Mar 04 2019 at 08:03
Mcross posted:
50% per day. WOW. you won't last long buddy. That is crazy risk for 1% gain. You should reverse those numbers, 1% risk per day and aim for 50% in a year.
thanks, i'll try that
Mar 04 2019 at 08:03
HumbertB posted:
1000pip stop loss is crazy. You will surely loss big time one day. That is no trading strategy it is just gambling
i think it's depend on lot-ing.
Mar 04 2019 at 11:28
No point having a stop loss if it is 1000 pips!
rubbermanzz posted:HumbertB posted:
1000pip stop loss is crazy. You will surely loss big time one day. That is no trading strategy it is just gambling
i think it's depend on lot-ing.
Even with 0.01 Lot you will eventually loss all your money if you use 1000pip stop loss. You may make profit for a month but if the market turns you are finished
Mar 04 2019 at 15:23
rubbermanzz posted:
my target is 1% per day, my risk is up to 50% of my current equity.
for lot-ing, i usually use 200-1000 pips resistance; meaning it takes 200-1000 pips movement to reach stop out/margin call.
if i get more than 1% on that day, then i take that as a bonus.
These parameters may sound crazy to us.
But still he is making money with such setup.So why not, as long as he profited more than deposited.
Mar 05 2019 at 07:25
jamesgwyther posted:
No point having a stop loss if it is 1000 pips!
Exactly
Long thread but an interesting read for me.
Mar 06 2019 at 14:54
harryPIPS posted:
Long thread but an interesting read for me.
Did you enjoy it?
jamesgwyther posted:harryPIPS posted:
Long thread but an interesting read for me.
Did you enjoy it?
It was interesting, as a lot of the forum is.
Molly141 posted:
I have seen '10 pips a day' around the internet a lot.
hello it doesnt matter how many pips . the rule is simple
keep the losses small en the winners long .
if made a good entry that could be more than
100 pips a day by pair .
follow the trend .
i trade to make money not to be right
Apr 01 2019 at 10:24
very interesting thread :) some great advice here
parish posted:Molly141 posted:
I have seen '10 pips a day' around the internet a lot.
hello it doesnt matter how many pips . the rule is simple
keep the losses small en the winners long .
if made a good entry that could be more than
100 pips a day by pair .
follow the trend .
That is like saying the best way to make money is to make money!!! Circualar point. You are not saying HOW to make postiive pips each day. It is very difficult in practice. For years i try and not make it
Korich posted:parish posted:Molly141 posted:
I have seen '10 pips a day' around the internet a lot.
hello it doesnt matter how many pips . the rule is simple
keep the losses small en the winners long .
if made a good entry that could be more than
100 pips a day by pair .
follow the trend .
That is like saying the best way to make money is to make money!!! Circualar point. You are not saying HOW to make postiive pips each day. It is very difficult in practice. For years i try and not make it
no its not its simple if you know what to do . if not you have to learn
i trade to make money not to be right
Apr 02 2019 at 07:16
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
i never put a target on a trade .
i follow the trend if i decide well then there is no such thing then 10 pips a day .
i never put a % on mij trade bij month of corse i am not scalping ;
my trades run hours or even day s. i am trend trader
for % by month is variable some times 10% sometime 20% en EVEN 80%
en i trade al pairs when they are ready to trade
so i wiat en let the trade come to me .
not chasing the market .
like the most are doing .
everybody whants to scalp
but that is specialist work .
not for the beginner .
i have now 13 orders on 13 different pairs .
i trade to make money not to be right
togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
So your target is a 5% increase in your account per month? You are a very very experienced trader but I thought that pro traders made hundreds of percent a year. Is 5% a more realistic target? If it is then my tiny $1000 account is not big enough to make any significant profits
Apr 03 2019 at 07:20
Saif59 posted:togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
So your target is a 5% increase in your account per month? You are a very very experienced trader but I thought that pro traders made hundreds of percent a year. Is 5% a more realistic target? If it is then my tiny $1000 account is not big enough to make any significant profits
pro traders make like 20-30% a year with very low risk
Apr 04 2019 at 11:38
togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
I agree. No need to measure the profit per trade in pips. And it really doesn't help your performance to know how many pips professional traders make.
Apr 04 2019 at 15:20
FMovingAverage posted:togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
I agree. No need to measure the profit per trade in pips. And it really doesn't help your performance to know how many pips professional traders make.
It becomes useful to know how much the pair your trading moves on a daily basis if your a short term trader
"They mistook leverage with genius".
Apr 05 2019 at 06:31
It depends on your trading style not pips value.
If you are scalper, how do you want to achieve 5,000 pips per month which is easier for swing trader?
Pips value is not important thing to consider.
Your job is to get the profit from Forex trading only.
How to get it?
It depends on you.
If you are scalper, how do you want to achieve 5,000 pips per month which is easier for swing trader?
Pips value is not important thing to consider.
Your job is to get the profit from Forex trading only.
How to get it?
It depends on you.
