Striker9 Review

Early Take-Aways / Observations of the Striker9 Binary Options Trading System

Half way through our Striker9 review; wanted to share some early observations through our 1st 10 days trading the system:

• Striker9 Light works best on binary options trading platforms with short ‘lock-out’ periods like OptionBit
• Easy to understand and implement. Videos were helpful in explaining the system and for periodic review.
• Good system for those who have little to no experience trading binary options over short intervals or who simply don’t have a disciplined system/approach to trading.
• May not be the best fit for experienced traders or those with extensive experience trading stocks over short-intervals.

These are our early observations of Striker9, feel free to read our real-time review below for greater detail. We will be finishing up the review next week and will publish our final analysis here.

Striker9 Binary Options Trading System Review

Over the next few weeks we will be testing out the Striker9 binary options trading system and posting daily returns for readers of this site and our partner site DerivStrategies. With documented returns in excess of 80% and it being the first trading system designed specifically for binary options trading, we figured we needed to test it out to see if this is something you should consider purchasing. Check back in frequently as we will take you through the steps and share our results with you:

Striker9 Registration:

Submitted payment for the Striker9 Lite Version through PayPal this morning. Plimus is handling the order processing for Striker9 and we received an email after purchasing that the order is currently being reviewed “for quality purposes, this process is usually completed within a few minutes, however, please allow up to 12 hours to hear back from us.”

Received an automated call from Plimus to verify the purchase and received an email receipt and a license registration email from Striker9. Registration took 2 minutes and then I was granted access to the system which looks to consist of 7 videos and 2 PDFs. Spoke too soon, was not granted immediate access was instructed to send an email to support who then sent an email back with full access to the system.

Striker9 Binary Options Trading System First Impressions

Working through the videos now, not a fan of this guy’s presentation style. Something about his monotone voice and ‘you knows’ and ‘oks’ irks me but I’ve put that on the back burner and am forging through the information. The system in itself seems pretty easy to learn and, looking back over the many examples the Striker9 guys provide in the videos, seems to yield winning trades the majority of the time, so needless to say I’m pretty anxious to test drive Striker9 in the morning. In the meantime I’m digging through some historical charts to see just how accurate this system would’ve been over the past 6 months (while acknowledging true trading and back testing are 2 very different things and past performance is no guarantee for future results, or something like that). So on first impression, not overly impressed with the presentation of the material but if the Striker9 binary options trading system works like they are touting it to have in the past few months it will not matter. Hey as long as I can make back the $197 I paid for it I’ll be pretty happy. Tomorrow we are live with posted results so check back in:

Striker9 Light Trading Day 1:

Reviewed a couple of the videos again this morning to make sure I had the system down as much as I can in 1 day. Unfortunately I wasn’t quick enough to pick up the binary options signal for an Amazon (AMZN) binary call opportunity that would have netted me a cool 81% on EZTrader. Because I only purchased the Striker9 Light version, my trading review is done for the day as the Full Striker9 program incorporates a different system into picking entry points. So in the end NO TRADES today, back to studying the system and preparing for tomorrow’s opportunities.

Striker9 Light Trading Day 2:

Started analyzing opportunities around 10:00, really thought Apple was going to make the cut but alas no Apple (AAPL) trade today. However Amazon (AMZN) set up pretty nicely for a binary put purchase. I pulled the trigger and within a few minutes AMZN shares were down 25 cents, however my foray in-the-money was short lived as AMZN rallied and I was out $47.50. I guess we’ll be starting in the hole on this Trading System review. I intend to make at least 20 trades before declaring a verdict.

Striker9 Light Trading Day 3:

Came down to Apple and Amazon again today and this time I was fortunate enough to catch the binary options signal in time to purchase a binary put on AMZN. While it wasn’t an overwhelming slam-dunk type of victory (was holding my breath until the end) it was a victory nonetheless. Winner, winner chicken dinner! So now we’re up to 50% in the winning percentage column and a slight loss in the P/L column due to differences in binary options trading platform winning and losing percentages.

Striker9 Light Trading Day 4:

Reviewed the videos again today to make sure I’m well prepared for today’s binary options trading. Interesting setups this morning as it seems most of the major names I like to trade using this system are bumping up against short term resistance AND support leaving very little area to place trades. Apple for one is trading right around $250, likely having to do with the “pin risk” effect we’ve noted in previous reports. That being said it’s pretty hard to take a definitive binary option position with many forces working against each other. Another thing I’ve noticed with the Striker9 binary options trading system is the ‘lock-out’ period is very important. I’ve been using EZTrader to date, but I would likely be better off using this system in conjunction with OptionBit or Anyoption as they have much shorter lock-out periods, 5-minutes vs. 15-minutes for EZTrader. Something to keep in mind when using the system. As for today’s trades, against my better judgment I purchased binary put options on both Google (GOOG) and Amazon (AMZN), as the system suggested I do such. Well I’m glad I did as both binary put positions ended up in-the-money, barely ($0.13 on AMZN and $0.40 on GOOG), but still another winning day. AMZN is clearly becoming one of my favorite stocks to play in this Striker9 System. So we end the week on a 2-day win streak and more importantly in-the-money. Check back in on Monday for Day 5 of the Striker9 Light Binary Options Trading System review.

