Three is the minimum, and more is better.So always wait until you can satisfy the Rule of Three (at least). Remember, trading is a game of probabilities, and you should always stack the odds in your favor.And there is your answer, write down three tings (at least ) that convinced you into taking that specific trade The more detailed and organized your diary is, the easier it is for you to keep track of your recent trades. Furthermore, other traders will enjoy reading your diary and understand it well enough to be able to give you advice. In short time you will perform much better and handle your losses and wins in a more professional manner. You will definitely enjoy writing about your analysis once you realize what it does for you. By the way, dont forget to read other peoples diaries too Take a look at a couple of trading journals here at BOTS for inspiration and then start working on your own diary.I assume we now can agree that a trading diary is necessary for improving your trading skills and your strategy. Your best teachers are your own mistakes and successes and analyzing those gives you the experience you need. When you know how to interpret your own actions you are in control of what you are doing And thus, the key to success is in your diaryHey wow I enjoyed reading your blog it tells everything like a story and that seems all the more interesting. I guess the suggestions you gave about keeping a trading diary are really simple but extremely important. Ive been checking out some really nice Option strategies since my dad always advised me to seek more information about these things. Ive seen my dad keep a diary and he was one of the most successful investors I had ever seen. So I really appreciate your knowledge. Thanks.I trade with Anyoption, last week I had the strike and expiry pricethe same, therefore that is a draw, but I was told that now anyoptions considers this a losing trade.Has anyone else had this happen to themAfter listening and signing up on four different option broker sites, I found Binary options that suck, what a breath of fresh air. The one broker I was with all of sudden last week I couldnt sign in Ive sent several emails to their support email and tried to call the number they have posted to no avail. Could some one let me know if Cedar Finance is still in business. I had over 1000.00 on acct.Thanks for your support, KCBcopy 2015 SlickTrade - Nadex, IG, Forex Binary Options - Online Trading Academy Powered by Krykle LLCPast performance does not guarantee future results. Trading involves risk, including risk of loss. Short-term trading also has tax implications. Please consult your tax advisor.In finance, a binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount (or a precise predefined quantity or units of some asset) or nothing at all (in contrast to ordinary financial options that typically have a continuous spectrum of payoff). The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange). 1For example, a purchase is made of a binary cash-or-nothing call option on XYZ Corps stock struck at 100 with a binary payoff of 1,000. Then, if at the future maturity date, often referred to as an expiry date, the stock is trading at above 100, 1,000 is received. If the stock is trading below 100, no money is received. And if the stock is trading at 100, the money is returned to the purchaser.The value of a digital option can be expressed in terms of the probability of exceeding a certain value, that is, the cumulative distribution function, which in the Black-Scholes equation is the Gaussian. Due to the difficulty for market-makers to hedge binary options that are near the strike price around expiry, these are much less liquid than vanilla options (that is, standard and ordinary call and put options). Dealers often replicate them using vertical spreads, which provides a rough, inexact hedge.Though binary options sometimes trade on regulated exchanges, they are generally unregulated, trading on the internet, and prone to fraud. 1 The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have issued a joint warning to American investors regarding unregulated binary options. 2On May 3, 2012, the Cyprus Securities and Exchange Commission (CySEC) announced a policy change regarding the classification of binary options as financial instruments. The effect is that binary options platforms operating in Cyprus, where many of the platforms are based, will have to be CySEC regulated within six months of the date of the announcement. CySEC was the first EU MiFID-member regulator to treat binary options as financial instruments. 4In March 2013, Maltas Financial Services Authority announced that binary options regulation would be transferred away from Maltas Lottery and Gaming Authority. 5 On 18 June 2013, Maltas Financial Services Authority confirmed that in their view binary options fell under the scope of the Markets in Financial Instruments Directive (MiFID) 2004/39/EC. With this announcement Malta became the second EU jurisdiction to regulate binary options as a financial instrument, providers will now have to gain a category 3 Investment Services licence and conform to MiFIDs minimum capital requirements. 6 Prior to this announcement it had been possible for firms to operate from the jurisdiction provided the firm had a valid Lottery and Gaming Authority licence.In 2013, CySEC prevailed over the disreputable binary options brokers and communicated intensively with traders in order to prevent the risks of using unregulated financial services.
