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Re: 15 pips to a FORTUNE
From a mathematical stand point of view sounds good, but from a RRR (risk reward ratio ) its not practical... you have to aim more gains when it comes to good trades in order to be able to get a good promediation on your stop losses... so lets say you take a trade and you can have a 50 pip potencial, you should take the entire potencial and not condition yourself to a low daily target.. any way your objective is a good concept...having objectives is good... I think that would be wiser to take that objective to a week... for the entire universe of a week you should aim x amount of pips.... that will give you more flexibility to take only the best trades and also have a good RRR strategy... I have done some proyeccions... and if you do 35 pips per week you will make in two years a humble climb from 10.000 dollars to 300.000.000 and if you dont want to go any bigger.... with 300.000.000 you can make at a pace of 35 pips per week 150.000.000 per month , not bad to pay your bills... now the truth is other... you have to be a very well focused trader to finish every and other week with 35 pips... most probably that will not happen, becouse from a RRR stand point of view you will need to make more than 35 pips per week in order to absorb all your future and past stops.... so in other words... just trade with good money management (RRR) and you will make the "equivalent " to that money or even more, but dont get yourself conditioned to making certain money in certain time.... you cant tell the market do this or that... just take in the proper fashion what he (the market) can give you and you will be surprised on the results.... I still like your positive spirit, that will take you to good results, just dont think to much on the money.... think on trading well, money comes alone... cheers Walter.
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