First of all, let me just start off by saying Merry Christmas and Happy Holidays to all of the Binary Today readers. I didn’t plan on doing any trading or coming on my computer at all this year but this morning I just felt the urge. The positive impact this community continues to have on my life is undeniable. So I want to wish you and your family a healthy and happy holiday season.
Trading Christmas and the Holiday Season
Many of you are off work and have some extra hours to indulge in some Christmas trading. These holidays are generally low volume and high volatility. So what does that mean for you?
Should I Trade Christmas?
This is a question we receive frequently here at Binary Today. While I appreciate the commitment to trading, this is generally a very difficult period to trade.
It’s best that you take this time to analyze your current strategies and plan for the future. Use this time to take a step back and determine your trading approach for 2017.
It’s always important to look back on your successes and failures from the past year as this can help you moving forward.
This is also a very good time to reconnect with your family. Trading can be very time consuming. Personally I get wrapped up in this binary options blog and I often neglect the important people in my life.
It’s important to take this time to have real conversations with your family and friends. Use this time to recharge your batteries. Taking a week or two without trading may feel like a set back but coming back fresh is very helpful.
Every year I take a few weeks off and really focus on the other things in my life that mean a lot to me. You guys mean a lot to me too, that’s why I’m writing this today.
Thanks for stopping by and I hope you have a wonderful holiday season with your family.
If You Decide To Trade Christmas
While many of you won’t trade, there will be a large portion of you that do. For those that do, pay attention to this list.
- Pay attention to historical trends
Make sure that you understand how the holidays have impacted the binary options market historically.
- Be prepared for range bound action
Due to prices developing tight trading ranges you will want to focus on short expiry time trades. While I haven’t done any testing, systems like Binary5 should be very successful.
- Be ready for volatility swings
While ranging is more consistent there is always a risk that major trades can push the prices more aggressively than normal. Be careful.
Good luck everyone, have a wonderful Christmas!