Hi everyone,
I'm in this business for about 5 months and in this time I've managed to earn about 120 pips per month (far from spectacular, I know) for the last three months. Well, the July was kind of funny, since I've finished the month with 1 pip of profit.
Anyway, I trade Jacko style, which promotes less trading and more waiting (for right opportunities) which I really like and believe, that it is a valid way for making nice profits.
Well, I wonder, if expecting to earn 150 pips per month consistenly is a realistic expectation, because after I up my game from currently risking 3% to 5% per trade (as Jacko does) and after adding more money to my account (I have a small "learning" account of $4500, to which I will add about $20.000), earning 150 pips per month would be quite nice. That would be about $1800/month of extra income. Not bad.
I would apprechiate, if some of you could share your views on earning a certain amout of pips per month, and if you are constantly (well, most of the time) profitable, how much pips do you earn (on average) per month?
Thanks and GL!
p.s. forgive me, if I will be a bit slow with my responses, because each time I want to go on the internet, I have to move my laptop (from my working room) in the kitchen, where I can access my neighbours WLAN, while waiting for my new ISP to send me the modem.
I'm in this business for about 5 months and in this time I've managed to earn about 120 pips per month (far from spectacular, I know) for the last three months. Well, the July was kind of funny, since I've finished the month with 1 pip of profit.
Anyway, I trade Jacko style, which promotes less trading and more waiting (for right opportunities) which I really like and believe, that it is a valid way for making nice profits.
Well, I wonder, if expecting to earn 150 pips per month consistenly is a realistic expectation, because after I up my game from currently risking 3% to 5% per trade (as Jacko does) and after adding more money to my account (I have a small "learning" account of $4500, to which I will add about $20.000), earning 150 pips per month would be quite nice. That would be about $1800/month of extra income. Not bad.
I would apprechiate, if some of you could share your views on earning a certain amout of pips per month, and if you are constantly (well, most of the time) profitable, how much pips do you earn (on average) per month?
Thanks and GL!
p.s. forgive me, if I will be a bit slow with my responses, because each time I want to go on the internet, I have to move my laptop (from my working room) in the kitchen, where I can access my neighbours WLAN, while waiting for my new ISP to send me the modem.