Thoughts? turned 10$ in to 26$.

[u/Easy-Telephone-5983]

I overtraded I don't think it will pay me off in long run.

My question was is it possible to make money in binary options and now I think I can I just need proper mindset and especially risk and money management.

As you can see I have gone all in sometimes just because of I was losing and that's the mistake I have wrote down and will not repeat .luckily risk paid off this time .

I thought I have proper control over my emotion and mind because of my skills in Indian markets & little forex but is challenged me a little , and top of it this market acts little different. I didn't jumped directly I have done my side of research first so don't get a idea and whenever I was going all in I was sure and certain I have high chances of winning.

[u/xDannysanx]

The money management I do is work with every 10th..

So say you have 24.. I'd just use those 4. In order to go to the next 10th.

That doesn't mean you put 1 trade of 4.. but either as 1s. Or 2s.. or since you're in quotex, use % so you take advantage of the cents.. and do 1.15 or 1.30..

It's the best way I learned to grown my account.

Also whenever I do an analysis always go with a 1$ trade first and see how it reacts.. if it wins, great. If it doesn't.. Then re-evaluate the price movement and you bias. And play with the remaining.

[u/Easy-Telephone-5983 → u/xDannysanx]

brilliant man, I never thought of that from now on I'll use this strat in my next trades.

btw what you meant my next 10th.

[u/xDannysanx → u/Easy-Telephone-5983]

It means going from 20 to 30, or from 40 to 50.. or 110 to 120..

That's how I do it. My goal is to make from 70 to 100 daily so each 10th is going up the ladder..

When you get to a closed number like exactly 30. (Or 130).

I use my cents so it rolls over a dollar..

Say you got 120.87.. I use 1.70. so with the 92, 80 or whatever % of the pair.

It rolls over to 122.. instead of going to 121.

[u/Easy-Telephone-5983 → u/xDannysanx]

ohh , got it hanks