Originally Posted by
;
No offense, but I believe that's exactly the wrong way to look at it. If your pip target is 30 pips a day, and the market has given you 15, then you're likely to alter your analysis at the HOPE of gaining additional pips. Vice versa, if your goal is 100 pips a day (first, you're out of your gourde), and the market is ranging tightly, you are going to get your ass handed to you. I have never understood any critical traders with pip goals every day. You have to take what the market provides you each day. Having a specific numerical amount that you demand from the market each day is that you telling the market what to do. . .which is simply not the way it functions.
-Liz