Striker9 Light Trading Day 5:

Week 2 starts off with a NO TRADE day. I despise no trade days as I want to be out there trading and documenting results for you but I’m not going to trade for trades sake as that would defeat the purpose of this review.  However one thing is becoming overwhelmingly clear: the Striker9 binary options trading system works best on  platforms with short lock-out periods. I would’ve been able to trade a couple of my target names had I not been locked out at 10:45 on the EZTrader platform. The 5-minute lock-out periods on OptionBit would seem to be optimal for trading this system.

Striker9 Light Trading Day 6:

Winner, winner chicken dinner! Finally got to trade AAPL today, not sure what my fascination is with AAPL maybe it’s just that I tried last week to trade it every day and never was afforded a strong entry point. Trading with the Striker9 Light Version of this binary options trading system forces you to trade the first 90 minutes and a lot of the time these names are consolidating around moving averages after their initial moves which makes it a tough call when placing trades. I’m trying to ignore my previous trading theories when trading this system so I can offer a legit unbiased review, but it is hard to break old habits. Anyways I’ll chalk up another victory with a binary call option purchase in AAPL and highlight my stats below:

Striker9 Light Trading Day 7:

I know I keep repeating it but the ‘lock-out’ period is becoming an issue in terms of getting trades off in the Striker9 system. I initially chose EZTrader due to its relatively large number of US based equities, which I’ve been trading for some time now as well as its generous deposit bonus ($250 for deposits of $550) but I’m realizing the extra 10 minutes of binary options trading time a platform like OptionBit offers will likely become a longer term benefit. OptionBit is not stingy with the bonuses either (average of ~30%). The reason I haven’t switched over yet is because I’m still trading bonus money with EZTrader at this point. I’m using $50 trades for this review and when you add the $250 + my winnings thus far I’m still firmly in the money. As for today’s trade took a loss on an AAPL binary put option purchase (which would’ve been avoided had I had more time to trade. Oh well back to the drawing board.

Striker9 Light Trading Day 8:

Patience is the operative word for the day. I find myself trying to force trades before the signal is confirmed, much of this is due to the limited ‘trading window’ of the Striker9 Light binary options trading system and the other part is pressure to to not have another “No Trade’ day. Unfortunately that is exactly what we got today NO TRADE, and even more unfortunately I fell victim to the 15-minute lock out period of EZTrader again. Look at the stock movement of KO, MSFT, and NKE between 10:45 and 10:55, I would’ve been able to capitalize on it using Striker9 Light. So I’m ready to firmly state that if you are thinking of ordering up the Striker9 Light Binary Options Trading System DO NOT use it with EZTrader. This may not hold true for Striker9 Pro as that system allows you to trade the full day. I would recommend OptionBit to use with this system. Actually I’m going to use OptionBit for the remainder of this review, then finally I should be able to get off more than 6 trades in 2 weeks.

Striker9 Light Trading Day 9:

Funded my OptionBit account this weekend to test the Striker9 binary options trading system with a 5 minute lock-out period. Full disclosure, since I still have the majority of my trading funds with EZTrader I only funded my OptionBit account with a small amount and when trading in the OptionBit account I’ll more than likely be using an amount less than $50, so as to not break the “5% rule”. But for consistency sake I’ll calculate the the total profit/loss based on $50 trades. FYI- OptionBit allows you to risk as little as $10 per binary options trade.

The switch to OptionBit has paid dividends already. I was able to purchase binary call options on GOOG and AAPL around 10:50, check the moves for both between 10:45 and 10:55, and eke out 2 small victories. I wouldn’t have been able to make these trades had I continued to trade on EZTrader. Thus rack up 2 more wins for Striker9, bringing my win% back up to 75%.

Striker9 Light Trading Day 10:

Extremely small victory in AAPL today on a binary put option purchase. The line between winning and losing is shrinking with the smaller ‘lock-out’ period, leading to some nail-biting in the final seconds. So far I’ve been on the fortunate side, so I’m not going to complain.

Striker9 Light Trading Day 11:

Caught a nice little upside break-out in GOOG to rack up another victory. That now makes 8 wins and 2 losses through 10 binary options trades. Interesting early action as I was anticipating a pull-back reversal to play but never got it. AAPL followed a steady trend higher making it difficult to trade under the Striker9 Light system. I really would like to test out the full Striker9 Pro System so I could trade all day, but the price tag ($1,997) makes me want to continue to test the Light version out until I’m more confident this works over the long haul.

Striker9 Light Trading Day 12:

Got off 2 trades this morning, purchasing a binary call option on AAPL and purchasing a binary put option in NKE. Won on AAPL and lost on NKE; this drops the winning percentage back down to 75% through 12 trades. Not sure if I’ll trade tomorrow, but am aiming to finish the review by the end of next week.

Striker9 Light Trading Day 13:

The winning trend continues as a binary call option purchase of AAPL landed in the money. The Striker9 binary options trading system suggested I buy AAPL at an earlier time (lower price too) but I decided to wait until the last minute before the lock-out period to place the trade. I sacrificed a few cents for an extra few minutes to see if the opportunity would remain. Either way the trade ended in the money bringing my win % up to 77%. Tomorrow will be the last day of the real-time review. I’ll continue to use the system and post from time to time updates and tips on how to best use the Striker9 Light system.

Striker9 Light Trading Day 14:

Well we finish up the Striker9 Light binary options trading system review with a NO TRADE day as stocks traded on their 8 or 20 period moving averages and pretty much stayed there during the time when we were looking to initiate a position. So not the best of endings to this review, but with a final winning % of 77% we can firmly recommend the Striker9 Light system as a worthy investment, especially for beginner to intermediate traders.