Hello, and welcome to the 39th edition of the binarytoday.com income report. Today’s report will be a little different because I trade sparingly during the month of December, so my returns were lower and I focused more on forward testing and analysis. I really wanted to sink my teeth into a winning approach for 2018, so I’ve done the work, and help you presenting that here for free.
As always, the main goal of these income reports is to provide transparency in the binary options market, and show the binary today readers exactly what’s working now, and what’s going to work in the near future. I hope that this report motivates you to start trading, and begin a journey that is both challenging and rewarding.
Without binary options my life would be very different, and I’ve had the every single day that I entered this marketplace just over 4 1/2 years ago. So, let’s dig into the report, and I’ll show you my exact methodology as we move into 2018.
December Income Report
As I mentioned above, I spent very little time trading or utilizing any binary options software in the month of December. Instead, I used this time to reflect on past successes and failures, while creating a game plan for 2018. Each one of these tools, provides trading signals for specific expiry times and pairs. I utilize each one on a daily basis so that I have more than enough trade opportunities to take advantage of.
- Binary Strategy +$3249.45
- Binary Today 5 +$2415.14
- Binary Today Trader +1742.52
- Manual Trading +$0.00
- Binary IQ -$695.32
As you can see by the results, it was a clear down month. I made nearly $10,000 less, then I did last month but this is not a major concern for one main reason.
I did not trade very often.
This is something that I recommend it to many of the readers here at binary today. I felt like taking almost the entire month off of trading would help me regenerate some of my energy, and give me a lot of time to focus on analysis. I wanted to look over every single trade I’ve made over the past year, and see what type of trends I could spot, and potentially correct them. I believe that it’s always important to take time away from trading, to collect your thoughts and remove any negative emotions are stress that you are currently putting on yourself.
Trading should be enjoyable, and when you are concentrating heavily on the bottom line, it’s easy to lose sight of that.
Winners and Losers
Normally, at this point of the review I would point out who the winners and losers are, and differentiate between the gains and losses that I’ve had during the month. This month, I won’t go into too much detail here, because I traded so infrequently, so the data won’t measure up correctly. In the little that I did trade this month, it was clear that Binary Today 5 was a winner, as BT5 eclipsed Binary Today Trader to take the #2 spot behind Binary Strategy.
Binary IQ continued to post losing numbers.
As I move into 2018, I’m trying to simplify my trading approach with the Binary Strategy signals. In doing so, I hope that I can increase my earnings, while making less trades.
Historically, my approach has been to receive a signal, which would tell me the exact trade to place. For example, “USDJPY PUT Trade, 15 Minute Expiry.” Then, I would analyze the trade assistant which is made up of 4 indicators (stochastic, rsi, entrycci and trendcci) and hope that 3/4 or 4/4 arrows were pointing in the direction of the signal that I received.
This year, I’m going to start testing 2/4, 3/4 and 4/4 arrows and start marking down the efficiency of these signals in each of these cases. In speaking with many of my readers, I’ve noticed that the trade assistant is more agreeable with Binary Today 5, and Binary Today Trader than it is with Binary Strategy.
Not only am I going to add 2/4 arrows, but I’m also going to start monitoring each individual indicator, to see if I can increase my statistics in that way as well.
If you have the time, I recommend that you do the same.
2018 was a wonderful year for myself, and the readers here at binary today.
Many of us have taken large steps in our lives, as we continue to grow and look for success in trading and every other aspect of life.
I want to thank you for being a reader, and hope that you will continue to visit us here as you work your way through this journey.