Your Gain
Oct 02, 2020 at 08:06
1,298 Views
19 Replies
Member Since Jul 20, 2019
373 posts
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 11:44
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.
Member Since Jul 19, 2020
318 posts
Oct 02, 2020 at 12:35
It depends on the market situation. You can not say it specifically.
Oct 02, 2020 at 13:36
@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.
Member Since Jul 20, 2020
298 posts
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.
Member Since Jul 20, 2020
341 posts
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.
Oct 12, 2020 at 08:19
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.
Member Since Jun 09, 2020
36 posts
Oct 12, 2020 at 13:03
It’s not consistent. Anywhere between 50 to 100 pips on a good day.
Member Since Jul 23, 2020
869 posts
Oct 29, 2020 at 16:44
ElliotCooke posted:Yeah. You are right. But having a target is good. But if you force your trading decision to achieve the goal is not good.
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.
Member Since Jul 05, 2019
12 posts
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
Member Since Sep 12, 2017
238 posts
Nov 03, 2020 at 12:23
i dont have fix number. but on an average I earn and lose 3-4 pips
Member Since Jun 26, 2020
327 posts
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.
Member Since Jun 22, 2020
77 posts
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
Member Since Jul 23, 2020
759 posts
May 09, 2021 at 14:07
Focus on growth and consistency rather than blindly trade for high profit.
Member Since Mar 17, 2021
536 posts
Dec 29, 2021 at 06:00
UweMoench posted:Making consistent profit is not so easy. you need to have proper knowledge and experience.
Success begins when you begin to earn money on constant basis. Some arbitrary winning trades isn't success. It requires time and effort to achieve success.
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