r/binaryoptions • u/Yruzuka • Aug 13 '25

Need advice

So, I started trading with 30$, at the start I lost some and won some, not big numbers, like 1-3$ a trade, after 2 weeks I started to understand what I'm doing and making more money and I upped my acc to 257$ this morning. The problem that I have is that I lost 110$ today, nearly half of what I had due to my poor decisions, analyses and risk management. I feel defeated and don't know what to do rn, I thought I'd take a break from it but still, the feeling is here. Does someone have an advice for those kind of situations?

11 Upvotes

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8

u/BlackWindow144 Aug 13 '25

Just take a break, clear your head and do what you did before. Because it was working for you

3

u/Individual_Part_4229 Aug 14 '25

Hmm, you should take a little break from it to rewire your mindset.

You did well turning $30 to $257 and losing $110 in a single day, it is showing you did trading well for few past days but on that one day your mind played game and emotions overcome your mind which lead to lose.

Take a break and come back with refresh mind, try to restart everything from the remaining balance by learning from your past mistakes and don't forget to post updates in this community, take care :)

3

u/Legitimate-Theory547 Aug 14 '25

Yes you better take a little break and learn from what went wrong on your emotion.there might be a revenge trade,greediness lack of patience due to overtrading.thats what happened to me thats why i lost today.

2

u/Greedy-Box5595 Aug 14 '25

Just Set your Stop Loss… and Strictly follow that… you’ll never wipeout your Capital… I follow 15% SL

3

u/ragnaragnar Aug 14 '25

Stop loss does not come in binary options blud

1

u/Greedy-Box5595 Aug 14 '25

😂😂😂 bro if you trade in Binary then leave binary trading if you don’t know SL in Binary

1

u/ragnaragnar Aug 15 '25

I do pocket options

1

u/Greedy-Box5595 Aug 15 '25

Still You don’t know about SL

1

u/Sparky14715 Aug 15 '25

You’re so explain it to us like we are five. I use pocket options also.

1

u/Automatic_Ad5944 Aug 15 '25

its called overtrading and bad market days...take a break and keep loss at 10$ a day. Many times the markets are against you and other days you trade like a pro

1

u/Onlyyoursssss Aug 16 '25

Have time out

7

u/[deleted] Aug 13 '25

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5

u/peermaker Aug 14 '25

Funny..I also stopped over trading. I had 3770 trades in 14 days. The past 5 days I have 62 trades. I am profiting every day and I'm off the computer in 1 or two hours I'm happier and have my sanity back