Dislikedif someone makes 1000 pips a year then he is clearly a better trader than someone who makes 500 pips.Ignored
Relax and be happy.
Personal Take Profit and Stoploss (per human, not per trade) 0 replies
10% Profit Per Month 16 replies
Sorry. But you all need it. 47 replies
Sorry to disturb, but iam really confuse 20 replies
Please ignore this one....sorry 1 reply
Dislikedif someone makes 1000 pips a year then he is clearly a better trader than someone who makes 500 pips.Ignored
Dislikedmbqb11 ,I took this from one of the links you suggested.
" if someone makes 1000 pips a year then he is clearly a better trader than someone who makes 500 pips. I am not interested in lot size ."
As I said I took this from another post I did not write it but with all due respect we can play with wording all we want .
In the end I believe it`s all about how good one is at pulling pips out of the market.Attach what value you want to them ,but thats only money management. If you can`t bring in the pips the amount you put on your pips dosn`t matter much except to your failing bottom line.
No offence intended just my 2 cents.Ignored
Dislikedmbqb11 ,I took this from one of the links you suggested.
" if someone makes 1000 pips a year then he is clearly a better trader than someone who makes 500 pips. I am not interested in lot size ."
As I said I took this from another post I did not write it but with all due respect we can play with wording all we want .
In the end I believe it`s all about how good one is at pulling pips out of the market.Attach what value you want to them ,but thats only money management. If you can`t bring in the pips the amount you put on your pips dosn`t matter much except to your failing bottom line.
No offence intended just my 2 cents.Ignored
DislikedThis is getting silly, The initial post was about what realistic expectations could be, in terms of percentage.
It was probably me who got it side tracked into a debate about pips, lot size, the psychology of trading or whatever we are talking about now.
I think I`ll get back to the charts and try to hunt down some pips.
Sorry if I will never be convinced that that is not what it`s about and sorry if I got this thread headed off of it`s intended course.
I really appreciate all the sharing , and truly enjoy this forum.Ignored
DislikedI will soon be trading full time though and will let anyone who is interested know if I do find 10 pips a day a real challenge.Ignored
Quoting mbqb11DislikedThose links were to bring you to the discussions of this topic(that initial quote was by someone who had wrong thinking about pips)Ignored
Dislikedand with 10% a year, you are wasting your time trading forex.
c',mon 13 YEARS???? only 10% a month??? japanese housewives are doing at least 30% off carry trade alone.
I also agree that pips dont count. at the end of the day is Money management and ROI%Ignored
Dislikedthat is an amazing track record. (if its true..."These historical returns have not been audited and are disclosed for informational purposes only."). another year with a track record like this, they could easily attract a billion dollars. got any more examples?
btw, notice they are descretionary traders. this does not surprise me.Ignored
DislikedI'm sorry but, who is that "someone"? I have to ask. I'm wrong because you want or because the others said so?
Another great argument... "He is wrong on this, because he was wrong on another thing"
Can a guy win more money making less pips than another trader? Yes. Hey he can be more inteligent.
But...
Can the guy who makes more pips win more money than the other, if he wants? Yes. That's another fact.
The question is.. Who is the better trader the guy who use mathematics like suicidal progressions (Martingale) to overcome the lack of market knowledge.
Or...
The guy who makes less money because he don't invest the same, but has a crystal clear view of the market moves. Quality predictions with less money.
PS: Regarding that performance record. I have to say that is a good example but we have got to remember and understand. They are not machines, they are persons just like we can be and, that can do worst... and better.Ignored
Dislikedmbqb11,sometimes it helps to think before you hit the send button.
For you to imply that you worry about me because I am going live but can`t grasp what you are saying is juvenile and insulting.
But then you are only 23 years old ,That in it`self is no issue but I want you to know that I have been investing in the stock market for longer than you have been alive. I also have been studying different fx systems for three years. I blew a 6000.00 account two years ago and I know very well what I am up against.
I am not someone who needs your concern son.I have boys your age who know it all.
This is in response to the poorly thought out reply below
"only thing that is worrisome is this quote
Quote:
Originally Posted by randomlight http://www.forexfactory.com/images/buttons/viewpost.gif
I will soon be trading full time though and will let anyone who is interested know if I do find 10 pips a day a real challenge.
yet, a simple concept isn't making sense to you."Ignored