Binary Options Trading Entry For Friday 5-23-2014

Unfortunately this is going to be short and to the point today. For one reason being that we only made three standard high/low traders for the entire day’s trading. And, more importantly, we somehow seem to have lost or erased the screenshots for all the trade charts for our traded underlying assets. Even worse, we waited an entire extra day to write and publish our binary options trading for Friday. Our lack of a photographic memory (or much of a short-term memory at all for that matter) means that we can only remember the barest of details behind the trades made. All we can do then is our best, and that will have to be good enough for today’s journal entry.

s&p500 index daily chart for 5-23-2014

That good old standby, the S&P500 Index is far and away our preferred proxy for overall market conditions in the US, and to some degree even the other major global indices. Here we have once again reached new all-time highs for the index, finishing at just over 1,900 for the first time in history. It did not, however, even remotely break that level with any degree of confidence or commitment. Indeed, it actually ended the day at the closing bell in the midst of a pullback, however small. Now nobody though that breaking that nice, round 1900 level was going to  be easy. Especially after the amazing bull run we’ve already had over the last couple years. After all, this pace cannot last forever, and markets must at some point experience a rather devastating correction (given the large magnitude of the run-up).

With all of the above said, we personally will be moving into a decidedly bearish stance as markets move into next week’s action. We’re just not convinced that the “big money” that moves these markets is quite ready to push all-in on breaking that 1900 mark quite yet. We believe that they, like ourselves, remain in a fairly cautious mode, waiting for US and Global markets, as well as their trusted political economy interpreters/advisors to provide them with more information about where we might be going from here. It is in many ways a completely different economic and global financial situation which we currently find ourselves in, and there are no easy answers. We’re essentially flying blind here, regardless of what your politicians or talking heads may be saying to the contrary.

s&p500 index weekly chart week ending 5-23-2014

Binary Options Trading Summaries For Friday 5/23/2014

Well, not much to say here. Which is, of course, why we populated much of this entry with general market commentary and analysis. But, we did make a few trades on our Boss Capital account, and even though we don’t have chart images, or remember much of the rational for the trades at the time, we do have the outcomes and daily totals. So, let’s get to it shall we?

binary options trading with boss capital for 5-23-2014

We only made a total of three trades today, all of them of the standard high/low binary options variety, and all of them for the same investment amount of $100 even. The one other thing which all three trades had in common? Well, they all finished ITM by expiry for triple profitability. Can’t complain about that. And it’s one of the reasons we just called it a day at that and moved on to other things besides trading. Oh yes, they were also all short-run bullish index plays on the three biggest US indices. Let’s take a closer look now (sorry the image came out a bit light and hard to see).

boss capital binary options trading daily investments history

Binary Options Trading Summary For 5/23/2014

Even though we don’t have charts and pre-trade analysis for these trades we will still just break them each down and work that into our totals and ROI numbers for the day. It will be short and sweet today.

DOW Jones High/Low Call Option Trade Summary

Trade Outcome: ITM
Entry Time / Expiry:
 10:49:11 / 13:00:00 (in PST time)
Investment: $100.00
Returns Offered: 75%
Entry Rate / Expiry Rate: 16,597.65 / 16,606.75
Returns Received: $175.00
Profit/Loss:  +$75.00 Profit

S&P500 Futures High/Low Call Option Trade Summary

Trade Outcome: ITM
Entry Time / Expiry:
 10:49:25 / 12:00:00 (in PST time)
Investment: $100.00
Returns Offered: 75%
Entry Rate / Expiry Rate: 1,896.875 / 1,897.375
Returns Received: $175.00
Profit/Loss:  +$75.00 Profit

NASDAQ 100 Futures High/Low Call Option Trade Summary

Trade Outcome: ITM
Entry Time / Expiry:
 10:49:37 / 11:00:00 (in PST time)
Investment: $100.00
Returns Offered: 80%
Entry Rate / Expiry Rate: 3,668.125 / 3,668.625
Returns Received: $180.00
Profit/Loss:  +$80.00 Profit

Binary Options Trading Investment Totals 5/23/2014

Total Trades Entered: Three (3) Standard High/Low
High/Low Trade Outcomes:
 Three (3) ITM
Total Investments: $300.00
Total Returns Received: $530.00
Total Daily Profit/Loss: +$230.00 Daily Profit
Daily ROI: +76.67% Daily Net ROI

A 76.67% daily return on investment is certainly nothing to be ashamed of I’d say. Indeed, I felt it best not to press my luck at this point and called a $230 profit for 10 minutes work a fair days wages for a fair days work, so to speak. We regret that we haven’t been able to trade much lately, much less record and publish what little trading we can get away with these days. We are, however, working on at least improving that situation, if not necessarily getting back to a daily publishing schedule.

Well, until next time folks, trade smart and be lucky!

2 Responses

  1. Greg 07/01/2014 / 9:51 AM

    Hi,

    Whu you stopped gprovide binary options signals??

    • Jason 07/03/2014 / 5:10 PM

      Hello,
      Thank you for your comment and important question for the community. However, the fact is that we/I have never provided a binary options trading signals service. We have been asked to do so countless times, and have thought long and hard about doing so. After all, what could be better than making a little extra cash by charging for a monthly signals subscription, while also getting to feel good about helping others be more profitable binary options traders? It sounds great, frankly. Unfortunately, it isn’t all “rainbows and butterflies,” and nobody makes the right calls all the time, including myself (as my very own published trading journal entries prove). These signals success claims you read of 91%+ win rates are nothing but manipulated, “cherry-picked”, or often even just flat out scammy promotional lies. And since I refuse to play that scum game…..

      Why go with the guy who truthfully claims a consistent 63%-70% win rate when you can pay big bucks (after all, larger price = better quality, right?) for someone who will promise to earn you much more than I would ever promise, or even suggest/imply that I could make you with my signals? Sadly, the answer is very few people.

      In the end though, that is just fine with me (other than the scammer scum, who piss me off no end) because I am too sensitive and I would be devastated the first time someone wrote me an email telling me they invested $5,000 on my signal suggestion and lost. As is bound to happen eventually, no matter how good of a trader I am or how good my signals are overall. Nobody is perfect and we all make mistakes. This is most especially true when we’re talking about global financial markets, the “mother of all variables”. And, of course, this lost $5,000 will end up being the majority of this hypothetical persons account balance–nevermind our frequent advice on the in-advisability of investing such large portions of your balance on ANY one trade, no matter how promising it looks–and now I am “responsible” for bankrupting some poor fool who probably shouldn’t have been trading to begin with. Nevertheless, lack of responsibility for this hypothetical person’s financial losses or not, I would feel horrible about it anyway and beat myself up endlessly over it. Put simply, I just don’t think I have it in me to be even partially responsible for someone’s trade losses based on my advice/signals. I just don’t have it in me.

      Whew, that was a rather long-winded reply to a fairly simple question. However, it’s a question (or rather a variation thereof) that we get so often that I felt a relatively comprehensive response was in order. Indeed, we should probably publish a full-length article on the subject at some point so that we would just have that to point people to when they ask/email/comment on the issue. For now though, at least we can point them to our response to your great question!

      (And as an aside, we hope to get back to publishing–at the very least–weekly trading journal entries again in the near future. We just have a few other things on our plate at the moment that have to take priority, and have not left the time required for tracking, organizing, writing, and publishing of these journal entries, unfortunately. We promise to return to the trenches as soon as possible though!)
      Regards,
      Jason

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