I wanted to start a thread to receive people's opinions about the amount of pips one needs to make. I currently make about 4000 pips a month with a 100 pips stop using the daily charts. I am looking to take my same strategy on a intra-day level to get more money plus I get bored. I can pull this off with a 10 pip stop loss. The catch here is I may only make 400 pips a month but of course they(pips) would be worth more as I risk about 5-10% per trade.
I used to pride myself on how many pips I could make but the more I think about it, as long as I can make X amount over a shorter time frame, I could just load up on the lots.
I just read an article about being "3D". No need to make a lot of pips as long as you know you can make some, you can just make them worth more. As long as the money management is straight.
I guess I am just curious if a lot of people here go for a lot of pips or some and make them worth more.
I used to pride myself on how many pips I could make but the more I think about it, as long as I can make X amount over a shorter time frame, I could just load up on the lots.
I just read an article about being "3D". No need to make a lot of pips as long as you know you can make some, you can just make them worth more. As long as the money management is straight.
I guess I am just curious if a lot of people here go for a lot of pips or some and make them worth more.