How many net pips of profit per week would you consider to be "killing it"?
How many pips/week is "Killing it" in FX?
- Thread starter pipscooper
- Start date
30 PIP/DAY = AVERAGE +
50 PIP/DAY=GOOD
75 PIP/DAY=EXCELLENT
100 PIP/DAY=KILLING IT
So thats 500/WEEK
Z CoMaNdAtOrE
50 PIP/DAY=GOOD
75 PIP/DAY=EXCELLENT
100 PIP/DAY=KILLING IT
So thats 500/WEEK
Z CoMaNdAtOrE
Hmm... 200? 500? I must be really scraping the bottom at this forex trading thing. How about twenty-seven? As in lowly 27 pips per week average P/L.
Combine that with startlingly low (many would say) leverage ranging from 4:1 to 9:1 (depending on the currency pair), and you'll have triple-digit, 100%+ returns this year, next year and every year. Putting the likes of Stevie Cohen and Monroe Trout to shame. With under 10% drawdowns, if you care about that sort of thing.
Do that for, say, 10 years, and you'll multiply your starting capital 1,000 times.
Of course, looking at the early poll results, that couldn't possibly qualify as "killing it." Too bad... just when I thought I was beginning to have a long shot at maybe some day getting the hang of it.
Combine that with startlingly low (many would say) leverage ranging from 4:1 to 9:1 (depending on the currency pair), and you'll have triple-digit, 100%+ returns this year, next year and every year. Putting the likes of Stevie Cohen and Monroe Trout to shame. With under 10% drawdowns, if you care about that sort of thing.
Do that for, say, 10 years, and you'll multiply your starting capital 1,000 times.
Of course, looking at the early poll results, that couldn't possibly qualify as "killing it." Too bad... just when I thought I was beginning to have a long shot at maybe some day getting the hang of it.
This all depends on risk... which also has a lot to do with timeframe.
If someone told me they made 500 pips the last week trading the cable on the weekly.. or daily for that matter, I'd be much more impressed off of someone who made 100 pips on the 1 min. with a 10 pip stop! There's a lot more money in it.
If someone told me they made 500 pips the last week trading the cable on the weekly.. or daily for that matter, I'd be much more impressed off of someone who made 100 pips on the 1 min. with a 10 pip stop! There's a lot more money in it.