You may already know that I write Tips From The Geek every week at BinaryOptionsThatSuck.com. If you don’t know, this is your head’s up. I write a column every every week outlining my top five trading tips. I trade a variety of assets including the S&P 500, Oil, Gold, a few stocks and a couple of currency pairs. I’ve been doing this for over two years as part of my work at BOTS and along with the column I have also been keeping track of my trades on Communitraders. Communitraders is the new binary options social trading platform that allows traders to connect, trade, share and follow each other.
Communitraders is Now Live
Up until recently Communitraders has be in beta testing but it is now fully functional. The new Communitraders 2.0 includes all the same great features with the added bonus of being able to copy trades into a live trading account. That’s right, Communitraders is now a fully functional social and copy trading platform, not just a great free demo trading platform and social forum.
What does this mean for you, me and the Geek Account? Lot’s. It means that not only can you follow my trading through the weekly article and forum posts you can now copy them into your own account.
The Geek Account and Geek Strategy is the culmination of more than ten years of trading, learning, watching, losing, crying, learning some more, and finally succeeding as a trader. I have lived through a trial by fire and come through hardened, but at the same time more flexible and fluid in my trading. I stick to strict money management rules that keep my trades small and numerous while at the same time relieve me of the burden of having to decide each time just how much to risk. I may have up to 15 or more open trades at any one time, with no one more than 2% of my account. I am a trend follower; I utilize support and resistance, stochastic, MACD, moving averages, Fibonacci Retracement and often other tools to analyze the market.
Although I am at heart a chartist and technical trader I also have a grounding in fundamentals and the economy. I can say without shame that I am an economy watcher and use my observations in my technical analysis. I make five trades each week, early on Monday morning as the markets are first waking up. You can use my tips for the duration of the week, providing you adjust expiry to suit. If you want to make my trades when I make then you can choose the AutoCopy feature available on the platform.
I tend to stick with one week and one month expiry but also use 3 day and end of day when the signals warrant. To date, and this varies from day to day as one trade closes in the money and another closes out of the money, to date I am over 60% correct in my trades.
60% is not much when you compare me to claims of 70,80,90 and 100% success rates but I assure you, my claim is true. Each and every one of my trades placed in the Geek Account is available for viewing on Communitraders with statistics showing my winning, losing, best, worst and other trades. The thing I think that is really great about the Communitraders Social Copy Trading Network is that you don’t have to copy all of my trades, or all of anybody’s trades. Check out my stats, see that I am best at the S&P 500, and then only follow those trades if that is what you want.
The screen shot above shows one of the nice times when all of my trades were in the green. This is not always the case but I am profitable over the long term and that is what counts. I have slowly built up my account and you can do the same. My tips and my style of trading may not be your style but there are many other traders on Communitraders you can follow, or make your own trades for us to see and follow!