Mkuu unafanya binary option?
Wanna know your strategy if you wouldn't mind
Nothing fancy. It is stuff everybody know or should know.
1. Never use money you can't afford to lose.
2. Educate yourself to know about your investment. If you are putting money on the FTSE 100 getting to 7420 read the "Financial Times" assesments and Bank of England tea leaves. Read what the financial whizzkids are saying, calculate your risks to distinguish your investment from pure gambling.
3.Never get too greedy and buy unrealistic positions fueled by hopes that the market will miraculously follow your position. As Keynes said, the market can stay irrational longer than you can stay solvent.
4. Never remain too cocky and stubborn in the wake of a falling position. Cutting your loses is a strategy. He who fights and run away, lives to fight another day. You are not married to yiur positiins.
5. Try to buy positions that are low risk and with potential of high returns. In my case I bought a position that predicted the FTSE 100 was going to jit 7420 at a time when it seemed like it had already buckled the trend to get to 7420, but people were hesitating due to the usual up and down jitters of the market. I bought at 45 and sold at 83. I could have timed it to buy at 33 and almost tripled mt investments, but the risks of it tanking would have increased too. It is better to double your investment on a seemingly sure bet than try to triple on a trend that could wipe your money clean.
6. Always leave some money around to rebound if a certain position fails. I was a bit too cocky on the Australian dollar earlier Friday and almost got cleaned (on the money I placed for the Aussie dollar to rebound). The FTSE was my comeback.
7. Use your head more than your money to invest. Some of the best investments I have had were due to my being spendthrift, when I am low in digits,like Jay said, I push blow in a blizzard. it's like a comeback is a must, with my back to the wall. Having plenty of money may actually make one think less.
8. Get positions that have signs of vigor but are underrated and will allow you to buy low and sell high by staying in the market just long enough to experience the fluctuations.Without fluctuations, you can't buy low and sell high. Example, positions that expire 3:00 AM daily have a longer span to allow good entry and exit points than positions that are of a shorter term.
I gotta go now. But I will be back with more nuggets. Some you already know.