235 pips over 39 trades - hopefully live on Zulu tomorrow as âBettybooâ
235 pips / by 39 trades = an average of 6.02 pips per trade. Wow!:56:
Sorry, donât think Iâll be fighting for a front row seat so start without me, okay?
I must say that you have done a good performance over all
Which pair have you used for trading ?
Hey d-pip⌠that includes losers too (thats how zulutrade works).
Letâs break this down again for the beginners:
Trade 1: +50 pips
Trade 2: -45 pips
Trade 3: +25 pips
Trade 4: -30 pips
Trade 5: +40 pips
Net = +8 pips avg/trade.
Doesnât mean this trader has an 8 pip target per trade⌠just means his avg trade (including losers) is +8.
Simple.
Didnât look at Zulu, just took the numbers posted by meseany, 235 pips over 39 trades = an average of 6.02 pips per trade, right?
Right⌠iâm just explaining to you that what that 6 pips per trade means.
From your comment, you didnât quite understand it.
Hereâs the example againâŚ
Trade 1: +50 pips
Trade 2: -45 pips
Trade 3: +25 pips
Trade 4: -30 pips
Trade 5: +40 pips
Net = +8 pips avg/trade.
Am I targeting 8 pips per trade?
I know exactly what an average of 6.02 pip per trade means.
After taking 39 trades Bettyboo has earned 235 pips for an average of 6.02 pips per trade, right?
I have no idea how many pips Bettyboo is targeting, I know nothing about her trading method.
From your negative comment, i figured you knew BettyBoos trading style.
consistently winning is key not total pips.
avoiding unnecessary negativity and sarcasm is best practice - donât even entertain it.
now some perspective.
someone targets 20 pips a trade 1:1 r/r (so stop is 20 too) and after x trades for the week manages to come on top just 1 pip for the whole week after almost equal wins and losses and cost of tradesâŚ
targeting 20 pips at the usual (but not so prudent)) 2% a trade means they came up 1pip/20pip * 2% for the week or 0.1%
after 42 weeks of doing this they are up 4.2% annual. Better than many hedge funds and only by coming up with +1 pip at the end of the whole week.
Now doing this and averaging +6 pips on positive trade outcomes is 6pips/20pips * 2% for the week is 0.6% for the week.
after 42 weeks of doing this that is 25.2% annual.
If u average 6 on 1 trade or on 2000 trades makes no difference. what matters is a positive average once u come up for air.
as long as that average is consistently more than say 2.5 (basically a number that covers ur costs per trade) u deserve a pat on the back.
If u get 2% for the week that is 84% annual. in order words if u average 20 pips u normally target in positive trade outcomes for the week, whether in 1 or 300 trades same difference.
2% exposure of course determined by setting contract sizes given current balance.
stay focused on the facts in the numbers, external opinions and comments go down with a pinch of salt.
think about the numbers and risk.
Itâs not hard to get 20 pips and risk 2% getting.
Itâs hard to trade all week and come out of it 20 pips on top and having used consistent risk:reward and money management on the way there.
if u stick to a system and not be too discretionary e.g always maintain predetermined risk/no. of contacts thereâs a good chance u can do well.
6+ pips average as part of a consistent system is a win given the principle illustrated herein.
Just my 2 pips - take it or leave it
Ok smart ass lol - 334 pips since 30th May, just over 1 week - but of course youâre far better arent you
Im under Zulu âBetty Booâ
Uptick Im happy with 334 pips in just over a week - just need to keep it up - not losing is the key
334 pips since 30th May - will do me - Im sure Ive got my critics but hey ho⌠I tend to trade the EUR in the main - Ive been swing trading it recently - things can get pretty hot so its all about managing the trades whilst they are running - Ill take more of the same position or open in the opposite direction - which ever covers my exposure - thanks Dom
dear bettyboo - you trade your style and do not listen to anybody, i believe it is best to hold small profits but stable.
Being able to maintain a level of consistent Profits is what any trader must be looking at. This holds good when we see that they may be considering to becoming a Full time trader or already are one.
and for a follower as well
and for a follower as well
Ranked at 3,517 at the mo - now at 338 pips since last Monday.
Silly me - I need to place at least 15 secs between trades else they will not signal through - will not do this again
Annoyed because my actual account shows 368 pips but I placed some within 15 secs of each other - oh well - live n learn
betty boo,
you need to have 15 sec time lag between trades?