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7 pips per day? is it possible?

  • #61
  • Jul 17, 2020 3:31am Jul 17, 2020 3:31am
hello , mlawson, i hope you are well , by the way i am agree
with angiet that its completely depends on your own trading approach , its supportive to stop over trading.
  • #62
  • Jul 17, 2020 3:52am Jul 17, 2020 3:52am
This is my 15 min chart at the moment I check this chart but mainly on renko.
Attached Image (click to enlarge)
Click to Enlarge Name: sample.png Size: 170 KB
  • #63
  • Jul 17, 2020 8:02am Jul 17, 2020 8:02am
Quoting dominoes
I do not see why it is not possible, but rather just focus on making a consistency trading over focusing on number of pips every single day. It is unfeasible and unhealthy way to be trading.
I absolutely agree. Chasing a certain number of pips at any cost every day can veer dangerously into revenge trading territory.
  • #64
  • Jul 19, 2020 8:26am Jul 19, 2020 8:26am
Quoting AngieT
{quote} It depends on your trading style - It stops over trading and if you compound it is a very good way to stay in profit. I go for 6 pips a day and make $100/day so far with my compuonding if I lose I know 6 I know it is one days work if I let it lose 12 pips I know it is 2 days work to catch up. less spread lol and for me comission .
Do you have days when that leads to losses?
  • #65
  • Jul 20, 2020 1:01am Jul 20, 2020 1:01am
Quoting mlawson71
{quote} I absolutely agree. Chasing a certain number of pips at any cost every day can veer dangerously into revenge trading territory.
Absolutely agreeing with you. It is much more safer to just focus on making a good trade rather than focusing on how many pips you can make for everyday
  • #66
  • Jul 20, 2020 5:48am Jul 20, 2020 5:48am
how many pips you can make it in a day its not a deal , the main deal is to keep consistence ,
  • #67
  • Aug 1, 2020 9:02am Aug 1, 2020 9:02am
Quoting NathanAstel
how many pips you can make it in a day its not a deal , the main deal is to keep consistence ,
Exactly. The idea is to profit more than you lose.
  • #68
  • Aug 17, 2020 10:31am Aug 17, 2020 10:31am
Good discussion. I have set for myself a monthly target in pips and doing my best to reach this target. I have realized that chasing pips on a daily basis is not very applicable because you have good days and bad days, you have good volatility and bad volatility...
  • #69
  • Oct 8, 2020 1:56pm Oct 8, 2020 1:56pm
Yes. It is possible to make 7 pips per day if you have enough experience about trading.
  • #70
  • Oct 9, 2020 5:16am Oct 9, 2020 5:16am
Yeah, and possible to do more than that.
Love to talk on Discord: DividendGamer#1324
  • #71
  • Oct 25, 2020 11:45am Oct 25, 2020 11:45am
Quoting hanover
"All of the professional traders I know, whether they trade forex or futures markets, do not make "so much per day". That is a phrase used by marketers, because they know what beginners are looking for, and that is a steady income so they can get rid of their jobs. Money from the market that you can count on does not come steady or nicely "so much per day". Real traders make profits, budget their expenses, save some profits, add some profits to their accounts for further building of the account, etc. Just like any business, which is what real trading...
knowing how to gain 7p per day needed to lose so much (time, energy and capital) but it worths !
  • #72
  • Oct 25, 2020 1:00pm Oct 25, 2020 1:00pm
7 pips per day not more or unrealistic target , if anyone has good trading strategy with minimum money management , there is a chance to bring 7-10 pips per day.
  • #73
  • Oct 26, 2020 1:59am Oct 26, 2020 1:59am
The fact is one cannot create trades but can only react to trades. So, it's unnecessary to set such targets, that too, daily. By time, people evolve & gradually they accept the fact that what matters is whether you can react when the oppurtunity comes & not setting targets & putting themselves under unnecessary trouble.
Trading fails when u try to defeat the market
  • #74
  • Oct 27, 2020 8:40am Oct 27, 2020 8:40am
Successful trading does not work like this. A system will work for you when you will be able to use it in your way. There is a deep relationship between our thinking and strategy. We can take others strategy and suggestion but can't borrow their thinking. That's where the gap.
  • #75
  • Oct 27, 2020 9:18am Oct 27, 2020 9:18am
That is true, but most traders don't have the knowledge and experience to make their own strategy from scratch, and they have to trade with something until they get there.
  • #76
  • Oct 27, 2020 10:02pm Oct 27, 2020 10:02pm
yeah, very possible.
Love to talk on Discord: DividendGamer#1324
  • #77
  • Oct 28, 2020 12:10pm Oct 28, 2020 12:10pm
Forex is an easy thing if you have enough knowledge and experience about the market. You can make money from this market if you have enough knowledge about the market.
  • #78
  • Last Post: Nov 5, 2020 11:00pm Nov 5, 2020 11:00pm
Quoting CoraLombard
Forex is an easy thing if you have enough knowledge and experience about the market. You can make money from this market if you have enough knowledge about the market.
I am very curious as to what brought you to the conclusion that it is an "easy" thing because just about everyone seems to be struggling to make any substantial profit from the market.
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