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What percentage ITM do you have?

ehenderichsehenderichs Posts: 22
From other topics I know some are doing well and even well enough to make money consistently.
I am curious about your statistics: % ITM, %OTM, %ATM.

Since I started a journal, still trading demo account though, I logged about 50 trades and am roughly 63% ITM. To get an idea of what is achievable I hope you can/want to provide your statistics.

Comments

  • The_Geek_MHThe_Geek_MH Posts: 839 mod
    about 60% is a good rate. My long term rate, over the past 3 or more years, tends to run about 60%. Sometimes I do poorly, 50% or so in a bad month, sometime very very good, over 75%, but overall about 60%. The key is to stay above 55%, the generally accepted rate to be profitable with binary.
  • ehenderichsehenderichs Posts: 22
    So know I have logged about 70+ trades using the same strategy and the ITM droppen to about 60%. So that is not to bad I guess. I still want to test another strategy, also about 70+ trades, before moving the real money trades. At some point I do need to train the mental aspect of losing my own money. Although I have to say I am already pretty disappointed to lose a trade, so some more demo trades won't be a bad thing.
  • The_Geek_MHThe_Geek_MH Posts: 839 mod
    Losing, it happens, you can't let it get to you. Follow your rules, stick to money management systems (I used to only trade a percent but now I stick to $500... it takes a lot of guesswork out and I never lose too much) and eventually you won't even notice a loss. I focus on the next trade, and my overall win rate... sometimes I notice if I have a streak of losses but again, I tend to focus on the next trade more than if I win or lose the last trade.. it takes time but overcoming the emotional aspect can be done. Not saying I still don't have issues from time to time but for the most part, it doesn't bother me.
  • ehenderichsehenderichs Posts: 22
    Does damn emotions hahaha. This needs some practising off course. Many years ago I played online poker for quit some time. Here you also need to keep your emotions in check, hopefully lessons learned during this period are not all gone.
  • The_Geek_MHThe_Geek_MH Posts: 839 mod
    it's the same... don't get exited and blow your wad, don't get discouraged and fail to make a good trade when you see it, never trade more money than you can afford to lose at one time.
  • ehenderichsehenderichs Posts: 22
    sounds the same indeed
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