Thread: Ouch!!!!!!!!!!!200 pip stops hurt!

Originally Posted by ;

I agree entirely! The number of pips that you win/lose is irrelevant! The percent of your account is what it important. I would rather lose 200 pips which was 2% of my account compared to 20 pips that has been 10 percent of my account.

Simon

20 pips = 10 percent of account? Who'd trade like that?

Originally Posted by ;

20 pips = 10 percent of account? Who would trade like this?

I am trying to illue the point that the number of pips you make/lose is not actually all that relevant. It is dependent upon your position size about how much money you will shed - this is the important thing not the number of pips.

Simon

Originally Posted by ;

I am attempting to illue the point that the number of pips you make/lose isn't actually all that relevant. It is dependent on your position size about how much money you will lose - this is the very important thing not how many pips.

Simon

Exactly. It is all about money management. Maintain your danger to 2 percent or whatever you are comfortable losing and it does not matter if you lose 2000 pips. So long as it's part of a well planned and analyzed egy.

Wiz.