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Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies

How Many Pips Do You Average Per Month 17 replies

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  • #41
  • Jun 6, 2017 4:01am Jun 6, 2017 4:01am
I have averaged B-C grade so far this year, but that is only because I only take trades of 0.01 lot size so I need to have multiple positions open when data is good. (not bullshit usd/mxn btw haha I still think they should fix that issue)
Trading is a Zero sum game. Someone winning means someone losing.
  • #42
  • Jun 6, 2017 5:32am Jun 6, 2017 5:32am
For me, risk-adjusted return is more important than simply return. For example a trader who's risked 50 pips to gain 100 pips has outperformed a trader who's risked 2000 pips to gain 1000 pips. Just my opinion, I happily concede that there are many ways of looking at this, depending on how important risk management is to you, which may in turn depend on the size of the account you're running......... Anyway, I'm not seeking an argument about right or wrong, so I'll simply state my (albeit firmly held) view, and move on.
  • #43
  • Jun 6, 2017 4:34pm Jun 6, 2017 4:34pm
It depends a lot on news trading or how many major news are there in certain month. However, as we are talking about average wise, I’d say it’s around 300-350 pips that I am able to generate. However, it can increase heavily through successful news trading OR it can decrease heavily due to unsuccessful news trading. So, it’s all entirely dependent upon that and we need to get it right in order to perform well.
  • #44
  • Jun 6, 2017 9:02pm Jun 6, 2017 9:02pm
3450 pips half year for standard trades. 900 pips half year for small intraday's trade
  • #45
  • Edited 9:39pm Jun 6, 2017 9:29pm | Edited 9:39pm
Quoting MoneyZilla
I think the poll is improperly put. The question is not how many pips one can make each month, but what is the average pips value won? For example, making 10,000 pips each month from a pair is possible and not so hard to achieve, but with how many trades exactly one is making these 10,000 pips is what really matters... The number of trades required to get to 10,000 pips gain is what really makes the difference.
Agreed. Average pips gained per trade is a nice indicator of trader performance.

Quoting hanover
For me, risk-adjusted return is more important than simply return. For example a trader who's risked 50 pips to gain 100 pips has outperformed a trader who's risked 2000 pips to gain 1000 pips. Just my opinion, I happily concede that there are many ways of looking at this, depending on how important risk management is to you, which may in turn depend on the size of the account you're running......... Anyway, I'm not seeking an argument about right or wrong, so I'll simply state my (albeit firmly held) view, and move on.
Agreed. Average pips gained per amount risked is a nice indicator of trader performance.




That is if you really want to separate the top profitable trader from the average profitable trader.
No green pips, no money.
You came here for the truth and let me unveil it for you
  • #46
  • Jun 7, 2017 2:24am Jun 7, 2017 2:24am
Quoting RondaRousey
{quote}No green pips, no money.
I think this is the very essence of trading. If one day I am about to write a book about trading, maybe 500 pages big, I will name it "No Green Pips No Money" and it will look like as the best selling book "What Every Man Thinks About Apart from Sex (https://www.amazon.com/What-Every-Thinks-About-Apart/dp/1849531986)". Check out book's images. They are ICONIC..
Maadik Hugiis. IQ 69.
  • #47
  • Jun 7, 2017 3:11am Jun 7, 2017 3:11am
Quoting timos
2,7 pips
lol what % increase does it means in your account?
  • #48
  • Edited 3:48am Jun 7, 2017 3:13am | Edited 3:48am
Quoting RondaRousey
Curious to know how many pips you make per month on average trading. No martingale, no pyramiding, no grids, no scaling and no pip manipulation. A grade: 4000 pips avg per month B grade: 2000 pips avg per month C grade: 1000 pips avg per month D grade: 500 pips avg per month E grade: 250 pips avg per month F grade: 125 pips avg per month G grade: <60 pips forget about it

Hi, RondaRousey, just came across this thread. For illustration, over the last rolling 12 months I've averaged only 40 pips monthly trading major pairs. However, my risk per trade is 10pts as is my initial profit target (I basically scalp short run moves); my cash risk is 2% of the account per trade. This means I make c.8% return on the account monthly and c.90% on the year trading 11 months out of 12. It equates to one net winning trade per week so you can see I'm doing nothing special, I averaged 9 trades per week split 5W:4L (I'm really not that great a trader), but it's enough to make decent, consistent and pretty safe annualised returns.

