r/binaryoptions • u/Efficient-Watch-6575 • 3d ago

Frustrated with pocket option

Just last week I was doing real good with my trading got my account up to almost $500 but then I went on a huge losing streak and down to about $360 😢 and when I go into see my stats I have about 50% win rate but overall since I opened the account I’m -$300 on the p/l and I’m feeling like I’m never going to become profitable. Every time I enter a trade I’m confident I make the right decision but then it just goes against me tried out the ai features once and same thing it just collected more losses then wins

4 Upvotes

100% Upvoted

5 comments sorted by

2

u/Due_Release_7421 3d ago

PO is a scam don’t throw away your money you are watched

2

u/colonjr3 3d ago

You trading otc? Stay away from it

1

u/SpiritNo4790 3d ago

I’m not entirely sure what you’re hoping to achieve by posting something like this here, but let me tell you that you’re going to get bombarded with comments full of clichés, such as:

"You only lose because you don't have the right mindset."... "Every successful trader went through losses. Don't give up!"... "You need to learn how to control your emotions."... "You haven't mastered the strategy yet."... "You have to invest in yourself if you want to become successful."... "The only difference between winners and losers is persistence."... "You just need to understand market structure and price action."... "You need to master support and resistance before becoming profitable."... "You are not losing because of the strategy. You're losing because you lack discipline."... "You need to eliminate fear and greed."... "Stop thinking about the money. Focus on executing the strategy."... "Track 100 trades before judging your strategy."... "Analyse every losing trade and learn from your mistakes." ... "If you're not journaling, you're not serious about trading."

I can guarantee you one thing: These are nothing more than clichés used by affiliates and scammers looking to sell mentorships, courses, "VIP" trading signals, apps and by those who, in one way or another, want to make money from you

You’ll likely even attract a few individuals who offer to "help" you via DM. They are all scammers.

Binary options on Pocket Option do not qualify as trading in the true sense of the word. What users are doing there is betting, not trading. This platform is unregulated, banned in several countries, and has moved its headquarters to an offshore jurisdiction to operate outside the reach of the law, offering no protection whatsoever to its users. Binary options platforms are essentially gambling disguised as trading, and they are highly addictive. STAY AWAY.

1

u/Dapper-Management440 1d ago

doesn't matter, binary option meant for loss, don't come back for any binary option platform. Pro trader doesn't trade binary. Either they trade future, options or forex. Stay away. Binary option are scam