A closer look at the ten-pips-a-day plan

[Shadow Trader]

Ten pips per day sounds modest. Over 20 trading days, that is 200 pips per month. On a 10,000 dollar account trading 1 standard lot at 10 dollars per pip, it is 2,000 dollars a month, 20 percent.

The arithmetic hides the real picture. A 20 percent monthly return implies enormous risk or enormous skill. Professional funds celebrate 15 to 20 percent per year.

Chasing a fixed daily number also distorts behaviour. On slow days, the pressure to reach 10 pips leads to marginal trades. On good days, stopping after hitting the number leaves profit on the table.

A more useful target is process-based: take only the setups that meet all criteria, with fixed risk per trade, and measure over months.

Daily goals in pips make sense as rough expectations, not as quotas.

The numbers always deserve a reality check against position size and account growth.

What does the daily target look like here, and has it ever pushed trades that should have been skipped?