Tired of losing at binary options Here is a way out

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The problem with binary options trading!

A fair bit of spotlight/scrutiny has been placed on binary options in the past years, with warnings issued from central banks such as the MAS (MAS-Cautions-Investors-on-Risks-in-Trading-Binary-Options-with-Unregulated-Platforms, SEC warns against Binary Options and scams such as the-wolves-of-tel-aviv-israels-exposed.

Likewise, we hope to take this chance to educate investors on this highly risky investment product and advise everyone to think twice before hopping on this bandwagon.

What are Binary Options?

For those who might have chanced upon a Binary trading advert or some sort of get rich scheme, you might be familiar with the below:

Trading with Binary options is to predict whether a stock, or an index, or a commodity or a forex pair, would go up or down within a certain time frame.

Binary options “are based on a simple ‘yes’ or ‘no’ proposition: Will an underlying asset be above a certain price at a certain time?

Correct, you are NOT actually buying anything, you don’t wait for something to go up and sell at a profit, not at all. You invest in putting down an option that, for example OIL, will have increased in price by the time your option expires, or the other way around, that it will close lower.

If you are right, you will make a profit of 65-90% on your invested amount.

These option time frames can be as little as 30 seconds, to 2 minutes, to 15 minutes, to 1 hour, . It all depends on what you chose.

Short answer is yes & no.

In fact, it is not a scam when u consider that Binary options are in fact about as legitimate as your roulette wheel or soccer betting. Also, Binary options are simple to digest and much easier to peddle as a “transparent trading instrument”, thus attributing to its popularity.

However, very often, you end up taking the other side of the market as your broker, i.e. If you win, the broker loses and vice versa. This creates a skewed conflict of interest and their ability to adjust the payout ratio (Odds/multiplier) amplifies that.

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The scam comes in when certain brokers get greedier and you start seeing instances like refusal to credit customer accounts or reimburse funds to customers; identity theft; and manipulation of software to generate losing trades.

Do not trade Binary Options.

Long story short, you have no business dabbling with binary options. You run the risk of dealing with an illegitimate broker and even if you manage to find a proper broker, you end up facing insurmountable house odds with negative expected value.

If the gambling bug bites, you might just be better off playing the lower house edge games in the casino like baccarat or blackjack.

In conclusion, there is no quick and easy money to be earned. Instead, do your homework and read.
Good luck.

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Comments ( 51 )

Didn’t read the whole post, only the conclusion.

I’ve sold structured products that had a binary content to them. Some large funds trade them. It’s an investment with associated risks like any other. Sure some people might try to rip your eyeballs out in the retail market but otherwise all good..

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Futures and Options are the same thing, just betting on movement (but by definition, you have the right to delivery/right to 100 shares yadda yadda) but we all know no one actually does that. Just a nice way around the definition of gambling.

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P&D, I would respectfully disagree that options trading is nothing more than structured gambling, if that is your position.

I’ve been an active options trader for many years, but even though I have a level 4 options trading clearance w/my brokerage account, IRAs allow for only level 1 (2 at some institutions). Level 1 meaning I can buy/sell calls/puts. Period. Level 4 allows me the ability to trade calls, puts, spreads, straddles, strangles, condors and a few other strategies. However, I keep my strategies pretty simple, keep my timeframes to weeklys or monthlys, and I use my strategies to get into a position at a cost below the CMV (by collecting premium to lower my cost basis if I’m getting assigned shares by selling puts), or by liquidating a position for above CMV by collecting premium by selling calls). Also, I like to sell straddles around earnings season, when I anticipate increased volatility. I don’t like LEAPS simply b/c it ties up my excess capital for too long.

Trading options isn’t for everyone, but they are a valuable, powerful tool when used properly. On the flip side, they can be monetary weapons of mass destruction when used improperly. The OCC (Options Clearinghouse Corp) is an excellent resource for those who want to trade options to start out. They used to have mock accounts that would allow people to practice w/o using real money. Don’t know if they still allow for that, but I found some valuable tools on the site that I hadn’t found in a number of books I’ve read on the topic.

Long-winded post I know. I’m pretty passionate about the practice, though. I have not come out on the winning side of every options trade, but all-in-all, I’ve done quite nicely, often times picking up anywhere from $300 – $2300 in a week without actually liquidating a single share in my portfolios.

