Dislikedit's like car sales... everyone has a friend in the business and everyone gets a great deal when they buy.
so... let's put the 20 PIPS nonsense to rest....
unless of course you are 'one of your mates' has some proof.
stanIgnored
1. 20 pips is 20 pips, so if a day gives me 100 pips, target achieved. but the other 80 pips mustn't be counted for the next 4 days.
2. if i loose the first trade, i will have to make 40 pips to achieve the goal and so on. in the end of the day, my account has to be 20 pips richer than it was before i started the day.
let's see what happens. i'm not talking position size or anything else, just trading as usual.