Managing a binary options trade is something that most traders struggle with. Traders need to have a specific entry and exit criteria for all trades, futures, forex, and binary options.
Managing a Binary Options Trade
In this video, Gail shows an entry on the Dow Jones (using binary options) and explains why she opted to exit the trade early — instead of remaining in the trade “hoping” it would go in her direction. Since price bars and price patterns are a cornerstone of trading, it only makes sense to use this information for managing a trade.
If you enjoyed this video, you may want to watch another video on managing trades that Gail posted on using bar by bar analysis.