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I made just under 40 trades today, using 30 second candles with a 1-2 minute expiration.
Can you set a stop loss on pocket options? Pocket Option provides risk management tools like Stop Loss and Take Profit orders, helping traders limit potential losses and secure profits automatically.
Do you need 25k to day trade options? The $25k requirement for day trading is a rule set by FINRA. It's designed to protect investors from the risks of day trading. By requiring a minimum equity of $25k, FINRA ensures that investors have enough capital to absorb potential losses. But remember, even with $25k, day trading is still a high-risk activity.
Sometimes I get on a great winning streak, and then I'll lose a few. I use Martingale to try to make up my losses, and cut myself off if I lose with the Martingale too. I'll find another market and wait for another entry.
I trade OTC markets because they pay better and most of the time I have to trade is when the real markets are closed.
I'm not a beginner. I've been trading crypto and stocks for several years, and binary options for a little over a year. But in all that time, I'm still not profitable. Today, after almost 40 trades, I ended up with a very small loss in my account.
So, what am I doing wrong?