60 Second Trading on Redwood Options
60 Second Trading on Redwood OptionsMay 5, 2013
Trading 60 second options on Redwood is without a doubt one of the most positive experiences I have reccently had in terms of getting value for your invested money.
I deposited $500 with my Amex card and started executing trades on GOOG and AAPL stock based on a 70% expected return ratio. At the same time I had multiple open positions on USD/CHF and EUR/GBP with contracts about to expire tomorrow. I usually have a few long holds against my 60 sec options to offeset potential loss on high risk trades.
Additionally, I started implementing the concepts of high frequency or rapid fire trading strategies and move in and out of trades in very short periods of time. I usually wait for certain candlestick formations as indicators to understand the general trend. For example, if I see repetitive kicker patterns on a certain stock, I know the general direction is upwards, so I use that momentum and based on those entry signals I alternate accordingly.
My methodologies have allowed me to make gains in excess of 14,000 during the month of April, and I have advised my colleagues to diversify their portfolio and start investing in binary options. While the risk is high, if you work the signals correctly and anticipate the right outcome, you will most definitely end up cashing out and making a lot of money.