DislikedHi Fool. This sounds so silly LOL. If you convert your goal to pips per year, what do you think the number will be?Ignored
Anyone who has any aspirations of trading for a living has to have some idea of what they can earn so that they can assess the real potential of those dreams. I can tell you that, imho, its all relative, though. If I had the account equiity (and the stones) to trade for $50/pip then 20 pips a day would be fine. So 20 pips/day * 240 trading days/yr = 4,800 pips/yr. Down here at my level in the $10/pip crowd, let's say I need $8k/month to live, save a little & cover taxes and modestly grow an account: $8k/mo * 12 = $96,000/$10 = 9,600 pips/yr. Seems like a lot, huh? I made about 350 pips over the last week: 350 pips/week * 48 trading weeks/yr = 16,800 pips/yr. Voila....ballpark. Obviously, easier said than done, though....
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