lol...even I used to think like that some time back...calculating how much I would earn in a year if I made x number of pips a day
you do understand that what you are saying means risking 30% of your equity on each trade (assuming a 1:1 risk-reward ratio) because the market could just as easily take those 30pips away from you any day...
and why just 2,40,000 per month? compound your daily gains and you will earn 89,32,332 in 20 days :rofl:
It is just not possible to have 100% winners throughout your life...
The most important thing that I have learned till now is :
1. try to eliminate the fear of
a)being wrong
b)losing money
c)missing out
d)leaving money on the table
2. accept the possibility of an uncertain outcome
3. focus on winning, not on avoiding losses.
anyway, someone requested me to share my strategy here...that would not be possible as of now, instead try to keep track of this account:
http://pride.mt4live.com
it is not a demo account.
I am using this account since yesterday to test something I had in mind for a long time...do try to understand the risk management and exit strategy for the trades I take on this account.