How many pips do you try for per day or per trade typically

Beginner Questions
21

I just make 2 pip whenever I can. Coz, I am a busy man, and I seldom do trading.

22

I will suggest you set target for long time. Small period always not retunes good results. One more thing keep update with news that’s another good way.

23

80 is ok, personally I go with something along the lines of 30-50 pips in my accounts.

24

I really do not trade in this way. Forex is not a place to be greedy. I just want to trade after watching the overall condition of the market.

Now i am earning handsome amount of money. Forget about pips, you would earn lots of pips if you trade at the right time.

25

I expect 100 to 200 pips a week. I do my analysis on sat/sunday/monday, find an opportunity to enter and let it ride until profit levels are reached or near reached because I have to constantly change the structure of my analysis when new price waves form.

26

Adaptation at its best!!

27

I [B]would like[/B] to make 20 pips a day which seems just so doable, and to some degree have done so, but not consistently unfortunatley. It is becoming apparent to me that maybe one should just try to get what they can, some days/trades a 100 pips, some days/trades 40, some days/trades nothing, and a couple of -30’s etc. Then average the pips over time and if that average turns out to be 20 pips a day, then that seems a lot easier than trying to force x amount per day or trade :slight_smile:

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28

I agree with most of your views, however, I disagree with your time frame assessment for profit. I believe it is OK to give oneself one week as the period for setting a target if you are day trading, e.g. trying to make at least 50 to 100 pips per week. If you are a long term swing trader than the time frames of quarterly and yearly will make good sense.

29

Well, there will always be shades of opinion in trading, but to be honest I posted that over five years ago so I think it’s a little past its sell by date in terms of analysing that particular post!

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30

True, the post is old but still retains its value of good info for newbies like myself.

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31

Fair enough. I haven’t been on BP in a while and barely recognised the place! Has had a complete redesign since I was last here. Hope the trading goes well for you.

ST

32

I’m a long-term trader, none of my trades are intra-day. So my time horizon for profitability is 3 or 4 weeks, rather than per day.

However, my only target is what % of my trades were taken that followed my own rules for entry, stop-loss, pyramiding and exit. That is hard enough, even now, rather than counting pips, but is also far more positive. It does emphasise, the only person responsible for your trading success is yourself - not the market or the broker or Jim Cramer or the Financial Times or whatever - its you.