Thread: i want only 1 pip everyday

I believe that it is not a bad idea to go for a 1 pip. I know traders who only want a 0.1 pip. Of course they play with countless but it will show that there's something within this egy.

This is a common newbie error, to work the maths so that 1 pip per day can turn you into a living and then to start looking for a way to make just 1 pip each and every day with a 100% win rate egy. Price fluctuates all over the place every day, so of course we can make just 1 pip every day, right? Wrong.

To start with, the minute that you enter you will be 1.5 - 3 pips at the negative because of disperse so price will have to move 2.5 - 4 pips on your favor to reach your 1 pip target. It is not possible to enter and have price movement a few pips in your favor every single time you input. There will inevitably be instances when price runs from the entry right off the bat. It will happen more often than you may think. I could provide you a simple egy which will earn you 1 pip per trade the majority of the time, but not all the time. And exactly what do you do those times price runs contrary to you without hitting on your 1 pip target? Where will you exit the market?

A lot of us have had the same thought because you but trust us, the 1 pip every day plan is a no go unless you have the funds to move the market or receive a total trade transaction of 0.5 pips or not. And then it would be hard and you'd still need a fantastic positive expectancy egy to pull it off.

Why input in 5 different accounts.

If you see strong momentum in 1 direction it shouldn't be difficult.

Fingers crossed...

Originally Posted by ;

Noobs, go away.

For pro's. Do you know the way how to earn 1 pip everyday trading on forex?
I trade 3 lots simultaneously. That is 30$ per transaction. 20 days = 600$. On 5 accounts that is sufficient for me (3000$). That is all I need. Do you understand the way how could I do so?

Originally Posted by ;

I've got a easy way. Have a trade free of SL, long in case you flip the coin Heads, and Short if you flip tails, and then take profit at 1 pip. This will offer you 1 pip most of the days. On the days you don't hit 1pip profit, commerce double the dimensions and if that fails, next day 3x the dimensions, finally you may cover the deficit of pips and you're able to lower the size of the trade to the initial quantity. There you go...

wow, now why didn't I think of that. You are a genius. People, We've finally discovered the holy grail

The risk is too large. Yes you will have an insanely large success rate, but your average loss will finally outweigh all the gains... and then a number (assuming your account is $100,000 or less).

Ironically, in the event that you took the opposite approach of risking just 1 pip for an open ended gain, you stand an equal probability of ching a fantastic run. 1 issue with this approach is not knowing when to allow the profit continue to operate. You would need to decide on a target at some point in this direction too. Could not it be funny if your take profit in this direction was of the preceding loss plus 1 pip. LOL. There is also the potential for falling so deep into negative that recovery is not possible or requires too much time to regain making it an economically unfeasible investment.

If someone was wondering, I was being sarcastic, there's no 1 pip a day system. Find an EDGE! (it's out there)

I've got a colleague who aims for one cent movement in equity trading. His account size is 20K . He earns only 50 dollars per transaction by taking a cent profit. And he does this with consistency.

From a rational perpective, the level of risk was minimized if the transaction does go in his desired direction since he literally do not hold winning transactions. But to me, it's silly. 20K account to win 50 dollars a day? When you're able to make at least a couple hundreds with the same account size whilst still remaining pretty conservative.

For Forex, I'd say 10 pips miminum for a large trading dimension is reasonable. Making 10 pips is very easy. I get them regular. But if you are doing lots of Forex transactions one day, 5 pips or so profit per transaction is okay.

Originally Posted by ;

Noobs, go.

For expert's. Do you know how to earn 1 pip everyday trading on Foreign Exchange?
I exchange 3 lots simultaneously. That's 30$ per trade. 20 days = 600$. On 5 accounts that is enough for me (3000$). That's all I need. Do you know how can I achieve this?

Well its $150 each pip you are doing. Just my view but why waste your time making 1 pip each day, when you could concentrate making 5 pips at a week. It is like making one call rather than 5 great calls in a week. You could enjoy more time doing other stuff!!

Originally Posted by ;

I have a colleague who aims for a single cent movement in equity trading. His account size is 20K . He earns just 50 dollars per trade by taking a cent profit. And he does this with consistency.

From a reasonable perpective, the level of risk has been lessened if the trade does go in his preferred direction since he literally don't hold winning transactions. But to me, it's silly. 20K account to win 50 dollars each day? When you're able to create at least a couple hundreds with the same account dimensions whilst still remaining reasonably conservative.

For Forex, I'd say 10...

What's your ordinary reduction? How often are your transactions stopped out?

Originally Posted by ;

What's your ordinary loss? Are your trades stopped out?

1. My typical loss amount ranges from a few pips to 15 pips usually.

2. Difficult to say. My account size is growing, so I figure I am doing fine currently.