Trading while working // 10pips target per day

Hi everyone out there.
I have a very simple trading method.
All u need per day is to 10pips to get rich.
I have been successfully using this method.
Please review and give a comment.

All comment are welcomed.

Cheers and have a blessed day

Pls share your template & indicators. thanks

Please explain in more details your strategy.
I do not understand clearly.
Thank you.

Having a fixed daily target like 10 pips everyday is not achievable in long term.
Sometimes you will make 10 pips, sometimes you will make 50 pips and sometimes you will lose 30 pips.

There is no certainty.


The goal should be to keep growing with minimum drawdown and survive the market.

You can do it with several scalping technique that can gain up even more than 10 pips in short time. Just make sure to analyze it first.

The goal should be to keep growing with minimum draw down and survive the market.

Nice little nugget, thanks for sharing.

I would like to know a few more details about your strategy. How do you pick your trades?

Oh thanks, your strategy is easy as ABC. Now I know how to make 10 pips per day
Bye ff

Thats very true. You get rich off 1 pip to be honest! This system looks safe! So Lot sizing might be a little high for me
Where can I find the template and indicator that you use? Also what timeframe?

Cheers

Hi PiNgGu
Looks interesting. Can you explain some details about your strategie?
Where are you?

People lose more money trying for the infamous 10 pips a day. Using way too much leverage too..
FX is not a get rich quick scheme... you will learn this soon enough.
Just don't blow too many accounts trying!

A little more info would be great.

Past trades, risk ratio etc.

Also the indicators you are using, some more of an explanation would help.

Hello PiNgGu,

In my oppinion, this approach doesn't seem very solid, and the "X pips/percent per day mentality" is very toxic, like the other posters said.

No matter how perfect you think your system is, one day you WILL fail to make 10 pips, and you'll end up overtrading and taking unnecesary risks, which will lead you to blowing your account.

Don't believe me? There's a way you can find out: check the older threads which have similar titles as yours, those who expect to reach a daily profit target or want to make "X"% per day/month/whatever.

There's a very common pattern among the thread starters. Very often the original posters stay active for a couple of months, sometimes 1 or 2 years max, posting that they've found the next "Holy Grail",the perfect system, claiming that they can make "X pips" per day/week with 100% accuracy or something like that, and then after some time they suddenly turn inactive.... And it's not that hard to guess why, right?

Unfortunately there's no easy way to trade. You'll have to take your time to identify, test and ultimately use your own edge, risk a tiny portion of your account per trade (1 or 2 percent max) to allow your edge to play out, manage your trades very well and be disciplined enough to follow your strategy/system all the time JUST in order to be profitable.

And even if you do everything perfectly you'll still face losing streaks, that can't be helped. There is no sure win, even the best boxers get knocked out by a lucky punch sometimes.

I think it's sad to see people trying to fool themselves despite being presented evidence that their unrealistic goals/systems just won't work. It's almost like lunacy. I guess it's just greed prevailing over rational thinking.

But hang in there... If you really put time and effort into learning how to trade properly and have realistic expectations, you can become profitable. Wish you the best!


Best regards, -Ryosuke

Spot On! 10 pips per day is not harmless and very achievable but being consistent with it daily, I doubt it reason being no trader will let an opportunity of grabbing 20 or more pips go when they see one by just saying they have to be consistent with 10 pips a day .''The goal should be to keep growing with minimum drawdown and survive the market.''

Great if you can make trades when it works, because I need to concentrate on doing forex trading 10 pips and it was quite large, especially if large capital is used.

Usdjpy +10,+10
great climb up

I like this 10 pip strategy even i am trading with similar strategy on GBP/USD, and ill start trying USD/JPY

I do the same 10 pip strategy for GBP/USD

10 pips is a big deal per day if you have sufficient trading balance. I think without most powerful trading strategy with great money managing approach that’s not possible at all. by the way , there is anyone who can make 10 pips per day by scalping ? is it possible when trading practically ?

To set fixed profit targets per day is something hardly achievable in real market.
In the end of the day it is non-stop evolving environment and the trader is the one who should adapt to it and not the other way around.