How many pip you earn in every deal?
how many pip you earn in every week and month?
how many pip you earn in every week and month?
Oct 02 2020 at 08:25
My goal is something between 10 to 100 pips per trade, but it also depends on the asset you're trading and also on the market conditions and own mindset at that very time when I start or close a trade. For weekly or monthly results I don't have any pip-goals; I'm looking more on the percentage-gain. A monthly gain between 0.5% and 10% is okay for me, because that's most realistic on long terms (e.g. if you're trading an account for more than 2 years). Everything else is just gambling not trading. This is how 3 of my accounts are looking like this year:
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patience is the key
Oct 02 2020 at 10:47
My trading style is conservative. My focus is on small gains and on a continuous basis without the need for so much exposure to risk.
Yield estimate: 1000 pips per month
Profit average per trade: $1 (100 points)
Yield estimate: 1000 pips per month
Profit average per trade: $1 (100 points)
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It's not specific and it should be specific. It depends on market situation. In some weeks you can get a lot of good trades. In some weeks it could be very few or none. Profit target should be quarterly or half yearly. Daily target sometimes causes psychological pressure resulting in unnecessary trades and loss.
Oct 02 2020 at 12:35
It depends on the market situation. You can not say it specifically.
@Michihito said it right. Every trader's target should be different. It should be based on trading skills. We should not compare ourselves with how many pips others are making. We should focus on our individual skills and experience.
Oct 07 2020 at 23:34
I plan before trading. I never trade without a plan. I have a profit target of 200 pips per month. That means 50 pips a week and 10 pips regular. When there is a loss in a trade, I try to cover that loss with a risk-reward.
Oct 08 2020 at 18:19
Having a target is good. But I don't think it is wise to try making a specific amount of money every day. Your earning will depend on the market situation.
Market situations affect every aspect of trade and it is not easy to specify a particular target. It also depends on what you are trading in and what the profit margin is. Focusing on petty or small gains could help in fulfilling short term goals.
Oct 12 2020 at 13:03
It’s not consistent. Anywhere between 50 to 100 pips on a good day.
Oct 29 2020 at 16:44
ElliotCooke posted:
Having a target is good. But I don't think it is wise to try making a specific amount of money every day. Your earning will depend on the market situation.
Yeah. You are right. But having a target is good. But if you force your trading decision to achieve the goal is not good.
Targeted profit is part of the strategy. I find it most effective to close day trades with gains of 25 to 50 pips. (average value for all deals). If the market allows, you can raise this indicator to 70 points. But this is more the exception than the rule.
Nov 03 2020 at 11:02
But how do you know when to close early and when to leave a trade to run. Also, what stop loss are you using to get 25 pips? If you use a 50 pip SL to get 25 pips then you will end up in loss eventually
Nov 03 2020 at 12:23
i dont have fix number. but on an average I earn and lose 3-4 pips
Dec 02 2020 at 09:48
I focus on small gains at a time because I believe that they will pave the way to bigger profits.
Dec 03 2020 at 02:59
i always try to bring good trading habit with personal , i think its a real gain than all others , actually habit is a thing which is most valuable assist in the world.
its a fine line you have told , habit is everything because it runs the life ,
i always try to maintain my focus and discipline level.
i always try to maintain my focus and discipline level.
Dec 03 2020 at 06:33
As long as I was able to make a consistency in profit, i really did not care about how much pips have I been making
Dec 24 2020 at 05:01
Well, that depends on different factors and how the trade is going. Consistency is what I am aiming for.
May 09 2021 at 14:07
Focus on growth and consistency rather than blindly trade for high profit.
