How many trades in a row do you guys average?

[roixover]

Also, how many pips per day do you guys average? I'm a newbie, and I tried the search function but couldn't find concrete answers.


thanks.

[greentea777]

It is not important how many pips you make. It's important how much money you make. I usually make about 50 pips a day. Sometimes I am at -50 pips for the day, but I have still made a profit.

It is about position sizing, and more specifically, it's not the pips that are important per day, but the % you make per day.

[forex777]

Greantea,

Please explain what you mean by being -50 PIPS for the day but still having made a profit.

Thank you.....

[autofx]

Originally Posted by forex777

Greantea,

Please explain what you mean by being -50 PIPS for the day but still having made a profit.

Thank you.....

I'm sure he means he can have a day where is down 50 pips, but over
time he wins more than he loses.

[forex777]

Originally Posted by greentea777

It is not important how many pips you make. It's important how much money you make. I usually make about 50 pips a day. Sometimes I am at -50 pips for the day, but I have still made a profit.

It is about position sizing, and more specifically, it's not the pips that are important per day, but the % you make per day.

Yeah, that's kind of what I thought he meant as well, however due to the specific wording "Sometimes I am at-50 pips for the day, but I have still made a profit." , I am led to believe that he may mean something else.

Just very curious about his statement.

Thank you

Would love to hear a response from you GreenTea777.

Take care....

[SimSpeed]

It's possible to end the day with total -pips and still turn a profit if your positive trades ended in a higher net profit than you losing trades end in a net loss.

That would generally mean you had a higher stake @risk on the winners than you had on the losers. You're a pretty good trader if you know when to risk more on one trade than another and show a net profit on a total -pip day.

[forex777]

Yeah Thanx,

That's probably what he means, eh?

I would still like to hear his 2 cents on the matter.

Thanx for the imput....

[greentea777]

Forex777,

SimSpeed is correct. But I will clarify with a hypothetical example.

For a particular day:
-100 pips loss at 1 lot ($10/pip)
+50 pips win at 3 lots ($30/pip)

For the day it is -50pips, however the weight of the 3 lots still brings the day to a positive balance of +$500.