Forex Day Traders: How many pips?

Discussion in 'Forex Trading' started by Bickz, Nov 15, 2007.

Forex Day Traders: How many pips do you glean on average per trading day?

  1. Manually: 0 - 50

    10 vote(s)
    50.0%
  2. Manually: 51 - 100

    3 vote(s)
    15.0%
  3. Manually: 101 - 200

    2 vote(s)
    10.0%
  4. Manually: 200+

    2 vote(s)
    10.0%
  5. Mechanically: 0 - 50

    0 vote(s)
    0.0%
  6. Mechanically: 51 - 100

    0 vote(s)
    0.0%
  7. Mechanically: 101 - 200

    0 vote(s)
    0.0%
  8. Mechanically: 200+

    0 vote(s)
    0.0%
  9. I prefer not to say

    3 vote(s)
    15.0%
  1. Bickz

    Bickz

    Forex Day Traders: How many pips do you glean on average per trading day?
     
  2. Your numbers seem a bit high... averaging 50 ticks/day, least of all 200, with losing days, seems absurd... but what do I know.
     
  3. Pips don't tell the story, $'s do.

    Someone may boast of making 50+ pips a day but is only trading 1 mini (or smaller).
     
  4. sim03

    sim03

    Well, he did say "glean," heh.

    glean -verb (used with object)
    1. to gather slowly and laboriously, bit by bit.
    ...

    Of course, the poll categories are absurd. Asking how many forex day traders glean 50 / 100 / 200+ pips a day, on average, is roughly the same as asking how many ES day traders glean 7.5 / 15 / 30+ points a day per contract.
     
  5. sim03

    sim03

    It's neither pips nor $.

    % return is what really matters.
     
  6. cvds16

    cvds16

    It isn't: you need both % return and abolute $ return ! one without the other means nothing ...