I started out with options, I lost some doing stupid stuff with SPX weeklies (that’s not why I said what I said in my post above) but made all of it back and then some by simply doing directional vertical spreads. Keeps the theta low, low cost upfront, and if you have a measured move you can adjust your strike legs accordingly and up your RR ratio. Some strats are really cool and can even do for income (ie covered calls)! I actually don’t hate options, I just found I was doing great with directional plays so just went with futures. No theta decay, no expiration. I didn’t need to wait at expiration for my max profit. The money you can make in a 20 point day in /ES is vastly different than a 20 point out spread on SPX, very wide in terms of profit.

Just by reading that you keep your time frame to weekly and monthly already shows you know what you’re doing 100% (doesn’t mean a lot coming from me lol). Unfortunately this isn’t the case for 95% of traders. Most do options for the massive leverage, and doubt they even care about the whole “right to 100 shares @ a specific strike @ a specific date,” or any of the strategies that you have mentioned. There was a report I read, most option-traders blow up because they buy super low expy options, they are just betting on the direction in such a short time frame, similar to binary options. In other words, they get stuck on the level 1 approval, lol.

That’s awesome to hear, I seen your other posts, and I always love speaking to those who have been in the trading game for a while. I’ve only been in the game for around a year now, and I love it. Still very young but can’t wait to see if I can emulate what I’ve learn and applied to a much larger account size. I personally believe that the market is simple, and the people who win are those who don’t overcomplicate it.

EDIT: I generally believe selling premium is kind-of-meh at times. I mean, you’re risking like 3:1 or sometimes 5:1 for a higher probability of profit. 5-10 wins can get wiped out in 1 loss sometimes. BUT, whatever works works. Making money in the end is all that matters. the positive expectancy is all that matters.

Why trading binary options and gambling are quite different things

Binary options attract more and more attention, because it is a great way of earning considering the simplicity of their usage in the buying process. Only imagine next situation: deal with expire time from 30 seconds and up to several months, approximately may make a profit of about 80% of the total cost of the option. This was the real reason for the rapid growth of interest in this type of trading in the financial market.

Is trading binary options gambling or it is completely different things? In order to really answer this question intelligently, at first, remind yourself what is gambling.

The goal of each and every gambling is targeted at inciting excitement in player. For example, the well-known card game “Poker”, which is all considered gambling. But does it really evoke strong emotions in people? In fact, an ardent gambler, she’s probably really excited, but, for example, for the dealer is nothing more than a job. Hardly professional croupiers will argue that he is actually a gambler. In any case it is a link that is definitely allotted role in this game and not much more. In other words, the perception of the game. It’s like in a hockey game that for fans this is a real game, and for players work.

Therefore, given the above induced opinion and taking into account he binary options market, where people perceive the Forex trading, as a game, therefore, likely to experience the passion. Therefore, it is logical to assume that his position will be similar to any gambling. At the same time, the person who objectively looks at things, has a real understanding of what is happening and to adequately assess their capabilities, never will be related to binary options trading as gambling. The essence of the perception, not in the lesson, and what people will do in a given situation.

Brewing logical question: why the gambler is not a bit of work on binary options? And it’s all quite simple:

• the player originally will be allocated to the trading process as a game — hence the action often will be ill-considered and frivolous;

• more than likely, these people will not learn anything, relying on fart and perceiving the learning process is a waste of time;

• high embernet the occurrence of excessive expectations, often will be associated with a profit in the first seconds.

BINARY OPTIONS AND GAMBLING

Very often you can hear that the options trading looks like the well known game “Roulette”, wherefore winning is impossible. First and foremost, to win here, obviously, the truth will fail, however, to start earning in a very real way. additives important here is the approach to this activity and its human perception. These two things resemble one another due to the fact that roulette as well as in options trading, you can make bets at random, or to calculate all possible combinations to remember past results and calculate the probability of an event.

A similar result in trading binary options — someone will come for the freebies, the result is playing will deposit lose, and someone will start to earn real money by earnestly studying, examining the experience of other successful traders, analyzing the trends and the situation of market, knowingly invented and use technical and fundamental analysis. Trader also needs to be armed for victory.

Anyone who seriously trades binary options never call it a game, because he would not a priori to experience the excitement. In fact, top traders, to achieve real success in this field, will always look at binary options trading soberly. After all, they really understand that the thrill of destruction. Hence, the person who wants does not want to play, but seriously to make money trading in the financial market, he must learn to take seriously, not to be confused with the conventional gambling. After all, the one who wants to, he will always find a 100% similarity in all this, mixing the result of trade and game, when in fact it is quite the different classes.

