Pip Fiction

Karen Wong and Daryl Guppy

Chapter 28 in Stocks and Forex Trading:How to Win, 2021, pp 177-180 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Traders often translate a higher number of pips for higher profits. This is not always the case. Recently I attended a webinar where an attendee’s reaction to the demonstrated trade was “… but that’s only 38 pips”. A trade with a high probability of capturing 38 pips is better than a 250-pip trade if the probability of price reaching this larger target is low…

Keywords: Trading; Stock Trading; FX trading; Currency Trading; Forex; CFD; Security Trading; Trading Games; Daryl Guppy (search for similar items in EconPapers)
JEL-codes: G1 G11 (search for similar items in EconPapers)
Date: 2021
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