Trading Journal Entry For 3-7-2014

It was yet another mostly flat trading day, with a modest morning gap up being quickly erased, and then indices oscillating within a relatively narrow range after that. All-in-all it wasn’t exactly terrible market conditions for a binary options day trader. But nor were they anywhere near ideal with that narrow range they were stuck in all day. And for that reason we only traded during a short period today, about an hour, during which we made just three trades in total. A 2-to-1 split left us with a modestly profitable day in the end.

daily s&p500 index chart for 3-7-2014


Our First trade of the day was on that old standby of ours, the S&P500 index. And as you can see from the picture we took below, it was a heck of a wild ride to the finish line. Frankly we just plain lucked out at the end there. It wasn’t the most solid of plays even from the beginning. None of today’s trades were. Which is exactly why we called it a day after only a few trades, things just didn’t feel right for us.

first s&p500 index trade for 3-7-2014

S&P500 Trade #1 Summary – High/Low Call Option

Trade Outcome: ITM
Entry Time / Expiry:
 18:32 / 19:00
Investment: $100
Returns Offered: 70%
Entry Rate / Expiry Rate: 1874.76 / 1875.18
Returns Received: $170.00
Profit/Loss: $70.00 Profit

Prior to the closing of our first trade, however, we opened a second, shorter-dated trade on the EUR/USD currency pair which actually expired before the S&P trade. We purchased the contract with only about six minutes remaining until expiry because we were only expecting a very short-term up trend before its next down leg (prior to its next leg up. EUR/USD was very much trending up today, with fairly predictable waves up and down). This trade too worked out in the end, with another ITM finish.

eur/usd currency pair trade for 3-7-2014

EUR/USD Trade Summary – High/Low Call Option

Trade Outcome: ITM
Entry Time / Expiry:
 18:39 / 18:45
Investment: $100
Returns Offered: 81%
Entry Rate / Expiry Rate: 1.38756 / 1.38764
Returns Received: $181.00
Profit/Loss: $81.00 Profit

Our last trade of the day came after a break of nearly an hour, during which time we simply didn’t like anything we were seeing, and was on S&P500 index again. We should have passed on this one as well, it turns out. And this is also the point where we decided to call it quits for the day. Even though this left us with two wins and only one loss so far for the day, we just didn’t like our odds for improving on that standing at all. A “quit why you’re ahead” approach seemed the most prudent course of action for us. And unfortunately, upon looking through today’s screenshots we discovered that somehow we missed taking one of this last trade (you can, of course, see the details in our investment history image though). Sorry!

S&P500 Trade #2 Summary – High/Low Put Option

Trade Outcome: OTM
Entry Time / Expiry:
 19:52 / 20:00
Investment: $100
Returns Offered: 70%
OTM Refund Rate: 10%
Entry Rate / Expiry Rate: 1875.22 / 1875.70
Returns Received: $10.00
Profit/Loss: -$90.00 Loss

daily investment history totals for 3-7-2014

And that brings us to the day’s investment history outcomes and totals. All three trades which we made today were of your standard high/low variety, and all were for our standard $100 investment amount. Two were plays on our favorite index, the S&P500, and one was on the ever popular EUR/USD currency pair. Let’s take a look at the raw numbers below.

Daily Investments History Totals For 3-7-2014

Trades Made: Three (3) Standard High/Low
Trade Outcomes:
 Two (2) ITM + One (1) OTM
Total Investments: $300.00
Total Returns Received: $361.00
Total Daily Profit/Loss: +$61.00 Total Daily Profit
Daily ROI: +20.3% Daily ROI

In all the numbers were very similar to yesterday’s, with a $61 profit today, and a $65 profit yesterday. On a percentage basis, however, things look a little bit different. Yesterday’s $65 profit was “only” an 11.8% ROI, whereas today’s $61 profit is up there at a 20.3% ROI. So on a percentage basis today looks darn good. And it is in a way. Yesterday was the better day for trading though, and if we had kept going today these number would likely be much worse. Stay tuned for tomorrow’s weekly roundup post which summarizes all our binary options trading for this first week of March. Until next time, trade smart and be lucky people!

Monday, 3rd Trades | No Tuesday Trades | Wednesday, 5th Trades | Thursday, 6th Trades

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