I see traders boast about the Amount of pip they made in the market but I believe what should matter to you as a trader is your Risk to reward ratio.
If you are changing your instrument of trade as a result of the pip-move of a pair/currency, I think you should re-think your decision and factor in Risk to reward.
It's high time traders stop chasing shadows.
If you are changing your instrument of trade as a result of the pip-move of a pair/currency, I think you should re-think your decision and factor in Risk to reward.
It's high time traders stop chasing shadows.
In my view too. apart from ratio reward to risk management I believe calculating the number of pips is also good rather than having only profit made in mind. Some traders can use a huge lot size to trade just because of the profit they are chasing but if you trade based in pips and reduce your risk appetite, I think is also RR
The amount of pip you make in the market doesn't matter at all.
For Example, If you make 200 pips in the market with a 100 pips stoploss, you are less profitable than someone who made 15 pips with 5 pips stoploss.
PS: Your stop-loss and % of account risked determines the lot-size you use. A huge lot size can be used following proper-risk calculation/management.
So many traders are not profitable yet because they don't understand this.