Hi Rsh01,
First thanks for the reply. I want to try if I can to clear a few of these points up, as unfortunately I think you guys are getting slightly the wrong picture of it all. Perhaps I am the cause of that, either way here we go,....
First and foremost, our cash flow. Yes we do have a large buffer. Unfortunately you will never be able or be given access to see the inner financials at any time. The way we keep on top of it is by monitoring traders trade by trade and assessing + branding them on different risk levels and actively managing things from there.
The limits that we have with our system and cash flow can almost (knocks wood) never be reached as 99% of the time anyway, there are no traders out there with the skills necessary to do that, in Binary Options anyway! Plus please understand, in order to achieve in one month $100k+ profits, the trade volume involved in achieving that!!! NO ONE has a 100% hit rate for extended periods of time.If you are 60-70% in the money (winning trades, which is also rare to see by the way), you would have to trade at least $250k - $500k in traded volume at least if not more to get level of profits. Very unlikely for anyone out there to do so. Long story short it is about as likely that I would find Aladdin's genie and get my wish granted for two Angelina Jolie twins to be my live in bathing maids....Just to put it in perspective The largest start a new trader can take with us is $100k. After the first 3 months that can be raised and enlarged but not until we have a grasp on who we are dealing with for obvious reasons, with larger money comes a larger risk. As you may imagine, only a select few have that kind of cash power and most of the time it is more entertainment value for them, the princes, sheiks and so on are more interested it seems in the buzz and adrenaline factor rather than the trading aspect.
Withdrawals paid as fast as banking processes can go IS actually a key selling point for us and binary options. You may not know this, but the majority of platforms out there are not content with just taking profits from the losses, they are unwilling to send money quickly and will constantly delay on payments. Citing further compliance needed or other rubbish reasons, all with the aim of pushing back the sending of funds as they know most will just continue to trade it off out of frustration. We therefore are getting known as the most trustworthy to deal with when it comes to withdrawals, again to reiterate a massive selling point for us in the Binary industry.
Now to client losses. Just because I was up front and blunt about it, it doesnt mean that you need to act as if I am satan sucking out the life force of these people and grinding their bones to make my bread. The simplest way I can put this is to explain the key factor I am interested in day by day and month by month. I am talking about total volume traded. Trader by trader I don't give a damn, if they win or lose. Truly I don't, as a majority will always lose. It is the total volume traded that interests me more as we take roughly 10% of total traded volume as our revenue. That is how it works when the product itself is 50/50 and as an example a trader can lose 100% but make 80% profit on a trade. You almost always have 10% either side of the trade. 5-10% of that goes on actual costs and systems, the remainder after paying all bills to run the damn thing is profit.
The noobies in my mind follow what they read online, in forums, chats and "review sites". The majority of which are run by veteran/experienced traders of Binary. The more success the veterans and experienced traders see, the more they spread the good word and push GOptions.com out there, the more new traders sign up and start to trade with us. Again win, lose or draw it really doesn't matter to us as the system is a numbers game, one very well designed to make sure as long as you have cash flow and keep producing trade volume, that the profits keep coming and the business carries on.
To be brutally frank with you, our inner financials and more are not up for being posted out in the open, I do have to draw a line somewhere as it is critical sensitive info, and info my competition could use against me. However, as you can see I am always able to give an answer to you and reply to some very tricky statements and questions you put out there.
As to my pic posts sometimes I cut off the end of the pic as I am thoroughly addicted to trading 60 second trades and when I am posting about some long term trades and ideas I want the results and images to be clean and to the point...If I have a bunch of other expiry's there or positions not related to my post there is no point in putting them there
Should anyone want to have a go, I am more than happy to let them into my account for a small period of time to check it all out, again, I will not hide anything away in the shadows, PM me anytime if you want further info on doing that.
I didn't get on google in the end yesterday just had too much on, thank you for a fantastic response full of tricky stuff to answer, that is what I am doing this for, to show that we are not afraid to be here and answer the probing questions that intelligent and well experienced traders like yourself ask.
I will be hitting out more trades from Monday, all feedback is welcome, wish you all a great weekend and again thanks for the responses to my thread.
Mr Stone
