Dislikedwe shouldn't measure the success based on that, because that unit can be very very relative. However, the % can't be inflated (I don't know if that verb even exists in English xD). The % of success per trade is independent of the number of pips. It implies the growth of your account, and that is for me, a nice and fair way to measure the success.Ignored
I totally agree with you, that "pips mean nothing" and only the % increase at the end of the day is what matters.
Nevertheless, you also can't compare the percentage increase of a trade with others.
Example:
Trader A and B both have an account balance of 10k$
Both manage to grab 1000 pips of a trade.
For trader A, this results in an account increase of 1%
For trader B, this results in an account increase of 10%
So in your opinion, trader B had a way better trade than trader A. Looking at the numbers again, you notice that trader B simply risked 10 times more than trader A and would also get a margin call 10 times faster than the other one.
So in the end all comes down to comparing pips again. On the one hand, one can "manipulate" the number of pips he gains by adding more trade components (and therefore risking more). But on the other hand, comparing account % increases ends in comparing readiness to assume risk - and that is not our goal, is it?
Steve