DislikedI trade as i see the opportunity.I would never set a goal of ...I have to make xxxpips per day, if you do you will set yourself up to over trade and loose more trying to make a quota. Take what the maket gives not what you think you should make everyday, sometimes its 15 pips other days its 150. Look at it more of what am I averaging over the past month or 6 months.Ignored
I just thought about pips per day as my stop to overtrading. I ran tests (manually) to see the results and they're not bad. now i try live and suddenly read this thread and Skunny's and see a good way to manage TP level.
What were my reasons to pip limit myself? This way i make 20-30 pips in the beginning of the day and just go away and don't trade anymore. my greed is fuming, but my money is content and safe.
Now that i'm learning fib ways to manage position... I always had a problem with TP.