Today, we are going to talk about a method to limit the risk and be performant on Binary Options.
This document is not a technical analysis for Binary Options, it's just a personal method to help people to manage there wallet, stress and time.
- What is a S.M.A.R.T objective ?
S. : specific
M. : Measurable
A. : Ambitious
R. : Relevant
T. : Time-bound
A S.M.A.R.T objective is a management method used on companies to set and measure expected performance of a collaborator.
- What is the relationship with Binary Options ?
I personally use S.M.A.R.T objective to try the Binary Options competition.
It's help me to fixe my objective by day to reach a good rank at the end of the month.
The difficulty on the Binary Options contests is to stay at a good rank all to the end of the competition.
In addition, the wager limit is 1000USD by day, so you are limited and you can just risk this amount.
I use a spreadsheet with all open days and for each day I write the account value to reach, and the amount really reached.
Start account : Start to 0 at the month start, and previous final account the other days.
Objective : (Month objective - current account value) / (days count to the mo…