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Thread: How many pips does a quotsuccessfulquot trader collect weekly?

  1. #21
    Well,when I will grow up and I will finally start earning money,possibly after then I will stop counting pips.

  2. #22
    Quote Originally Posted by ;
    Well,when I will grow up and I will finally start earning money,possibly after then I will quit counting pips.
    You may do it wrong before you have money? Then you will start do it correct?
    Sound not the wise way?
    Will you also start to utilize a SL when you have grow up?
    Will you start to use money management when you grow up?
    Will you start to use calculated egies once you grow up?

    All same. Doing from start, it correct? Beginning with errors is helping you calculate many things wrong.

  3. #23
    I didn't say that.
    I am using MM,SL,even calculating egies.
    But I also ripping pips.
    If I understand how to make sure number of pips in certain time interval using my egies, by employing MM I will move them into money.
    That I may be wrong,but it works for know.

  4. #24
    It depends on their trading egy or system! However, it's true they make sufficient number of pips as monthly basis! I understand a pro trader, who is focusing mostly yearly target rather than monthly!

  5. #25
    Quote Originally Posted by ;
    It depends on their trading egy or system! But, it's true they make enough number of pips as daily basis! I know a pro trader, who's focusing mainly yearly target instead of monthly!
    I concur. Even thousand mile journey begins with the first measure,and after that second and before you reach your destination,you'll have to make all those tiny steps.Some of them backward,but they're constantly there.Certainly after while,you can stop counting them a love your travels,but they're constantly there.Those little steps.

  6. #26
    Quote Originally Posted by ;
    I did not say that. I'm using MM,SL calculating egies. But I counting pips. If I understand how to make certain amount of pips in some specific time period using my egies, employing MM I will move them to cash. I might be incorrect,but it works for know.
    Then you want to understand:
    - exactly how many pips earned in each trade
    - exactly how many lots utilized in this trade
    - exactly how many rollover each trade had
    - exactly how many commissions was in this trade
    - how far would be that the pipvalue of the traded currency

    after you understand this, you can calculate your win/transfer in cash. Thats crazy, easy calculating win is so much more simple.

    Should you inform me, you calculate with this points for each trade, then add it all together, you then come to the correct result and only eliminate time (so it still works for you) but at the cost of time (whats more worth then cash in trading).

    In case you calculate for one trade in pips won, all is nice. The problem start by tot up pips to get weekly /monthly statistics, due to often different lot sizes, different currencies used, different rollover, different commissions payed, ... that the pipvalue will change a lot.
    With 10000 pips won in a month you'll have 10.000 euro loss same time or you've win, nobody understands when only knowing the pip number from the month, thatswhy noone is using it.

  7. #27
    Dukas, and what about keep it simple?

  8. #28
    Quote Originally Posted by ;
    It depends on their trading egy or platform! But, it's true they make sufficient number of pips as monthly basis! I know a professional trader, who's focusing mostly yearly target as opposed to monthly!
    Yes I also acknowledge it totally depends on their trading egies with MM. Can you really make sure professional trader that you have stated ?

  9. #29
    Quote Originally Posted by ;
    It depends on their trading egy or platform! However, it#8217;s true they make enough number of pips as daily basis! I know a professional trader, who's focusing mainly yearly target rather than monthly!
    Its so simple, when an expert trader counting in pips, he's no expert trader, he's a total beginner. Never a professional trader will counting pips, therefore dumb is impossible once you trade longer period, but perhaps I am wrong and you will find extrem unxperieced traders after many years trading.
    But the possibility is much higher he calls himself expert trader and is still a newcomer.

    It#8217;s authentic they make enough number of pips as daily basis. This can you not assist, you'll have 10000 pips won and same month 10000 money lost. Calculating useless things dont help you to know anything about your sucess.

  10. #30
    Dukas, and exactly what exactly do you suggest? Not counting the pips? Aren't they basic for every single egy?
    I know,that value of very pip differs,but when I will plan ma egy,I'll have ascertain first quantities of pips currency will proceed in time period,then I need to determine number of pips I'll targeting and dimensions of this trade.Of course SL and TP.
    So there are constantly pips involved,somehow I can't eliminate them.

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