100% Success With B.O.

First of all, I wanted to mention there are some dynamite guest posts waiting in the wings. One in particular by Molecool is particularly good. I look forward to publishing those generous posts later.

Second, the title of this post doesn’t refer to my success at repelling women with body odor (my charming personality, plus the fact that I’m married, already does a great job of that). I’m referring to Binary Options,about which I wrote last night, and yep, I placed and closed my first trade. And I’m delighted to report that first trade yielded a profit!

Now let me jump in right now and say that I don’t have any business dealings with Butch, Dutch, NADEX, or anyone/anything else related to binary options. I’m sharing this simply as part of my own personal story as a trader and, frankly, Butch and Dutch have been so ridiculously generous with Slope and its readers that if my discussion helps promote what they’re doing in any way, that’s just fine with me.

The trading idea they offered (marked below with a red arrow) was to sell the binary option of silver trading above 16.30. In other words, to bet that silver would not close above 16.30 by the end of its trading day. I entered the price suggested and, once silver zoomed higher, that price was swiftly executed (clearly I could have gotten a better price, but that’s besides the point).

I very nervously kept an eye on silver, and I wrote Dutch and Butch that I was in my first trade (I left out any part that “This sure as hell better work out!” since I figured this was my decision and my problem, not theirs!) What a relief I felt when silver swooned lower. At the green arrow, Butch suggested taking profits, and I did.

If I had larger gonads, I might have just hung on to the trade until it expired “false” (which it looks like it will), saving me a little bit of commission and yielding a little more profit. But, frankly, the psychological win of having my first trade be a winner was worth the modest sacrifice.

Print Friendly, PDF & Email

Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

Share This Post On

Submit a Comment

Your email address will not be published. Required fields are marked *