How many Pips per month? | Forex Factory

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How many Pips per month?

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  • How much pips per month
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  • #1
  • First Post: Dec 6, 2010 11:13am Dec 6, 2010 11:13am
How many pips do you usually catch per month on average ( or lose )?
  • #2
  • Dec 6, 2010 11:26am Dec 6, 2010 11:26am
This is really hard to tell. I don't watch my profit in pips, but only in $ / € or in % profit.

Today, I made exactly 60 pips in EURUSD so far. But what does this say to you? Nothing

- I've scalped 4 pips with 1,0 lot
- I made 47,8 pips with 0,1 lots
- Again scalped 0,5 lots for a 7 pip profit
- ...

In my case it's different from month to month. Sometimes I make only a few pips (20-50) and sometimes I catch the big moves and make 200 or 300 pips.

But what if I enter 0,50 lots and scale out 0,25 lots after 50 pips... and close the rest of the position 50 pips later? Did I make 75 pips with 0,50 lots then or did I make 50+100 = 150 pips with 0,25 lots each?

Far more interesting would be, how much profit each one makes per month in %.
  • #3
  • Dec 6, 2010 11:36am Dec 6, 2010 11:36am
Pips per is a very adequate way to define your month.....
If you are trading a fixed size or on a compounding scale positive pips is profit and no one else needs to know any more than that..... anything else is just bragging.
  • #4
  • Dec 6, 2010 11:44am Dec 6, 2010 11:44am
Quoting tradestar1
Pips per is a very adequate way to define your month.....
If you are trading a fixed size or on a compounding scale positive pips is profit and no one else needs to know any more than that..... anything else is just bragging.
This is not true. I had already a few months, where I had a negative pip balance, but made profits, though.
Also, a friend of mine, who is also trading, has also had a negative pip balance but made profits, though.

Make a 50 pips loss with 0,1 lots but scalp 4x 5 pips with 5 lots and you are profitable.

If you are always trading a fixed size and don't scale in and don't scale out, you can compare pips and count your profits in pips. But I don't know any trader that always trades the same size.
  • #5
  • Dec 6, 2010 11:44am Dec 6, 2010 11:44am
Quoting adamp
Far more interesting would be, how much profit each one makes per month in %.
Nobody will want to talk about profits and that's fine. I usually don't think about percentage i think in pips, 'cause if you can make 200 pips with 500$ account you will be able to make it with 5000$ account.
  • #6
  • Dec 6, 2010 11:53am Dec 6, 2010 11:53am
Actually, for me I don't keep track of points at all.

I do watch P/L % like a hawk, but after the first three years, I found myself not really caring.

I know I closed a trade last night for +127, but honestly, I couldn't tell you the total of pips from last week.

I'm more concerned with passive income growth than points.

So, if that means (12) trades - moderate success - equals 7% per month

or (1) trade - outstanding success - equals 7% per month, it really doesn't matter.

And I never, and will never recommend that anyone ever stop trading once you reach your goal. Trading is a business. Businesses need to make money to stay liquid. Anything over the monthly required income flow should be held in reserve for the lean months.
Capital Preservation is key to long term wealth accumulation
  • #7
  • Dec 6, 2010 1:47pm Dec 6, 2010 1:47pm
No one cares about Pips. Not even %. How many times you cover your risk is all that matters.
  • #8
  • Dec 6, 2010 2:35pm Dec 6, 2010 2:35pm
The only reason anyone ever asks this question is to provide fuel for their compounding fantasies, there should be enough previous threads on this tired old subject to get some sort of average. If you make enough to cover the bad days, you're doing good.
The breaking of a wave cannot explain the whole sea.
  • #9
  • Dec 6, 2010 5:55pm Dec 6, 2010 5:55pm
So true......LMFAO

Quoting Craig
The only reason anyone ever asks this question is to provide fuel for their compounding fantasies, there should be enough previous threads on this tired old subject to get some sort of average. If you make enough to cover the bad days, you're doing good.
Annoying Precision
  • #10
  • Dec 7, 2010 4:12am Dec 7, 2010 4:12am
Well, i don't ask this to fantasize, i'm asking to know it is possible to human being ( and not robot ) to actually catch, let's say, 600 pips a month on average, when i know that is possible that keeps me motivated.
I never caught more than 200 pips a month.
  • #11
  • Dec 7, 2010 5:04am Dec 7, 2010 5:04am
Quoting fx111
Well, i don't ask this to fantasize, i'm asking to know it is possible to human being ( and not robot ) to actually catch, let's say, 600 pips a month on average, when i know that is possible that keeps me motivated.
I never caught more than 200 pips a month.
if you risk 600 pips (Say you risk 30 pips per trade for 20 trades) for a month then you may make 600 pips easily. if you risk only 200 pips a month then it will be much more difficult to make 600 pips.

Looking at the profit alone (doesnt matter whether it is pips or %) without knowing the risk taken is meaningless.
  • #12
  • Dec 7, 2010 5:08am Dec 7, 2010 5:08am
also depends on your trading style, for example if you are a swing trader it is likely you will be making ~> 500 pips per month, but these pips will have less value than if you are a scalper, who make make only <200 pips per month
  • #13
  • Dec 7, 2010 7:05am Dec 7, 2010 7:05am
Whatever way you trade--- charting, fundamentals, whatever... nothing works all the time (that I know of) except having insider information from the bank....

So.... the same formula could yield -500 one month and +500 the next... What is the answer? 0 pips / month?

Even with a substantial edge, it is impossible for someone to answer this because every month's chart is different.... so performance always varies.
  • #14
  • Dec 7, 2010 7:08pm Dec 7, 2010 7:08pm
Been on a practice account for like 2 days... So far on very negative PIPS, for some reason my auctions keep being sold/bought even when I don't click on the cancel order option, thats why I have lost more PIPS, if not for that I would have won like 30-40 PIPS in the past 2 days ..
BTW any idea why this is happening to me?? I know about the stop limits of 30 & -30 PIPS but I didn't have that..
  • #15
  • Last Post: Dec 8, 2010 11:40am Dec 8, 2010 11:40am
Quote
Well, i don't ask this to fantasize, i'm asking to know it is possible to human being ( and not robot http://cdn.forexfactory.com/images/s.../yim/happy.gif ) to actually catch, let's say, 600 pips a month on average, when i know that is possible that keeps me motivated.
I never caught more than 200 pips a month.

I am noob and just caught *maybe by chance lol* 70 PIPS, last night I bought some GBP/USD thinking it would be higher in the morning, left to the univ. went back and boop! 70 PIP Profit, and I had already caught like 20 PIPS so I think 600 per month is very possible..
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