Little advice for everyone: if you have a feeling of unhealthy excitement during the trading process (similar to gamblers), then right immediately quit with it, because it is well known that emotions still haven’t helped to reach the desired results nobody.

Sadly, but truly – it is not suitable for everyone to trade on the financial market. But anyone with a desire can test himself and check luck, while not risking his own money.

All of this is real by opening IQ option demo account. This broker, as a trusted choice top traders, holds a leading position in the ranking binary broker and offers impeccable service with really great trading conditions. Check it by clicking the button below.

“General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.”

BlackRain79 – Micro Stakes Poker Strategy

The Blog of BlackRain79, #1 Winnings of All-Time at the Micros.

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5 Proven Ways to Stop Losing at Poker (#3 Will Shock You)

We’ve all been there.

You sit down at the poker table to play another session and despite your best efforts you leave with less chips than you started with.

They hit their flush again, straight on the river and so on. You just can’t seem to win a hand of poker. It all seems hopeless, you are totally sick of losing at poker!

If so then this article is for you. Because I am going to give you 5 proven ways to finally stop losing at poker.

Now I can’t promise that you will be playing poker like Phil Ivey when you are finished reading this article, but it will definitely help you stop losing at poker!

1. Fold Versus Turn and River Raises

The first way to stop losing at poker is going to require a bit of faith on your part. And it might even sound a bit crazy at first!

But from now on, if you only have one pair on the turn or river and they raise you, then you need to fold your hand.

In low stakes poker games which are mostly full of passive players these days, a raise on the turn or the river very often represents a huge hand.

And what do I mean by “huge hand?” I mean something that beats one pair!

Now I know it’s painful if you have AA or KK. But trust me on this one, this is really going to help you stop losing at poker.

I love pocket aces and pocket kings as much as you do. But you have to remember that it is just one pair. Winning poker players know when to fold an overpair.

Believe me, when they start raising you on the turn or river it is because they have you beat. Just close your eyes and fold your hand.

You will be thanking me later.

2. Remove Slowplay From Your Poker Vocabulary

This next tip to stop losing at poker might be difficult at first as well. Often we see our poker heroes on TV like Daniel Negreanu making brilliant slowplays and roping them into making a big mistake.

But you have to understand that they are doing this in high stakes poker games versus world class opponents. In fact he even mentions this specifically in his new poker course!

Slowplaying often does work well in these games. But it doesn’t work good in your $10 game online or your $1/$2 game at the local casino though!

And this is because many of your opponents in these games are calling stations (e.g. they love to call). Therefore, you are losing a lot of money by not betting your hand.

This is huge reason why people lose at poker. You have to build the pot for them and never slowplay your big hands in low stakes games.

The next time you get pocket aces for instance. Just raise and re-raise it. Play it in the most stupidly obvious and straightforward way possible.

This is the way to win the most with big hands like AA. You never want to get tricky against bad poker players. Believe me, it will just go right over their heads.

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3. Fish at the Table or You Leave

The next way to stop losing at poker might be the most effective winning poker strategy that I can possibly give you for today’s games.

And that is, you need to always have a big fish at your poker table. If you can’t immediately identify the mark, then you leave. It’s that simple.

The reason why this is so important is because the fish are how we make the money in this game. Just look at the loose maniac in this video and what kind of nonsense they will show up with!

You are going to absolutely print money against these goofballs in the long run!

If you play online poker then you should use a HUD. Your HUD will tell you who the fish are. They will have a VPIP (percentage of hands played) that is 40% or higher.

In live poker games you just have to look for the guy who is playing too many hands, limping, calling down with bad hands and so on.

If you don’t have one of these guys at you table, you leave. I can guarantee that this strategy will immediately help you stop losing at poker.

4. Have a Rock Solid Preflop Strategy

Everything starts before the flop in poker. You should have a rock solid preflop strategy to know exactly which hands to play and raise with from every single position.

This is why I ended up including more preflop charts than any other poker book in history when I wrote Modern Small Stakes.

You simply have to have this part of the game down!

The biggest thing to remember is this:

  • You want to play a lot of hands around the button
  • You want to play less hands in the blinds and up front

The reason why is simple. Position is king in poker. It is a proven statistical fact that you will win way more when you have position.

