My daily target is 30 pips per day but sometimes I get more than that.
30 pips is good or not, if calculated a week means 600 pips.
adjust the target with capital, small capital big target risk is also large.
yes indeed if the target profit is adjusted to capital and skills, at least we must have a benchmark, for example, this daily target.
adjustment is what supports the achievement of the target, must always be adjusted properly.
The target should not be determined based on pip acquisition per day, because market conditions are inconsistent; but based on the probability of profit from the overall trading which is commonly called the expectation of profit or expectancy. The profit expectation is calculated from the amount of the average profit in the times of trade and loss on average in the number of trade times. It is also important to note: usually, targets are determined after a long trading period (for example 6 months or a year), not a very short trading period such as a day or 2 days.
as traders we have to have daily, weekly and monthly targets ... by setting the target losses as well. I target only 50 pips daily with a risk of 10 pips of loss.
0 Members and 2 Guests are viewing this topic.
