Well, sometimes, it is difficult to convey our thoughts accurately with our natural language. I find this especially true with trading. I am starting this series to debunk/reveal what else could people mean when they talk in the trading lingo that we hear commonly.
First up: "Hey, I profitted 1000 pips last night, the strategy works!"
Some questions that you may need to probe further:
1. Ok, last night is 1000 pips, how was it the night before or the night before before? Trading is not about one hit home runs. Or the person may lose the 1000 pips in the next few days.
2. What does 1000 pips mean? Can 1000 pips profit mean $10 profit? It sure can!
3. Does the strategy really work? Single hit wonders don't count in trading.
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