So you assume to know what the market is going to do... Interesting. a Forecaster... Soothsayer... If I recall, they got murdered when their predictions don't come true.... Then we became a civilized society and allowed false prophets to run among us. LOL.
I sense a very negative and defensive attitude towards this. Is it your book that recommends this strategy? So you can make 10 pips a day every day for 250 days? Without ever taking a loss? Wow you probably the worldâs best trader to perform like that. That is incredibly impressive and if true i take my hat off to you
Book, what book. When did I ever mention a book. I learned how to trade the way most do. Make some, lose a lot and grow up. LOL. Who said one would never incur a loss. if your goal is 10 pips per day and you gain 300 and lose 290 I think you achieved your goal. But then I was never really good at math.
Do you actually read what i post? Or just see what you want to see? It is you that assumes to know what the market will do with your ability to be correct 250 days without a single loss. And by your own post earlier you allow the market to run from you without a stop, so i wonder how big is your 1 loss if you do ever have a losing trade?
If you are refering to making 300 pips in one day here then that isnt aiming to make 10 pips a day is it? If you mean 300 days making 10 pips each day, and you get it wrong 290 days then you lose huge amounts of money by your own money management rules.
Hmmm. I love misquotes. I never said one could achieve this without a single loss. Perhaps you should aggregate all my posts in this thread and read what I said. I said I don't use stops.... I didn't say I let it run without STOPPING it.... SO you keep wondering. If you go back a ways, I listed what my biggest loss has been.... Again read what I say, quote it accurately before you run off half-cocked. You sound like a preacher who never read the bible....
Forgive me for not making it clear to you.. If in ONE day you earn 300 pips and lose 290, you achieved your goal.. If a persons goal is 10 pips and they see the opportunity to make more why on earth would they close out? If you enter just before anews breakout and it races 20 to 50 pips in your favor, will you stop at 10 or let it finish the run and dip out on the reversal. My Goal is to have sex once a day with my wfe. You think I am gonna turn her down if she says lets go 3 rounds today??? DOUBT IT!!!!! Perhaps that will help you understand MY point...
I I am trying to have a conservation simply giving my opinions. This last post and others you decide to insult and patronize me. Seems you may be getting a little annoyed? You must close a trade for a loss at some point and that loss is more then 10 pips, hence your losses wipe out your gains. Am i not explaining this clearly? the only way they would not wipe out your gains is if you are correct more then 80% of the time which if you are then is an incredible feat. You should be working for wall street.
Slowly we may be getting somewhere. Great you will close trades out for profits greater then 10 pips. But hang on? Now we are not aiming to make 10 pips a day are we? In fact we are aiming for more? 20 to 50? or even more, so actually why ever stop your winning trade at 10 pips? because if you do you are bound to failure but cutting your profits early. Seems a bit silly to cut your profits early like that, you even say it youself. Using your own analogy, As you say your wife wants to go another 3 rounds why would you refuse?
Acs...I agree with you about this 10 Pips Per Day - Everyday bullshit that these guys claim is easy. I gave up on this thread a couple of days ago. giles117....You use "if" way too many times in your "trade examples". In the real word "if" doesn't cut it.