How many pips a day ?
Member Since Nov 03, 2018
3 posts
Nov 09, 2018 at 10:47
(edited Nov 08, 2018 at 17:13)
Hi everybody.
I'm a newbie here and in forex too.
Just wondering how many pips are you doing each day (in long-ime average) ?
Thanks in advance
I'm a newbie here and in forex too.
Just wondering how many pips are you doing each day (in long-ime average) ?
Thanks in advance
Member Since Oct 26, 2018
10 posts
Nov 14, 2018 at 11:08
Daily is quite a short time frame to look at pips. I only look at monthly pips count. I am getting around 300 now but made a loss for long time
Member Since Aug 05, 2017
289 posts
Nov 14, 2018 at 11:56
Penrose2000 posted:
Daily is quite a short time frame to look at pips. I only look at monthly pips count. I am getting around 300 now but made a loss for long time
What turned around your trading?
Member Since Nov 03, 2018
3 posts
Nov 14, 2018 at 14:53
Penrose2000 posted:
Daily is quite a short time frame to look at pips. I only look at monthly pips count. I am getting around 300 now but made a loss for long time
thanks.
Member Since Aug 05, 2017
289 posts
Nov 15, 2018 at 10:47
300 pips a day consistently is a crazily good amount!
Member Since Nov 03, 2018
3 posts
Nov 15, 2018 at 11:22
jamesgwyther posted:I think he's saying 300 pips per month (not per day)
300 pips a day consistently is a crazily good amount!
Member Since Nov 08, 2018
1 posts
Nov 16, 2018 at 07:38
hi
Member Since Oct 29, 2017
10 posts
Nov 17, 2018 at 08:02
'I track all of my trading data/stats in excel. Even my best week after week runs have inconsistent day to day returns. I think a better look at any strategy is to look at your pip totals based on a rolling return. I use 5, 10, 15, 20 and 30 rolling pip returns. I believe that this assessment of your trading will let you know if you are on the right track. Do not use an arbitrary daily or even weekly goal because it will change but the change might be statistically predictable.'
and that is 5, 10, 15, 20 and 30 day rolling returns.
and that is 5, 10, 15, 20 and 30 day rolling returns.
Member Since Sep 12, 2015
1948 posts
Nov 17, 2018 at 13:59
20-30 pips a day is about normal for eur/usd, although I don't set limits on the amount of pips I make, some trades are 200 pips over a few days, I do control my stops though with most 10-15 pips or less, sometimes I move my stops up to take 50% or 75% all depends on chart pattern ,everyone has their own setup and it takes experience to run a trade to its max ,sometimes you will get it perfect, sometimes you wont.
"They mistook leverage with genius".
Member Since Jan 05, 2016
1189 posts
Nov 23, 2018 at 09:27
In my opinion, the highest priority for any investor is to always protect the investment capital FIRST, everything else is secondary to this.
The market will let you know when to enter, how much your trades are worth, and when to get out.
Don't worry about how many PIPS you are going to get each day.
The market will let you know when to enter, how much your trades are worth, and when to get out.
Don't worry about how many PIPS you are going to get each day.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Aug 05, 2017
289 posts
Nov 29, 2018 at 14:48
Paquito posted:
pips is meaningless anyway. 1 pip move on USDCHF is s smaller percentage move compared to say 1pip on EURJPY. And profit is also dependent on Lot size. Pro traders don't even talk in pips but percent or $$$
MOst Pro Traders I know talk in percentages. Rarely in monetary value.
Member Since Sep 12, 2015
1948 posts
Nov 29, 2018 at 17:12
I worked on the professional side and pips were used for Forex but you knew what they were trading, percentages for the index and stocks ,percentages instead of cash values and R values for portfolios.
"They mistook leverage with genius".
Member Since Dec 26, 2014
1 posts
Nov 30, 2018 at 10:50
It totally depends on the trader, the style, and his goals. A person who trades long term trends may have losses for 5 days in a row then hit a big trend. Trying to squeeze out a certain amount of pips per day is not the best way to go about it. Get an edge and trade it regardless of the results.
I'm not special. If I don't work hard, I'll blow out my account.
Nov 30, 2018 at 10:54
Professional4X posted:you deffo right mate
In my opinion, the highest priority for any investor is to always protect the investment capital FIRST, everything else is secondary to this.
The market will let you know when to enter, how much your trades are worth, and when to get out.
Don't worry about how many PIPS you are going to get each day.
Member Since Jul 14, 2018
2 posts
Dec 02, 2018 at 09:01
My average is ~90 pips per day (position trading).
