Do you earn 300 pips in 1 month? - Page 4

JanaSergeevna · 19-01-2005, 08:30

Quote:

Originally posted by Croesus What's the name?

It's called Epiphany Trade, as has been mentioned here in another thread. It is not a signal-selling company, but the signal-providing department of a small asset management/investment company in the UK. They trade Forex on behalf of a few select clients using the clients' funds directly. I know about it only because my father has been one of their clients for many years. They used to have a website, which I remember seeing myself, but I understand that they removed it last year after deciding that they are no longer seeking new clients to buy the signals. I know that I am not the only subscriber of theirs on these boards but I am perhaps the only one who admits it openly.

tristan801 · 19-01-2005, 12:53

Quote:

250+ pips /month/pair is possible one . If any one say not possible or too hard to acheive can they explain why not possible

Is it possible? I would make the opposite question, if anyone say is possible to archieve(250+ pips/month/pair ) can they explain HOW is possible?
As I'm still learning I want to know your experience, and want to know on what should I focus in order to archieve those pips.

Croesus · 19-01-2005, 13:44

Quote:

Originally posted by tristan801

Is it possible? I would make the opposite question, if anyone say is possible to archieve(250+ pips/month/pair ) can they explain HOW is possible?

For this question isn't a single thread that can give you an answer.
The whole forum is the answer, all infos are there,
nothing new under the sun.

Sure yours is a common question, do you find it?

comenow · 19-01-2005, 15:42

Quote:

Originally posted by tristan801

Is it possible? I would make the opposite question, if anyone say is possible to archieve(250+ pips/month/pair ) can they explain HOW is possible?
As I'm still learning I want to know your experience, and want to know on what should I focus in order to archieve those pips.

Find a system that wins you half the time, win 2 for every 1 you lose, then stop listening to other's advise and just trade your system with rigid discipline. You could have made 300 pips today dong the following. Wait for a top to be formed. Then prices will come down and go back to test the top. If they fail and go below the previous low, you jump in. Do the reverse for a down trend. If you do this with rigid discipline, you will never need to read any book or suggestions on this forum. Will you do it? I don't know.

TrendlineBreak · 20-01-2005, 02:50

Find a system that wins you half the time, win 2 for every 1 you lose

Don't understand ?

I read this as saying find a system that wins 50% of the time then use it to win 66% of the time.

eh ?

comenow · 20-01-2005, 08:58

Quote:

Originally posted by TrendlineBreak

Find a system that wins you half the time, win 2 for every 1 you lose

Don't understand ?

I read this as saying find a system that wins 50% of the time then use it to win 66% of the time.

eh ?

Sorry for the confusion. What I mean is that if you have a system that works half the time but your win:lose ratio is 2:1, you will wind up a winner. So if you lose 40 pips for every 80 pips gain, over 100 trades, you will lose 2000 pips but win 4000 pips. That is a 2000 pips profit. Assuming that you are playing £10 per pip, that is £20,000 profit. If your risk capital is 20,000, utilising 40 pip stop loss will cost you only cost you 2% per trade. If you do 100 trades a year and win 50% of the time, you will end up with 100% profit per year.

I say this is achievable for a disciplined trader. If not, why not?

TheSundanceKid · 20-01-2005, 09:32

Quote:

Originally posted by comenow

Sorry for the confusion. What I mean is that if you have a system that works half the time but your win:lose ratio is 2:1, you will wind up a winner. So if you lose 40 pips for every 80 pips gain, over 100 trades, you will lose 2000 pips but win 4000 pips. That is a 2000 pips profit. Assuming that you are playing £10 per pip, that is £20,000 profit. If your risk capital is 20,000, utilising 40 pip stop loss will cost you only cost you 2% per trade. If you do 100 trades a year and win 50% of the time, you will end up with 100% profit per year.

I say this is achievable for a disciplined trader. If not, why not?

Well no doubt it's acheivable, however I don't think that it's quite as simple as your make it out to be.
Winning 50% of the time is quite a feat for anybody/any system, even with a relatively low, 2:1 R:R ratio.
Discipline is *very* important, but can only take you so far...

Peace Up, A-Town Down,

Sundance

comenow · 20-01-2005, 10:50

Quote:

Originally posted by TheSundanceKid

Well no doubt it's acheivable, however I don't think that it's quite as simple as your make it out to be.
Winning 50% of the time is quite a feat for anybody/any system, even with a relatively low, 2:1 R:R ratio.
Discipline is *very* important, but can only take you so far...

Peace Up, A-Town Down,

Sundance

But most simple systems will win you 50% of the time. Making money trading is easy if you have the emotional control not to overtrade, cut your losses, let your profits run and don't panick when things are not working out. You can use simple MA xovers and win half the time. So, if you have the discipline, why is it hard?