teh pk sh0w
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I'm just curious to see what you guys have to say about this, and if their are any pro's here I would be happy to hear your responses to my question.
thank you
thank you
How many pips does a pro rake in per week on average?
- Thread starter teh pk sh0w
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Masquerade
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Pro what?
Pro scalper/pro position trader/pro swing/pro spread? etc.
Pro scalper/pro position trader/pro swing/pro spread? etc.
teh pk sh0w
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just all types of traders in general. Perferably swing traders though.
N Rothschild
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are they having a good week or bad week?
jiggly
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I personally dont shoot for anything that doesnt have at least the potential to net 200(1 contract/true pips) pips per trade, i usually get at least 1 'good' trade per week and on average make about 250pips/week. with a R:R of about 1:3.
this week i only closed out one position in the aud/usd, that netted me 207 pips and I still have a couple of open positions from last week which will be closed when i see fit.
my biggest trade was in the cable, just over 1100 pips over a 2 month duration.
it really depends on what the market wants to give, compared to how accurately i can read it and keep my emotions in check.
there are losers as well........
this week i only closed out one position in the aud/usd, that netted me 207 pips and I still have a couple of open positions from last week which will be closed when i see fit.
my biggest trade was in the cable, just over 1100 pips over a 2 month duration.
it really depends on what the market wants to give, compared to how accurately i can read it and keep my emotions in check.
there are losers as well........
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jiggly
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hes asking for the average....
N Rothschild
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who cares? someone might take 250 pips at 1 contract, someone else might take 20pips with 100 contracts..who gives a toss how many "pips" you made
teh pk sh0w
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thanks for your post Jiggly, and do you leverage your trades and if so, by how much? 1:10, 1:50 ect?
Or is that what you ment by R:R 1:3?
I'm a noob when it comes to trading terms.
Or is that what you ment by R:R 1:3?
I'm a noob when it comes to trading terms.
jiggly
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I sense much hatred in you, there is no need to be like that, this is not your thread and the OP asked the question.
if you dont care then dont troll forums asking questions for that which you care little about, you are indirectly making yourself look ignorant, with too much time on your hands.
for your information, the OP cares........but I am pleased I raised an emotion in you,
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jiggly
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R:R is risk to reward
1:50 leverage is the max i can go to with my broker, but the total amount at risk is more important to me than the leverage available.
say i want to risk 3% of my account, the only thing that will change as I change my leverage is the margin the broker takes as a deposit to sustain the position.
there are both advantages and dissadvantages to using leverage which can run a whole topic on its own, but i care little for it.
teh pk sh0w
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thanks jiggly
N Rothschild
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meow
any trader with half a brain cell knows it is not how many points someone takes, but how much money you take.
you are clearly not one of these people, nevermind
Disagree. Yes it's about the money. But the points mean a lot more.
Who's the better trader the guy who takes 20 pips @ £1,000 or the guy who takes 1000 pips at £1.
Arguably the guy who takes 1000 pips.
GammaJammer
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The pros wouldn't talk in terms of 'pips'. They would talk in terms of expectancy, R/R on trades, sharpe ratios etc, but they don't say "I made 35 pips in cable today". Means nothing without a risk framework (plus no-one says pips)
arabianights
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Only in the sense that the guy taking 1000 pips has probably taken a lot less risk imo.
B
Black Swan
jiggly
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Clearly..........but I have less than half a brain cell, thank you very much.
jiggly
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The pros wouldn't talk in terms of 'pips'. They would talk in terms of expectancy, R/R on trades, sharpe ratios etc, but they don't say "I made 35 pips in cable today". Means nothing without a risk framework (plus no-one says pips)
I do, I say pips, I say ticks, I say whatever I like,
why? because I can and it is free speech.
so if I cant refer to 'pips' what am i supposed to refer to the unit of measure as?, I feel your statement is so pedantic that it does not help the OP at all, he is a newbie.
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jiggly
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yes, pips = money,
but if the guy taking 20 pips had a risk of 5, and the guy taking 1000 had a risk of 1000 then it could swing the other way. in this instance only. however, it does as others have rightly put depend also on expectancy.
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