Greed and how many pips is enough? -
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thread: Greed and how many pips is enough?

  1. #21
    hi, I can'nt just quit without letting you know I was here.at that point in my trading career, consistentcy is what iam trying to achieve. I had just decided on the 20pips plan before I watched that this thread.i consider getting 20pips a day consistently and raising the lot size slowly could be the fastest method of constructing an account.
    I have blown several.i have always thought 20pips per day was too small as I can easily make 200....then lose 400!
    Now iam working on a program that will provide me just 20 pips.i commerce a mini, so 20pips over time ought to...
    You have the right idea. If you took a look at the spreadsheet I posted before you can see that if you took for just 20 pips per day on a $100 dollar account with only 10% margin that in 1 year of trading you would have $28,000.

    Thats the power of constant PiP gathering combined with IMO proper money management and lot sizing.

    PS: Dont let people fool you into believing they typical 100 pips a day or are some wonderful trading gods. If they were as good as they make themselves out to be, they'd be buying islands. For instance, lets assume I had the exact same $100 account and I consistently made 100 pips per day risking 10%, by the end of the year I would have $62,000,000.00. I would probably never trade again. There are a lot of individuals around who talk a big game and have nothing to show for this, dont allow you dissuade.

  2. #22
    This ought to be into the attentiveness of the person, I suggest you have a couple sets like GBP/JPY that you can swing swap for approximately 200 pips per day, just b/c you're staying in a market does not make you eager. I generally stay in my exchange b/c in case you understand the inner workings of the market, you will get pullback and teeter-totters as the market picks up energy and after that it softens up either way, hopefully toward the route you selected.

  3. #23
    How many pips is enough is dependent on your goals and risk management. For example: using a maximum risk of 2% of capital per transaction, a net profit of 40 pips per week would lead to a 6 percent per month profit. Assuming you don't withdraw any capital and adjust your lot dimensions to compound your gains, you can double your money every year.

    But here is what is more important to know:
    You should not use how many pips you want to direct your entries or exits. You should strive to take what the market gives. The market doesn't care if you want 40 pips. It is gonna do what it's gonna do. Ten pips profit is a great trade if the market just moved ten pips. Bottom line is input and exit your trades based on price and or whatever system / analysis you find that works. Once you are consistent with your entries and are winning more than losing, you can raise or decrease your risk per trade to maximise profit.

  4. #24
    Senior Member M-apk's Avatar
    187
    Pips alone mean nothing. What also matters is that the size of your account and the lots you're trading. 10 pips provide very different results when you are investing 1 lot plus 0.1 lot.

  5. #25
    Amount of pips signifies nothing.

    Everything Is Dependent upon your R :R and Hit-rate.

    You shouldnt realy be asking questions such as this after being a member for 2 years.

  6. #26
    Junior Member Efi91's Avatar
    27
    Hello... First I want to state I really like this forum! The further 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 it's possible to make 20 pips a day average you will have it created. Or maybe 10 pips a day. However, why are some men and women who are trading those systems not satisfied using 10 or 20 pips a day? It feels like they want it to be 50 or more pips per trading session. I ch myself being not real happy when I close one of...
    When I first started trading. I'm looking forward to ten pips. Then as my assurance level climbs I'm looking for 25pips and then once I crash. I'm just lucky if I get 5 pips.

    10 years forward. I now understand the proportion of high yield low risk. Buy low, sell high quality. You don't make money by being correct. You make money by being profitable.

    I once sold a home that yearns me 200 percent but the downside is that I have to buy greater. My biggest regret is buying another home.

    I think mediation and consumerism is the greatest liabilities in regards to wanting more. The absence of internal peace couple with the void to fill fuel my desire to make more, buy more.

    Capitalism is great. It fueled the time line from poverty to getting by to freedom. However, it also the series of the majority of people depression.

    Anyhow. If you need 100 or even 1000 pips a week. You can not exchange from anything under 4hr. Daily and weekly could offer a whole lot more.

    I'm trading an impossible task by betting on consolidation and better return to provide the advantage I longed for to have a never shedding day.

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