Bottom line: Get a solid preflop strategy, memorize some charts if you need to. This stuff should be automatic for you at the poker tables. No more guessing about what hands to play!

5. Use Timeouts to Stop Losing at Poker

The last and probably most effective way to stop losing at poker is to use timeouts to control your tilt when it starts building.

Tilt or frustration is easily the #1 reason why people fail to win in poker. It isn’t that they don’t have the skills to win, it’s that they throw away all their profits when the cards go south on them.

So I would recommend making use of timeouts when you take a few bad beats in a row.

This means that you immediately get up from the table and go walk around for a few minutes. Try doing some deep breathing exercises.

This allows you to calm yourself down and prevents you from making emotionally charged poor decisions at the poker table.

If you feel that your level of tilt and frustration is extremely high, then you should just quit playing poker for the day completely. Remember that the games will always be there again tomorrow when you have a clear mind.

One of the best pieces of advice I can ever give you to stop losing at poker is to stop playing when you are feeling tilted. This literally ruins entire poker careers, bankrolls and dreams in this game.

Don’t Lose All Your Money Playing Poker

It is also very important to be aware of your bankroll when you are playing poker. This is the total amount of chips or money that you have set aside to play poker.

You should always have at least 30 full buyins set aside for any game you are playing in. And quite frankly more is always better!

A “full buyin” by the way refers to 100 big blinds which is the maximum buyin in most online cash games. For instance 30 buyins at NL10 would be $300.

There is absolutely no reason why you should ever lose all of your money when playing poker. Anyone who tells you different just doesn’t practice proper bankroll management.

In nearly 15 years playing this game, and 10 years as a pro, I have never gone broke once. And neither should you.

You need to approach this game like a professional does and always be adequately bankrolled for the inevitable ups and downs.

How to Deal With Poker Losses

Now with that said, poker losses are going to happen no matter how good you are. Even the very best players in the world have losing days. Lot’s of them in fact.

There is simply no way to get around this in poker. There is a short term luck aspect to the game which is simply unavoidable.

However, some people deal with poker losses better than others. Professionals view the game of poker as a long term endeavour where they will profit over months and years.

Amateurs on the other hand, get wound up about individual days, and often even about individual hands too.

The best thing that you can do to deal with poker losses is to start seeing this game from a much wider perspective. This game is all long term.

What to Do When Running Bad in Poker

But no matter how hard you try, believe me I know, running bad in poker sucks!

I have lost at poker for weeks and even months in a row many times in my poker career. This was enough for me to question not only my sanity, but whether or not I was even a winning poker player at all anymore.

But the reality is that these are something we call downswings.

When the coolers and the bad beats start piling up over days, weeks and even months it will really test how strong of a poker player you are.

Because everybody goes through downswings at some point or another and they are without a doubt the hardest part about playing this game.

Many people crack while running bad and end up throwing away tons of unnecessary chips with poor decisions that were made based on emotion rather than logic.

The best thing you can do when you are running bad in poker is to take regular timeouts and do lots of session reviews as well. This will help you make sure that it is indeed bad luck that is causing you to lose and not bad play.

When you are in a downswing this is also a good time to play a little bit less poker and focus more on studying and improving your game.

Always remember that downswings are a temporary setback for a winning poker player. In fact many world class poker players see them as an opportunity to separate themselves from everybody else.

Because they know that they will react better to them than all the amateurs will.

Final Thoughts

In order to stop losing at poker there are several important steps that you need to take.

First off, you need to start folding versus turn and river raises when you only have one pair. And yes, even if you have AA or KK. Remember, this is still just one pair!

You also need to completely remove slowplay from your strategy at the lower stakes. As crazy at it might sound at first, you need to go ahead and just bet your straight or two pair the whole way.

Yes, sometimes they will fold when they don’t have anything and you can’t control that. But many times they will call you down and this is going to help you win more and stop losing at poker.

Lastly, you need to make sure that there is always a fish at the table when you are playing poker (40% VPIP or higher), memorize a solid preflop strategy and use timeouts and session review to prevent tilt from ruining your poker career.

If you want to know the strategies I use to make $1000+ per month from low stakes poker as a 10 year pro, make sure you grab a copy of my free poker cheat sheet.

Let me know how you stopped losing at poker in the comments below.

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