My target is profit
yes,but you're alive for approximately 6 weeks,and that he lost 3 accounts performing it.Talking about exxagerating...Originally Posted by ;
I aim 1000 pips per month. I've achieved 11 consistent months in a row, close to this target (some months below, some months above).
I see the target as a round number, where I could aim for and achieve or - 150 pips either manner, around that figure.
But I produced close to 2200 this past month. . .the finest on record!! (for me)
I think the men and women who have targeted 80-100 pips a month, are targeting too low for a full time trader. (depending what your attempting to achieve from trading)
With effective approaches and systems, you can suck a lot more out of the marketplace.
I have learned the hard way that goals, if they are daily or weekly, pip or percent are a bad idea. I am more likely to take a marginal commerce or a bad one and wind up losing money, if I am away from my target.
I have discovered that the best approach is to attempt and choose the best, highest odds, transactions that I can find and prevent each the others. That's my hardest challenge--unless there is a really good commerce to abstain from trading. If that's my goal that is entire , then I gain pips. From what I could see for the last 1 days, I have made over 6oo pips (we won't discuss exactly what the beginning of the month seemed like). I did not do nearly too when I was planning for a target.
For seasoned, seasoned traders a target might be a good thing, however I suspect it causes grief for a lot of beginners.