11 months ago, I’ll admit, I was nothing more than a half-blind, leading blind – on a journey to make money in binary options trading. Back then, with 10 or 11 other folks – we were left high and dry by a pack of “Binary Gurus” who really nothing more than just marketers who knew how to hype things up. While I didn’t exactly know how to do it, but with some knowledge of reading forex charts, i believed it was possible. We COULD actually make money in binary options trading.
Along the way, people took digs at me. I made stupid mistakes and felt stupid. I even remember the times I was calling trades but didn’t even dare to take them myself, because my account started with $200 was down to $57.50.
I screwed up. Not once, but more than a few times. There were the times I messed up so bad, not just on my own account, but in making bad trading calls, leading more than a few gungho trade followers on my daily webinar sessions blow their accounts. I felt TERRIBLE. In fact, I felt like waiving the white flag. I felt like quitting. I’m sure several of those people who got burnt quit. I’m not even sure if they’ve still been watching from the sidelines. Some probably even hate me.
In just one the bad times, drawn down 60% on my own account, 14 members with blown accounts… (may not be the actual numbers but an estimate) it was TOO CONVENIENT to delete the group disappear from Facebook, un-publish my videos on Youtube. Back when The Binary Lab was still 130-something, 14 members may have bowed out, BUT 116 members STILL BELIEVED IN ME, and neither was I going to have people pass remarks that I’m no different from the same pack of “phoney experts” that I loathed enough to start my own group.
It’s been months since then. On a weekly basis we win 70-80+% of the time. We even had a few 100% win sessions in the last weeks. My 4th binary options account started with $10k has produced over half a million in profit. Often, the wins are bigger than the losses too. It HAS been rosy. But I still like to keep it real. I still like mentally revisiting our humble beginnings, and I still go over old trading notes – to remind myself of “tuition fees” paid to certain disasters in bad judgement, and to keep myself grounded and on track. I’m glad I didn’t give up, and I’m thankful for all the members who have stood by, and kept up the dream, and kept on trading till this very day.
To borrow the cliched words of Spiderman,
“With Great Power, Comes Great Responsibility”.
Members of the Binary Lab, thank you for giving me that Cross, and heaving it with me. I love all of you guys.
Founder and Master Trader,
The Binary Lab
P.S. Here’s a shot of trades I took today.
Tips, Disclaimer & Risk-Disclosure: When you trade Binary Options, you are basically trading Risk for Reward. Other than a good set of trading methodology, you also need to be a good master of your trading psychology. Or else, you’ll find that losing money becomes as easy, or even, easier than making it. I didn’t start out large either. Don’t feel like you have to match these trade sizes. Work within your margin and achieve steady gains. The key to long term success in Binary Options Trading is survival. Always live to trade another day. The longer you stay around, the more you will learn, and the better a trader you will become. Join 1000+ traders and start your Binary Options Success Journey by applying to join The Binary Lab here!