Originally Posted by
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I'm often pissed off by individuals who informs me that they just have an EVERYDAY TARGET of 5pips, 10pips, 15pips etc.. My problem here is if it be a habit whenever there are opportunities at times to create 100-400 pips?
Firstly, if those are continuous scalpers, then I don't have any say because I understand scalpers would use large lot size to target small number of pips so as to make substantial profit. Conversely, using little lot size to target number of pips with any trader is what I believe is going to be a dumb idea since what impact will that have on the account size?
My main grudge this is that, this men and women who state their daily target is that this ridiculosly low number of pips,
1. Are they attempting to state that the waves of approximately 100-400 pips that could be drawn up by means of a pair in a day/week(particularly the yen pairs) can be ALWAYS AND FOREVER difficult to ch? I am not saying it's simple to ch at all times anyway, but my problem here is whether it be a habit of targetting this tiny pips? And if it could be a habit, are these traders extended term successful traders? Since I have at many times made 100-400 pips trading waves.
2. For people who always mention 5pips, 10pips, 15 pips because their target, what net or long term impact does it have in their account size? To the best of my understanding scalpers are not succesful traders around the term, or does any scalper tell me he's scalped just like that throughout a year and he is succesful with his account has not blown down any? account ?