Point is, saying how many pips you make monthly is insufficient. It needs to be related to pips risk taken, frequency of trades, average success rate, average risk:reward ratio, and % of account at risk per trade to have any real meaning.
  • #49
  • Jun 7, 2017 5:58am Jun 7, 2017 5:58am
Quoting marcmarc
{quote} Point is, saying how many pips you make monthly is insufficient. It needs to be related to pips risk taken, frequency of trades, average success rate, average risk:reward ratio, and % of account at risk per trade to have any real meaning.
Agreed. You need to go deeper if you want to really find the best traders around. You mentioned some good factors. But to be even considered you must have the ability to extract green pips consistently on a monthly basis for the rest of your trading life.
You came here for the truth and let me unveil it for you
  • #50
  • Jun 7, 2017 11:50pm Jun 7, 2017 11:50pm
Quoting RondaRousey
{quote} Agreed. You need to go deeper if you want to really find the best traders around. You mentioned some good factors. But to be even considered you must have the ability to extract green pips consistently on a monthly basis for the rest of your trading life.
Just curious, do you actually trade, Ronda? I notice you pop into threads but never seem to have position, just commentary about other posters. I would love to know what, if any, pairs you are bullish or bearish on right now?

As for my monthly average of pips, I do not keep score. Most months are positive, but some (like Jan 2017) suck the money and the life energy right out of me
Ecclesiastes 1:9
  • #51
  • Jun 8, 2017 1:50am Jun 8, 2017 1:50am
Quoting newbegger
{quote} As for my monthly average of pips, I do not keep score. Most months are positive, but some (like Jan 2017) suck the money and the life energy right out of me
Hi newbeggar, like your honesty, I also know that feeling (rather too well!). After many years of that kind of experience I finally cured myself of terrible months by analysing exactly why it happened. As your strapline (like that too) suggests, I was making the same basic error over and over again, in my case it was basically revenge trading once behind - with fairly inevitable results. Once I understood that, I was able to force myself to accept the loss and work slowly back with good trades and strict risk control, not rash ones and overtrading trying to get back immediately. Now I am rather more consistent and boring in my results, but it is a lot less stressful!
  • #52
  • Jun 8, 2017 4:45am Jun 8, 2017 4:45am
Quoting newbegger
{quote} Just curious, do you actually trade, Ronda? I notice you pop into threads but never seem to have position, just commentary about other posters. I would love to know what, if any, pairs you are bullish or bearish on right now? As for my monthly average of pips, I do not keep score. Most months are positive, but some (like Jan 2017) suck the money and the life energy right out of me
Perhaps you should keep score and keep records of your trades so you can improve. I think the way to get consistency is to constantly improve. Trade live accounts only. No pain no gain

I went short on USDMXN a few days ago at 18.6
You came here for the truth and let me unveil it for you
  • #53
  • Jun 8, 2017 4:52am Jun 8, 2017 4:52am
Usually negative pips. Lol
Risk comes from not knowing what you're doing.
  • #54
  • Jun 8, 2017 4:33pm Jun 8, 2017 4:33pm
Quoting marcmarc
{quote} Hi newbeggar, like your honesty, I also know that feeling (rather too well!). After many years of that kind of experience I finally cured myself of terrible months by analysing exactly why it happened. As your strapline (like that too) suggests, I was making the same basic error over and over again, in my case it was basically revenge trading once behind - with fairly inevitable results. Once I understood that, I was able to force myself to accept the loss and work slowly back with good trades and strict risk control, not rash ones and overtrading...
Sounds like you got it under control Marc.

Lost in Jan 2017 due to unseasonable weakness in USD. Buying USD after market opens has been a no brainer trade that usually works. I got stubborn and arrogant, held the trade until my 20% down rule kicked in and I had to close out. After 20% down, I normally take break to clear mind so not enough time to make it back to break even. Been profitable all other months this year. I normally don't let a loss run this much and should have pulled plug earlier but the Buy USD on first day of New Year has been a real good moneymaker.
Ecclesiastes 1:9
  • #55
  • Edited 5:25pm Jun 8, 2017 4:52pm | Edited 5:25pm
Quoting RondaRousey
{quote} Perhaps you should keep score and keep records of your trades so you can improve. I think the way to get consistency is to constantly improve. Trade live accounts only. No pain no gain I went short on USDMXN a few days ago at 18.6
Looks like it's going your way, good work.

I am currently flat waiting on some news for the UK election. Cable just dropped more than 2 cents but I don't want to jump on it too early as exit polls are just coming out.

I think I will have a look at a monthly results. I watch the monthly cycles for trading bias. Makes common sense to see my monthly results overlaid on the cycles. I may shake out a strength or weakness in my trade.
Ecclesiastes 1:9
  • #56
  • Jun 7, 2018 2:26pm Jun 7, 2018 2:26pm
Barely into June and already 1895.3 pips!
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  • #57
  • Jun 7, 2018 2:53pm Jun 7, 2018 2:53pm
In average, more than 1K green pips. But, it’s really tough to mention any specific number, since it’s not same.
  • #58
  • Aug 5, 2018 12:43am Aug 5, 2018 12:43am
Every one with positive pips every week must be compounding forum billionaires.Just compound it every week.

I struggle to make more than 30 pips a week manual trading.
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  • #59
  • Last Post: Aug 5, 2018 1:11am Aug 5, 2018 1:11am
there will be more winner replying your thread. but real winner won't show off their number here.
Win/Loss Ratio
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