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.
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 2021 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 2021 at 16:48
My profit target varies on market condition and strategy. I have no fixed TP.
Jan 21 2021 at 09:39
You are right to point out the risk factor associated with increasing the lot size. This is something newbies should be aware of.
Mar 09 2021 at 10:43
Trading for 20 pips is sufficient for me with a few hours of brainstorming sessions on forex trading. I keep in mind that my greed must not eat my earnings. I close the trades and rest.
Mar 31 2021 at 04:54
Yes, the target can be adjusted with the lot size and the risk can be minimised with it.
This is a good option for avoiding risks and minimizing losses.
Most traders have unrealistic profit target. Market moves all the time doesn't mean you can have absurd target. Our target should match our trading ability.
Anything should have a goal. Trading will be much easier if the goal is managed properly. It is very important to have a profit target in similar trading. If the profit target is not set properly, some uncontrolled trading takes place.
Apr 01 2021 at 09:39
minimum should be 1:3 RR
AliaDare posted:Without a proper goal, no trader can survive in this market.
Anything should have a goal. Trading will be much easier if the goal is managed properly. It is very important to have a profit target in similar trading. If the profit target is not set properly, some uncontrolled trading takes place.
Jul 25 2021 at 12:35
Achieving is easy if you have a target in anything. The same goes for trading. If you can trade with the right knowledge and set goals, it will be much easier to make a profit.
Jul 25 2021 at 15:30
TP is so key. For me it is related to my risk to reward. A proper trading plan is so vital.
