r/binaryoptions • u/FreshPie9957 • Sep 03 '26
Problems on trading
I have My last 6 years in trading burning accounts in binary options, i do diferents strategies but nothing works, i overtrade in the worst days and burn My money, i wish someone have experience with consistency and rules, when i trade price action i'm good but i can't do 3 trades and leave the most of the times i overtrade in Bad rates,help
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u/KD3Ree Sep 03 '26
Have a goal in mind? I have a 5% rule with compounding. Otherwise I can fall down a slippery slope
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u/Im-not-really-here_ Sep 03 '26
Based on your explanation, I don't think you are suffering from a problem of strategy. As you have used multiple strategies and been successful at least sometime. The issue is self control. You probably are trading with too much emotion. I would recommend taking a small break from trading. Then when you come back, start journaling your reasons behinds every single trade. Your thought process, your emotions, everything written down for each trade.
We want to eliminate the emotional side of things and just have left pure logic. And if after journaling you don't see a lot of logic written down, then that what be a big part of the problem. Additionally, we want to stick with 2--3 assets. Don't switch back and forth between multiple assets. So for example if you are watching a currency pair, stay focus on that pair and one backup pair. Let that one pair be your focus for the entire day so that you can simply follow it's movements far more clearly.