Managing binary signal trades means you still follow your chart and price action — that’s just part of trading, in general.
Managing Binary Signal Trades
In this video, Gail Mercer, founder of TradersHelpDesk, shows you why she still follows her charts on all the binary signals. It is not an enter and forget scenario. Instead, traders should be able to follow price action to determine whether to stay with the trade or scratch the trade with either a small gain or minimal loss. In other words, when price is showing that the market may go against your position, instead of relying on hope, exit and wait for a new trade. There are trade opportunities all day, everyday.
You may also want to read on how the Gamma affects binary options, as well.
You can also learn to filter your trades using higher timeframes in this video.