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Thread: Ouch!!!!!!!!!!!200 pip stops hurt!

  1. #11
    Quote Originally Posted by ;
    I agree entirely! The number of pips that you win/lose is irrelevant! The percent of your account is what it important. I would rather lose 200 pips which was 2% of my account compared to 20 pips that has been 10 percent of my account.

    Simon
    20 pips = 10 percent of account? Who'd trade like that?

  2. #12
    Quote Originally Posted by ;
    20 pips = 10 percent of account? Who would trade like this?
    I am trying to illue the point that the number of pips you make/lose is not actually all that relevant. It is dependent upon your position size about how much money you will shed - this is the important thing not the number of pips.

    Simon

  3. #13
    Quote Originally Posted by ;
    I am attempting to illue the point that the number of pips you make/lose isn't actually all that relevant. It is dependent on your position size about how much money you will lose - this is the very important thing not how many pips.

    Simon
    Exactly. It is all about money management. Maintain your danger to 2 percent or whatever you are comfortable losing and it does not matter if you lose 2000 pips. So long as it's part of a well planned and analyzed egy.

    Wiz.

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