Forex Day Traders: How many pips?

[Bickz]

Forex Day Traders: How many pips do you glean on average per trading day?

 

[NYOBScalper]

Quote from Bickz:

Forex Day Traders: How many pips do you glean on average per trading day?

Your numbers seem a bit high... averaging 50 ticks/day, least of all 200, with losing days, seems absurd... but what do I know.

 

[bugscoe]

Pips don't tell the story, $'s do.

Someone may boast of making 50+ pips a day but is only trading 1 mini (or smaller).

 

[sim03]

Quote from NYOBScalper:

Your numbers seem a bit high... averaging 50 ticks/day, least of all 200, with losing days, seems absurd... but what do I know.

Well, he did say "glean," heh.

glean -verb (used with object)
1. to gather slowly and laboriously, bit by bit.
...

Of course, the poll categories are absurd. Asking how many forex day traders glean 50 / 100 / 200+ pips a day, on average, is roughly the same as asking how many ES day traders glean 7.5 / 15 / 30+ points a day per contract.

 

[sim03]

Quote from bugscoe:

Pips don't tell the story, $'s do.

Someone may boast of making 50+ pips a day but is only trading 1 mini (or smaller).

It's neither pips nor $.

% return is what really matters.

 

[cvds16]

It isn't: you need both % return and abolute $ return ! one without the other means nothing ...