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Nadex - Best binary options strategy?

  • Post #21
  • Quote
  • Edited 2:45pm Feb 16, 2018 1:45pm | Edited 2:45pm
Friday 2/16/18 -

Trades:
7 wins
10 expenses (loss)
1 break even
Total: $148 net loss

Notes:
Mentally i'm not doing well today, huge problem in my personal life last night I should have not traded this morning.

Going into my trading session this morning I was aware to be cautious, so I did start trading conservative and followed my rules.
I was up $92.5 in profit early in my session and was about to stop trading and call it a day because I noticed that I started feeling anxious and nervousness, BUT my greedy side just wanted to place one more trade to break the $100+ in profit and it went down hill from there. I lost my next trade and started revenge trading to make it back... the following trades from there were not in my trading strategy.
When I noticed I was down $148 I forced myself to close Nadex and ended my session before it got worse.

In reality, I understand and accept that I will have losing days and a $148 loss in not bad, It is within my daily draw down. It is just that fact that I placed revenge and random trades that made it a bad trading session.

Self ratings:
Performance - 65%
Discipline - 65%
Self Awareness - 70%
Results for week #2:


Note: all trades are placed with 1 contract.

Below is a screenshot of my log to track my daily results since I opened the account 2 weeks ago. I will post an update of this every Friday,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
I have always heard from successful traders that revenge trading and forcing trades never works... I am finally starting to personally see and experience it. It's one thing to hear about it and agree, but now that i'm seeing it in my own experience, I 100% relate and agree.

Now, my goal is to improve my subconscious and conscious trading and avoid that impulsiveness.
Monday 2/19/18 -

No trade session, market closed. (Bank holiday)
Tuesday 2/20/18 -

Trades:
6 wins
16 expenses (loss)
Total: $348.25 net loss

Notes:
Still forcing trades, entered several trades before my signal confirmed and I did not exit trades.

Not going to post screenshots of the history transactions because it is 6 pages long, and no proof needed when it was a negative day.

Self ratings:
Performance - 68%
Discipline - 55%
Self Awareness - 65%
Wednesday 2/21/18 -

Trades:
14 wins
9 expenses (loss)
Total: $156 net PROFIT

Notes:
Slightly adjusted strategy.
3 losing trades were caused by entering to early before signal was confirmed. Need to be patient.

Self ratings:
Performance - 70%
Discipline - 65%
Self Awareness - 65%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
Click to Enlarge Name: Screenshot2.png Size: 80 KB
Click to Enlarge Name: Screenshot3.png Size: 82 KB
Click to Enlarge Name: Screenshot4.png Size: 84 KB
Click to Enlarge Name: Screenshot5.png Size: 26 KB
  • Post #27
  • Quote
  • Edited 6:06pm Feb 22, 2018 5:51pm | Edited 6:06pm
Thursday 2/22/18 -

Trades:
18 wins
6 expenses (loss)
Total: $508.5 net PROFIT

Notes:
Followed direction and signal.

Self ratings:
Performance - 80%
Discipline - 75%
Self Awareness - 75%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB
Click to Enlarge Name: Screenshot2.png Size: 113 KB
Attached Image
Friday 2/23/18 -

No trading day, personal day off.
Results for week #3:


Note: all trades are placed with 1 contract.

Below is a screenshot of my log to track my daily results since I opened the account in the beginning of February. I post this update every Friday or Monday,

3 more day's till this month closes!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB
Posting my full results for monthly log of February on Nadex this Wednesday.

I'm going to be posting my results from this morning shortly...
Monday 2/26/18 -

Trades:
9 wins
4 expenses (loss)
Total: $239.50 net PROFIT

Notes:
Feeling more patient and comfortable. Waiting for set up and entered on signal, did not force trades.

Self ratings:
Performance - 85%
Discipline - 78%
Self Awareness - 80%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
Click to Enlarge Name: Screenshot2.png Size: 84 KB
Click to Enlarge Name: Screenshot3.png Size: 46 KB
I feel ready to go live already, but I need to save more money to do that... Oh well, i'll keep demo trading until I can afford to trade my own money.
Updates?
Whats is the point if nothing is being revealed !!!
Quoting chrisxhernan
I feel ready to go live already, but I need to save more money to do that... Oh well, i'll keep demo trading until I can afford to trade my own money.
Have you looked at Cantor Exchange? Their binaries are $1 instead of $100.
Yes, preferably one should try Live accounts with smaller lots than demo trading.
Quoting JR97
I made a Nadex transaction importer for Excel that consolidates trades to a more readable format, if you're interested. Transactions exported to csv: http://content.screencast.com/users/...ion_export.GIF Transactions imported to Excel and parsed: http://content.screencast.com/users/...ion_parsed.GIF Transaction summary: http://content.screencast.com/users/...on_summary.GIF...
Hey JR97,
I would be interested in your transactions importer, please post here or PM if possible. Thanks
Cantor Exchange (great people and company) liquidity isn't up to par... I really wish it was. You can only place trades 5 seconds at the top of the 5 min expiry, at the strike closest to the price (all other strikes are empty) and then you have a 10% chance you will be filled on that middle strike. I wish Cantor would go after the liquidity (market makers) that Nadex has, its business would explode.
Quoting chrisxhernan
I feel ready to go live already, but I need to save more money to do that... Oh well, i'll keep demo trading until I can afford to trade my own money.
any news?
Quoting consultant
Cantor Exchange (great people and company) liquidity isn't up to par... I really wish it was. You can only place trades 5 seconds at the top of the 5 min expiry, at the strike closest to the price (all other strikes are empty) and then you have a 10% chance you will be filled on that middle strike. I wish Cantor would go after the liquidity (market makers) that Nadex has, its business would explode.
Cantor is quitting binaries on forex. I guess they're only going to be doing Weather trades. I never had much luck on Cantor. Not enough liquidity for my style.
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