The more I read the different threads about methods and systems of trading etc. the more I am getting confused about something.
Just how many pips is sufficient?
I read and listen to people say things such as...
if you're able to create 20 pips daily average you'll have it created.
Or even 10 pips a day. But why are some men and women that are trading those systems not happy using 20 or even 10 pips a day? It seems like they want it to be 50 or more pips each trading session.
I ch myself becoming not real happy when I close one of my trades at 20 pips profit only to see it move on to achieve the 100 pip mark. Is this being greedy? If so... then how do I stop being greedy and just be happy with 20 pips a day?
BTW... I mention all this because I just lost 570 pips of those 700 pips I profited in my first month of trading a stay micro account. All 570 pips spread over 4 trades. I understand I got greedy.... And I hope I have learned my lesson. Back to the drawing board!
For all those knowledgeable traders.... How many pips is sufficient for you?
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