I think that not managing well how you can operate with this method is the main reason why you lost, I have always trusted my method, understanding the market with Wyckoff's theory, it helps me a lot to know what stage of the market we are and thus manage to take decisions to build positions, but binary options is not an option for me. I think that binary options have a lot of theory based on technical analysis at very specific levels, it could be used to do some scalping but I would not risk it.