Thats right I have pulled in 100 pips for a month, no losing days, for a profit of 3,000 pips in November. All I did was pick up a penny off the street and put it in a jar. So far this strategy seems to be working. I hope to repeat it in December.
Good question. Somedays I took the day off but I made up for it with a two penny (200pip) day. I might start a live journal to prove my returns. I find it very stressfull going after 100 pips a day though. I hope I can make it through December.
Well done! A more meaningful number, though, would be not your average daily pip gain, but your average daily % gain. As you know very well, that little sucker, in turn, depends on leverage employed. 1:1 --> 100 pips ~= 1% (actually, 0.6 - 1.3%, depending on the currency pair) 10:1 --> 100 pips ~= 10% (6 - 13%) 100:1 --> 100 pips ~= 100%% (60 - 130%) and so on. Of course, the lower the leverage / the higher the margin, the easier it is to extract X pips within a given timeframe, stress-free, all else being equal. Whether X is 7 pips or 700 pips. What was your average leverage, your average daily % gain and on which pairs?
Yet another paper trader who is a paper millionaire. Dont you know its bad luck to talk about profits?
If i was making some serious cash, i do not think i would have time to post about it. That's just me though -Kastro