in this video I'm going to explain why
10 Pips is all you need out of your
trade you don't have to try for a
hundred pip move even a 20 pip move I'm
going to show you why on every single
entry 10 Pips can get you to become a
millionaire in day trading
[Music]
welcome back to the channel everybody my
name is Artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable now I do not want to waste
any of your guys's time this is going to
be a super short video Let's jump into
the charts and I'm going to show you
what 10 Pips looks like right here I've
drawn out a measuring tool this is a 10
pip box up and down starting at this
blue line and coming down to here so I
am now going to make a orange rectangle
I'm going to delete the rest of
everything else that I have on here
whether Market is going up or whether
Market is going down there are multiple
areas where you can enter in your trades
when price rejected the trend line again
you could have gotten 10 Pips right
there when price broke the trend line
you could have easily gotten 10 Pips
right there when price broke this
previous level of support you could have
got 10 Pips right there even in areas
where price is consolidating you can
easily get 10 Pips even if price breaks
that previous level right here you could
have gotten 10 Pips on that one Wick
just by by chance that thing Wicked into
your profit and no it wouldn't have hit
your stop loss if you had a one-to-one
any type of higher low or higher high
break-in Market structure areas of
consolidation 10 Pips you can literally
get anywhere in this market and this is
on a five minute time frame so maximum
you're looking at like an hour-long
trade so if you think about lot sizes
and Pips if you trade a 0.01 you're
making 10 cents per pip if you're
trading a 0.10 you're making one dollar
per pip and if you're trading one
standard lot you are getting ten dollars
per pip so if you place one trade at one
standard lot and you get 10 Pips you
made a hundred dollars that's
substantially more than minimum wage and
it literally took you 30 minutes to an
hour sometimes 20 minutes now if your
account size is big enough or you're a
funded Trader you can place five trades
and within that ten Pips like all five
trades entered in the exact same time
just boom boom boom boom boom all five
of those trades have a take profit of 10
Pips you made 500 dollars once all five
of those trades close you can do the
exact same thing and do 10 trades so you
made a thousand dollars when all 10 of
those trades close at 10 Pips profit
conversely if you have poor risk
management and can go against you and
you can equally lose as much money but
if you are waiting for structure you're
waiting for bounces off of trend lines
you are waiting for breaks and retests
you are waiting for liquidity pool areas
you're waiting for divergences you're
waiting for Fibonacci gold zones you're
waiting for all of those price action
candle entry formations you can easily
get 10 Pips and you will lose some
trades but your win rate will be higher
if you wait for those good setups for
example you guys have seen me trading
the 20 pip Challenge on my Twitter
account I've been posting images and all
of my trades about it and I've started
to actually just do 10 pip increments so
instead of going for one trade that's 20
Pips I will go for two trades for 10
Pips each giving me 20 Pips into total
getting me to the next level on the 25th
Challenge and if you guys do not know
what a pip is let me give you a quick
refresher but you need a lot of work if
you're watching this video If price
right here at
0.67600 where this orange line is if the
price goes down 10 Pips the price will
be
0.67500 you basically go from the fourth
decimal point this tiny little move it's
literally from here to here that's 10
Pips that can happen in seconds and you
can make a thousand dollars in seconds
proper risk management making sure you
have a big account size if you want to
scale your account start with twenty
dollars and grow it to fifty two
thousand it's super high risk it teaches
really really bad risk management and
horrible habits that are extremely hard
to unlearn but if you want to learn how
to do that watch this video right here
if you got some value out of this video
make sure you're dropping a like And
subscribe if you have not already thanks
so much for watching and we'll see you
in the next one