Hello everybody! I’m hoping that somebody may be able to provide some feedback on short term / high return online trading. I’m currently working on a term project titled “Short Term - High Return Online Trading”.
The objective of the project is to identify online trading opportunities of any type that have the potential to provide substantial returns in the short term. I am starting with $5000 (real cash) and I need to make a minimum of 100 trades in 3 months.
My bankroll and returns can all be used in any way that I choose as long as all trades are justified and documented. We are being encouraged to diversify our portfolio with some unique hybrid type investments.
I am currently looking at a few websites that offer “Binary Options”. Does anybody have an opinion on online binary options trading? What are the best binary options websites? I am very interested in currency, and I also have an interest in lumber. I’m not sure if any of these binary options sites offer options on the price of lumber?
I am looking forward to, and would greatly appreciate any feedback/ suggestions/ advice/ comments/ etc.
Yeah your probably going to need to go algorithmic. 5000$ is ok as long as you keep your risk low. However you don’t have a strategy, at least you didn’t mention one, so your probably going to be net down after 100 trades. Binary options are hard to beat your going to need like 80%+ win rates. To me it sounds like your searching for a holy grail, good luck on your quest. “choose wisely”
I think it’s really confusing, are you doing some research or trying to make real profit here? Because I think it’s not about portfolio, it’s all about trading skill. It doesn’t matter what you’re trading with proper skill and knowledge 3 months is enough to make some nice profit. But without skill and knowledge, any portfolio could blow your $5000 within a day.
I have to correct you in one fact you stated. You do not need an 80%+ win percentage on binary options. It depends on the strategy you use and you can be quite profitable with 60%. I hover around that level and make money on most days. The win percentage can be very misleading (you are correct if you assume every trade is the same $ value, i.e. $20 per trade). You can have less than 50% win percentage and be profitable, although that would indicate that you are gambling and get lucky. I hope you get my point.
Good post here. Paper research definitely will not help to earn real profit. Because a lot of theories fail when it comes to real trading. You need to do practical research in order to understand the depth of investments.
when i was looking into binary the commissions and payout structure were horrible. this is the conclusion i came to. If you can show that the theta, delta and vegas are now viable vs the payout structure that the brokers are giving you then ok. But as far as i was concerned using option strategy was not viable. This was a couple years ago though.
As with all trading, money management is key. If you try and exclude your weekends you’re looking at 2 trades a day to meet the minimum requirement. Shouldn’t be too hard to achieve.
I think the payout structure is different between different option brokers/platforms. Maybe the landscape has changed. I have only traded them since 2012.