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[Oluti]

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.

* What is my method ?
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.

 

[kerryjoy]

Using an S.M.A.R.T. framework to manage discipline and risk in binary options is, in my opinion, a clever way to incorporate business strategy into trading. I truly appreciate how you're keeping track of daily goals versus outcomes because it fosters accountability and keeps emotional overtrading at bay. A systematic, time-bound approach like yours is a wise way to lower stress and boost consistency because binary options can easily entice rash decisions. I also concur that competitions have the potential to divert attention from astute trading to aggressive ranking, and your approach effectively manages that pressure.