And now we circle back to 0.
What if a person cannot make 704 pips?
Or, 70.4 pips?
But could possibly every once in a while make 7.4.
No matter how you slice it a trader MUST make pips to make $$.
Here in lies the trouble for most.
MightyOne wrote:One last time, just in case people still don't get it.
I don't get it.
Who the fk is that person, he doesn't matter; & don't tell me it is you, I know that you are not that pathetic.
Does price move 10, 100, or 100's of pips? Can you see it with your own eyes, can it be measured?
Does price move 8, 64, or 64's of pips? Can you see it with your own eyes, can it be measured?
It is not about what you trade, it is how you trade it.
It is not about pips it is about how those pips impact your account.
A pip used to be a unit of minimum movement & now it is the pipette.
What has the pip become? 10 pipettes, a "macro/larger pip".
When you make 63 pipettes you call it 6.3 pips (macro-pips).
As you draw lines at each pip, and largely ignore the pipette, so would you draw lines at each eight or sixty-four or whatever & ignore the smaller movements.
If you are sized to the pip then the "pip" is your pip.
If you are sized to the eight then the eight is your pip.
If you are sized to the sixty-four then the sixty-four is your pip.
Like the idea of "other peoples money", it is more about perspective than it is about Webster's definition of things.