![]() ![]() ![]() Hmmm.reading your post luc, I think you answered your own question IMO, which is awesome of you! I think you are worrying about what everyone else is doing, and what I have learned from my own experience (having the same question as you!) is to not worry about it. 5% seems like a huge challenge right now. I'm very pleased to hear that 1.5% might be a reasonable target 'to start', although that extra. One can get obscenely rich on that in just a few years, starting from almost any size account ( assuming 100% re-investment for a few years). Is 200 pips a day, a small number, for a full time trader or is it average or more than normal? I have no feel for what it ought to be.Īs for percentage, I was hoping 1% per day average would be reasonable. I do understand that consistent profit (of any amount) is the most important thing because we can scale up, but still. But I am interested in knowing what is a reasonable and what is an unreasonable target. However, they really are very silly mistakes so I keep telling myself I just need to be more careful. I'm beginning to think that maybe I'm trying too hard, and that is causing me to make catastrophic mistakes about every 100 trades. So, my days are usually around 200 but sometimes I have a really terrible day. But I do have the occasional day when I do something really, really stupid. Today I made 167.5 pips, most days I'm making about that or more. My logic being that if I can train myself to consistently get 250 pips per day at 0.01 trade size, then I should be very comfortable getting half the pips (125pips ) per day at say ten times the quantity per trade. In ranging markets, I scale into positions, so that does gear-up the pips. Or whatever the year was divided by the number of trading days to account for the quiet if I stick to targeting pips and forget %, fine but what is a reasonable pip target? I have been aiming for 250 pips per day, with 0.01 quantity per trade. Even if one does only say 4 trades a month ( trading say a daily chart or whatever ) the average per day would just be whatever the month was divided by the number of trading days. I'm meaning average per day, not per trade.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |