During mid September I started to become a little wary of the Indices markets and felt they were more likely to move lower rather than higher so based on my analysis I took on a few Binary Option Positions in the major indices. One of them was in the FTSE were I placed a No-Touch Barrier option trade for the 6930 level running until the end of November. Thankfully after I placed the trade the markets did indeed mover lower.
These positions take very little in terms of maintenance and management and I only check in on them once or twice a week for a few moments. When I checked this position this week the option price had moved to 99% of my target. Hanging on for a further 30 days to capture 1% of profit would be foolhardy so I closed the position for a 43% uplift.
If you’d like to learn more about how you could add these low-maintenance positions to your existing trading then drop me a line.
Trade well,
Paul
October 30, 2014 at 8:45 am
Nice trading Paul! You make it look so easy 🙂
October 30, 2014 at 9:49 am
Thank-you George, you know that it takes a lot of work, effort and determination before anything becomes easy whether it be learning to drive a car or speed-skating!
October 30, 2014 at 10:41 pm
this trade has worked out nicely..I’m still learning the art so I would find it useful if you included your reasons for entry as well as exit. much success
November 5, 2014 at 2:42 pm
Hi Hugh, thanks for the feedback. I do endeavour to try and provide my reasons for my positions in the videos but will try and make them clearer in future.