sweatyslouch
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Thanks,
The problem with only talking points is if you have a system that only ever takes 4 pips, but you only risk 2 pips to get them..with the appropriate leverage it is just as effective as hitting 300pip winners! It is therefore irrelevant how many pips you make! Cash is king in the trading world.
I only state my returns because some of the readers here like to know how they would get on by following us but it can be bothersome for them to have to crawl back through the thread calculating our returns for themselves. If it does bother people though, I would be happy to stop. It would be great if others gave their opinion of whether it is annoying when people state their P&L..I do not want to annoy, I just wanted to make it easy to follow.
Cheers for the heads up though.
The problem with only talking points is if you have a system that only ever takes 4 pips, but you only risk 2 pips to get them..with the appropriate leverage it is just as effective as hitting 300pip winners! It is therefore irrelevant how many pips you make! Cash is king in the trading world.
I only state my returns because some of the readers here like to know how they would get on by following us but it can be bothersome for them to have to crawl back through the thread calculating our returns for themselves. If it does bother people though, I would be happy to stop. It would be great if others gave their opinion of whether it is annoying when people state their P&L..I do not want to annoy, I just wanted to make it easy to follow.
Cheers for the heads up though.