Posted on: 10-08-07 16:56:03
Greetings from Vancouver.
I'm reading all of your posts with interest.
May I ask the traders who are considering teaching
others a few questions . . .
1) how many PIPs on average do you gain in a day?
2) over what time period?
3) what is the wins to losses ratio?
4) what is risk to reward ratio of the system?
5) what is the stop loss?
6) does the system encompass momentum, swing, and posltion trades?
Thanks for your time.
Quote:
Originally posted by TradeWynds
Greetings from Vancouver.
I'm reading all of your posts with interest.
May I ask the traders who are considering teaching
others a few questions . . .
1) how many PIPs on average do you gain in a day?
2) over what time period?
3) what is the wins to losses ratio?
4) what is risk to reward ratio of the system?
5) what is the stop loss?
6) does the system encompass momentum, swing, and posltion trades?
Thanks for your time.
_______________________________________________________
Hi TradeWynds,
You do seem to know a little bit of trading terminology. I want you to learn a little bit more and you might get to know the answers to them after that.
1) As many as you can get out of the move, in a pair of currencies. But if you get half of them and steadily, then you are a steady winner.
2) A day is a twenty four hour period. So, you are awake most of the time. Please see your question #1.
3) 80% winners and 20% loosers. That is the MAX. Less loosers the better.
4) Risk reward ratio-SHARP RATIO is 2 or strive to achieve this.
5) Stop loss is the protection you introduce to save your down side. It could be anywhere between 13 to 20 pips, depending upon the volatility. When your stop loss order is hit, the order automatically becomes 'A' Market Order.
6) All of the above depending upon 'the system' that 'you' would like to trade with to make the 'profits'. Scalping-short term-day-mid term-position and a few that trade a LONG TERM. Choose your style and win what it enables you to win. But win consistantly.
Hope this helps.
Freddie.
Hi Freddie,
Thanks for your response.
The "time period" I was referring to, was how long
have you been profitable with your system.
80% winners. Nice.
As someone who is or intends to teach others, may I
ask what your average return is in one month, and
over what period have you had this return.
Hi Trade wynds,
Please give me a week and I will provide you all of the details plus some more to all of you and in a tangible form.
I started as a stock trader. Then I started to trade Commodities and Futures. In between options were there. Then Forex came along. Now I am onto something that is still more interesting. I will get back to you on this soon.
Please bear with me.
Freddie.
That's great Freddie. Thanks.
btw, I work with an fx trader who gets 50 - 100
PIPs per day, using a 10 PIP stop loss, with no
losses in over 21 months.
Let's compare notes . . .
Quote:
Originally posted by TradeWynds
That's great Freddie. Thanks.
btw, I work with an fx trader who gets 50 - 100
PIPs per day, using a 10 PIP stop loss, with no
losses in over 21 months.
Let's compare notes . . .
That is truly an outstanding performance. Learn as much as you can from him, if as you say you are working with him. Because, it is going to be a long long time before you meet another fx trader with a similar track record.
