counting winners and losers, the equity increased by $9.75.
Out of the Money:
Buy UsdCad for 31.25 – Manually closed with 19.75-2 = -$13.75. In the image you see that it was in profit at some point, but I didn’t take it. So, the trade itself was good. It was my fail.

At the Money:
Sell Crude Oil for 48 – Close at 26 = +$20
Sell Nasdaq for 49.50 – Manually closed at 73.75 -2 = -$26.25

In the Money:
Sell UsdChf for 31.75 – Closed at expiration for full paid out 100; so, 31.75-2 = +$29.75

Total Winners $49.75 – Total Losers $40.00 = +$9.75 Profit. Not too much but the equity still growing. That’s what matter to me.

So, I won’t post every day. I will do it weekly.

FxRetro Jul 2, 2019 5:09pm | Post# 44

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FxRetro Jul 2, 2019 5:10pm | Post# 45

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FxRetro Jul 2, 2019 5:12pm | Post# 46

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FxRetro Jul 5, 2019 2:35pm | Post# 47

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Last day of the week. Trade on UsdCad after the news about NFP came out. Bought ATM strike for 52.50 x 5 contracts, TP +22= $100 profit. Max risk 54.5 (+2 in commissions) x 5= $272.50 === Return 36.70%.
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FxRetro Jul 5, 2019 2:55pm | Post# 48

This is a list of "average wages" from some countries. For those countries that can be members of this exchange, look at it and ask your self if Can you achieve the same amount trading y your self? This will help you to set up a trading plan to make your own "Salary/Wage" ad achieve your freedom.

https://en.wikipedia.org/wiki/List_o...y_average_wage

Doomseeker Jul 12, 2019 3:34pm | Post# 49

I am still somewhat awkward to obtain some new information about something like your own variant of binary options anyway, it's too hard to understand for me eithier, so I trully hope it will work out over time. I also see that you are trading from the phone, from the mobile, is it that way or not ? Does it safe to do what you are doing from some sort of mobile access or no ? Cause I see on Elitetrader.com lots of posts that it's simply impossible to do anyway. Thanks for doing so

FxRetro Jul 21, 2019 1:05pm | Post# 50

I am still somewhat awkward to obtain some new information about something like your own variant of binary options anyway, it's too hard to understand for me eithier, so I trully hope it will work out over time. I also see that you are trading from the phone, from the mobile, is it that way or not ? Does it safe to do what you are doing from some sort of mobile access or no ? Cause I see on Elitetrader.com lots of posts that it's simply impossible to do anyway. Thanks for doing so
On the phone is very inconvenient. I did it because my pc sucks :-p. But I don't recommend to trade on the phone.

When we trade cash our equity goes down faster than with margin, because we get a debit immediately on our balance. That is a negative part of trading with nadex.

This thread is about making a salary out of trading. It could be forex, cfd, futures, stocks or options... If we get used to make only $20 a day, over time we can achieve the salary of any other 40 hours job. We just have to plan it. When we star trading, we are thinking about making thousands or millions. Instead of just focus on achieving the same salary that we might be doing on our current jobs in order to get freedom from it. That is the approach.

Im using the example on Binary options from Nadex because they are very simple and we don't need a huge balance. In Binary we just need an small move to win or lose. When we do trend trading or even momentum retracements of high volatility, those binaries move very fast. When we do forex, stocks or futures, We have to wait for the same setups to get at the beginning of the trend or retracement because we have to get as many pips as possible.

Lets use the EuroDollar as example. To achieve only $100 as profit: 1) With 0.1 lot we need a move of 100 pips, 2) With 1.0 lot, we need a move of 10 pips; A leverage 500:1 give us a margin of $230 for 1.0 lot, plus $4 to $7 commission, plus 0.1 spread on ECN, plus at least 10 pips stop lose. Our cost is around $330. With the binaries, if we take an ATM for $55, 5 contracts = $275 plus $10 commissions, our cost is $285 and we just need a profit $20 x 5 contracts to equal $100 and EurUsd just have to move 2 or 3 pips depending on the expiration of the binary.

FxRetro Aug 13, 2019 10:26am | Post# 51

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Will post some more trades as example. And to show the simplicity and advantages of the Binaries. Those who doesn't like it is their choice to don't like it :-p.
Slowly is possible to achieve your own salary by just making $20 daily and knowing your risk.

AUDUSD trade.
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