10 Pipers per day Challenge : Scalper
My reflection, or yesterday post was attributed by my mentor and confidant in trading. I remember she issued me a challenge to be green and take 10pips everyday. My thoughts then was like bullshit, 10pips a day wouldn't make you rich. It is a waste of time to read the H4 chart,h1 chart and just to make 10pips.
But this 10 pips a day challenge has a new meaning in me now : If you can consistently make 10pips a day, you could be be making 50dollars and the time spent could be in a few minutes work.. I just hope to cover my daily expenses from the market. 10pips a day will pocket me at least 50dollars and I will be more than happy to take 50 dollars everyday. :P
Assuming the challenge is to take 100 pips every day. Will it be easier for you to take 1 trade and win 100 pips or taking 5 trades, each averaging 20 pips? I am not greedy. My mindset has totally changed and thus I issue a 10 pips per day challenge to myself. I usually have 2-3 trades on a daily basis, each averaging 2-8 pips and I will be done. If I am lucky and there is good setup, I could get my 10pips as quick as 10minutes.
Well, that is my trading phislosphy now - I am not trying to get rich with these trading. But I hope to be consistent enough and in future, hopefully be able to do a 20 pips challenge. But with work and studies, I am fine with 10pips a day :P
But this 10 pips a day challenge has a new meaning in me now : If you can consistently make 10pips a day, you could be be making 50dollars and the time spent could be in a few minutes work.. I just hope to cover my daily expenses from the market. 10pips a day will pocket me at least 50dollars and I will be more than happy to take 50 dollars everyday. :P
Assuming the challenge is to take 100 pips every day. Will it be easier for you to take 1 trade and win 100 pips or taking 5 trades, each averaging 20 pips? I am not greedy. My mindset has totally changed and thus I issue a 10 pips per day challenge to myself. I usually have 2-3 trades on a daily basis, each averaging 2-8 pips and I will be done. If I am lucky and there is good setup, I could get my 10pips as quick as 10minutes.
Well, that is my trading phislosphy now - I am not trying to get rich with these trading. But I hope to be consistent enough and in future, hopefully be able to do a 20 pips challenge. But with work and studies, I am fine with 10pips a day :P
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