Actually everyone's expectation is different. Understanding, knowledge and strategy are also different. Yes 10 to 20 pips per day can be good enough if you can consistently make it. And when your target is 10 pips daily you may be need to increase your lot size. Hence risk comes. You have to be skilled and disciplined.
Dec 23 2020 at 17:38
Set TP according your risk reward ratio. I use minimum 1:2 risk reward and set TP according to that ratio.
Dec 23 2020 at 19:33
Just follow your ATR
Dec 24 2020 at 01:23
I trade monthly with a target of 200 pips. If you do not meet the target, then think of moving forward with a positive mindset.
My target always is 10 to 15 pips. Can’t afford big losses at this time in my life.
Dec 31 2020 at 12:26
My projected expectations are about 40-60 pips per trade. It is convenient for me to trade in this way. This is my trading strategy.
Dec 31 2020 at 23:15
I'm an intraday/ intraweek trend trader. My ratio is 1:1.75. I've found I miss out on 1:1.5 and 2:1 I break even more than I would like. The 2 latter mess with my Psych in my trading system, so I stick with 1.75. Hopefully, this helps. Happy New Years and Cheers!
Seek first to understand, then be understood.
In addition to creating a strategy, it is important to focus on profit targets. If there is no target for profit, then this kind of mentality can be a problem.
Jan 01 at 01:52
If there is a target for anything, it becomes easy to achieve that thing. Therefore, it is essential to have a profit target in trading.
Jan 01 at 16:48
My profit target varies on market condition and strategy. I have no fixed TP.
