So in your trading are you aiming for daily, weekly, monthly (etc) pips or a % return on capital ?
What is the theory ?
I read alot of the more experience people say % return, however if you are trading for a living i would assume you need to aim for pips in order to achieve a salary ?
I understand if you are learning to trade or building a trading account, % return is key..
So which is it for you and what is your reasoning ?
There is no doubt, when i look at aiming at a number of pips, the pressure is greater and losses occur due to entering trades you might not otherwise.
Likewise, if i'm aiming for a %, i don't find myself entering 50/50 trades ..
thx
What is the theory ?
I read alot of the more experience people say % return, however if you are trading for a living i would assume you need to aim for pips in order to achieve a salary ?
I understand if you are learning to trade or building a trading account, % return is key..
So which is it for you and what is your reasoning ?
There is no doubt, when i look at aiming at a number of pips, the pressure is greater and losses occur due to entering trades you might not otherwise.
Likewise, if i'm aiming for a %, i don't find myself entering 50/50 trades ..
thx