Meaningless statements: I just made 120 pips on that EURUSD move | Forex Factory

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Meaningless statements: I just made 120 pips on that EURUSD move

  • #1
  • First Post: Edited 2:56am Sep 7, 2011 2:28am | Edited 2:56am
Sounds familiar?
I do not understand why people like to make such meaningless statements on how much of a move they have captured.

There is a big difference in skill level on capturing 120 pips by risking 10 pips, 120pips, or 240 pips.

To make a claim meaningful and to reduce the amount of rubbish on FF, please say something like:I just made 5% on that 120 pips move.

Immediately, it gives anyone who reads it a sense of the way you trade.
  • #2
  • Sep 7, 2011 3:14am Sep 7, 2011 3:14am
FF (internet) claims are meaningless though.

5% of what?
  • #3
  • Sep 7, 2011 3:27am Sep 7, 2011 3:27am
Actually, you are almost right. Success is measured in money, not percentage, not pips. Money is the score that everyone can compare and is the standard. This is why we are all here.


Percentages can also trick:
Last year you made -50%, this year 100%. What's the total? It's zero.


But I agree, saying I made 1000 pips that week says absolutely nothing.

One can earn 1000 pips and still have negative P/L.

Due to privacy, I guess percentages is the best way to describe the success of a trade that you've made.
I found a penny today. That's +100 pips for me.
  • #4
  • Sep 7, 2011 3:32am Sep 7, 2011 3:32am
lol. If "of equity" doesn't comes to anyone's mind first hand.
Here's another version: i just made 5% of my equity over the 120 pips move.
  • #5
  • Sep 7, 2011 3:41am Sep 7, 2011 3:41am
lol to "equity". 5% of a $200 account or 5% of a $50k account?

hey i just got a vouch from CindyLou!
  • #6
  • Sep 7, 2011 3:45am Sep 7, 2011 3:45am
Hi Realm, I was thinking in the line that, although it still cannot tell much about one's track record, It can give someone who is reading a rough idea about how what type a trader is this person (a day trader or towards a longer term?)

In any ways, it would be so much better then telling others the amount of pips he has made which serves no purpose other then satisfying his own ego.
  • #7
  • Sep 7, 2011 3:51am Sep 7, 2011 3:51am
Hi emerald,
to get a vouch out of the post you have made tells anyone how worthless vouches can be. If you were to keep silent about it, it would have left some form of respect i had for your vouches.
  • #8
  • Sep 7, 2011 4:08am Sep 7, 2011 4:08am
Sorry, it was not from that post.. and I have been keeping silent here in a quiet office. bored though.

ReaM was correct
  • #9
  • Sep 7, 2011 9:40am Sep 7, 2011 9:40am
Quoting Rand Yap
Sounds familiar?
I do not understand why people like to make such meaningless statements on how much of a move they have captured.

There is a big difference in skill level on capturing 120 pips by risking 10 pips, 120pips, or 240 pips.

To make a claim meaningful and to reduce the amount of rubbish on FF, please say something like:I just made 5% on that 120 pips move.

Immediately, it gives anyone who reads it a sense of the way you trade.

I don't necessarily agree with you here. He could have made 5% but risked 10%. i do agree that talking in pips can be meaningless unless the whole story is provided.

I would think that just using R multiples where 1R is what you risked makes more sense.

As an example I could have a 100 pip SL risking 2% equity. I close the trade at 200 pips (let's ignore spread etc for a second). I have made 2R. It is equivalent to 200 pips or 4% but it is still 2R. Another trader may have risked 9% and closed the trade in the same manner. He made 18% but he still only made 2R as a trader.

I think of the R concept as to how you managed the trade. Your risk profile which varies greatly between traders dictates the % return.

Anyway, just how I look at it.
  • #10
  • Sep 7, 2011 12:55pm Sep 7, 2011 12:55pm
If we're talking meaningless statements here, posting on an online forum about how many pips or how much money you made on a trade after the fact is entirely meaningless and completely lame.

There's seriously nothing worse on here than someone posting a chart five hours after a move happened and saying they bought here and sold there to make 200 pips. Congratulations; you're either lying (likely) or feel the need to brag to complete strangers.
  • #11
  • Sep 7, 2011 1:01pm Sep 7, 2011 1:01pm
Quoting smittens4212
If we're talking meaningless statements here, posting on an online forum about how many pips or how much money you made on a trade after the fact is entirely meaningless and completely lame.

There's seriously nothing worse on here than someone posting a chart five hours after a move happened and saying they bought here and sold there to make 200 pips. Congratulations; you're either lying (likely) or feel the need to brag to complete strangers.
well how else will people know how big my junk is?

and ream, earning 1000 pips and still losing money?...?...? whoever does that needs a cold shower.
Congratulations ScalaFX for coming out of the closet!
  • #12
  • Last Post: Sep 7, 2011 1:16pm Sep 7, 2011 1:16pm
Hey, live trades are great. If you're willing to put your name (not that it means much here, but whatever) to some trades and put a dollar amount on that, by all means. Same thing with your junk
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