Comments on: Don’t Measure Your Profits in Percentages or Pips

By: Luke-odah

Luke-odah — Tue, 28 Mar 2023 23:03:10 +0000

In reply to Mahlomola. Thank you so much We keep learning

By: Timothy Sejeng

Timothy Sejeng — Wed, 18 May 2022 03:25:45 +0000

Great article. That’s very true and reasonable. It doesn’t help measuring risk to reward with percentages or pips because at the end of the day, it boils back to how much dollars a trader made or lost

By: hoang ha

hoang ha — Mon, 24 Jan 2022 03:21:14 +0000

Thank you so much Nial for the article if it wasn’t for your article I wouldn’t know how to start over, I’ve been trading for a while and lost a lot
Thank you for your valuable knowledge, Nial, I will try to learn and improve more from you

By: Malachi Orode

Malachi Orode — Mon, 27 Dec 2021 16:09:21 +0000

love your concepts and style of communication. Thanks again and again.
Each time I read your articles, my wife asks me “why are you smiling” and I tell her Nial is speaking to my faults and deficiencies. ai have a lot of unlearning to do. bad habits must go with 2021.
Thumbs up.

By: Victor

Victor — Tue, 26 Oct 2021 09:41:04 +0000

Hi Nial

Thank you for the great article. It will help me a lot. I have been taking trading seriously for the past 5 to 6 months and I had been up and down. I took a $180 to $2 000 twice but blew it and l have to start from scratch because of a lack of knowledge. From now on since I have the knowledge of R, I will track my trades and I will risk money, not pips or percentages.

Thanks again

By: DAVID ARMOUR

DAVID ARMOUR — Tue, 31 Aug 2021 11:06:27 +0000

Learning More And More Each Day Nial… Thank You So Much For Sharing Your Knowledge… It Is Greatly Appreciated. I Am A New Trader Trying To Learn The Ropes And Learning From You Clearly Shows Me That Trading Should Be Done The Right Way…

The Best Way Is To Learn The Right Way…

By: Nial Fuller

Nial Fuller — Fri, 23 Apr 2021 08:19:29 +0000

In reply to Mahlomola. Cheers! Thanks for the feedback.

By: Mahlomola

Mahlomola — Tue, 20 Apr 2021 23:06:40 +0000

I think I m getting a better picture as I reading this important articles and I planning to to read and practice them too

By: Andrew

Andrew — Mon, 15 Mar 2021 11:38:34 +0000

A few successful forex traders I follow always refer to ” R “. I figure that If It’s good enough for them then It’s surely something us mere mortals should adopt.

By: Muhammad Abdulrahman Dedes

Muhammad Abdulrahman Dedes — Mon, 19 Oct 2020 17:47:12 +0000

I am a beginner trader but i have reading your writings concerning trading they are really motivating me and they do make sense.

By: David

David — Wed, 06 May 2020 20:27:03 +0000

Personally it makes a lot of sense to me ????

By: Nesbert

Nesbert — Sat, 14 Mar 2020 18:49:53 +0000

Thank you , we keep on learning

By: DmitrIy

DmitrIy — Wed, 12 Jun 2019 10:07:19 +0000

Hi, Nial!
Thank you for that article.
I never heard about such approach before, but through this text I saw that this is really important and exceptionally useful!
100% I put it into my trading strategy.
Thank you so much!
Best regards, Dmitriy.

By: elly

elly — Wed, 29 May 2019 12:41:13 +0000

You are just the best at what you do………THANX NIAL.

By: Jeremy Beavan

Jeremy Beavan — Sat, 26 Jan 2019 13:26:56 +0000

Hi Nial

I agree , leverage is what it’s all about

I trade Indices intraday , I’m happy with a 1-1 RR as I trade high probability set ups , 1to 3 trades per day

I use price action along with confluence levels for my entries with as tight a stop as I can get

Very interesting reading your take on the markets, no bullshit & a lot of common sense

Regards

Jeremy

By: Sipho Moganedi

Sipho Moganedi — Wed, 24 Oct 2018 08:09:46 +0000

I like measuring my trading performance in Rands (South African) rather than pips. I can’t buy anything with pips or percentages. Since I know my ‘R” factor is 2,2 meaning for every Rand I lose I gain 2,2 rands. So to me now a losing trade is a means to profits.

By: Pavel

Pavel — Mon, 26 Feb 2018 11:47:08 +0000

Thank you! A few months ago I needed a better way how to monitor performance of my trades and I develop RRR points (you called it R). It is the best way to watch my progress. People around me use pips, but they can’t trade different positions (50 pips on SL and 150 pips on SL) because they don’t handle position size. So my way is much better and more accurate. But because I am not a consistent trader (yet) my opinion is… just opinion against bigger and more successful traders.
Thank you, you show to me that I am right :)

By: David

David — Wed, 18 Oct 2017 22:38:12 +0000

Thanks Niall – this concept of “R” has provided great clarity for me – has instantly changed my mindset

By: Calvin

Calvin — Mon, 24 Apr 2017 11:59:43 +0000

I have read many trading websites online, 3 article posts from your website is worth 1000 websites online. You bring the best knowledge. thank you

By: Larry H.

Larry H. — Sat, 08 Sep 2012 04:30:30 +0000

Hi Nial,
Really like your R method of measuring ones trading results. Really make a lot of “cents”.
I’m thinking if a trader profits 2R on a given trade and 1R on another trade — is the first trade actually twice as good as the second? Seems that you must incorporate a time factor into your analysis and thinking. What if the first trade took two months to complete…and the second trade only took two days? NEED TO COMPARE “APPLES” TO “APPLES”.
So…I’m going to start to use your R concept to measure my trading results but at the same time incorporate a time factor as I look at how long I was in EACH of the two trades.
So a trading result might go something like this, “On my last trade I profited 2.5R per trading day”. Thanks Larry

By: KRISTOFA OKENTA

KRISTOFA OKENTA — Sat, 29 Oct 2011 09:44:26 +0000

Dear my Prof Nial, I wish that you see or read my mind.
You have really hit the nail on the head as it concerns
money management.
Thank you again.

By: hart

hart — Sat, 29 Oct 2011 03:51:15 +0000

Thanks Nial
Glad you wrote this lesson. Can now see the logic of fixed amount risk per trade.

By: Anton

Anton — Tue, 04 Oct 2011 21:52:46 +0000

Hi Nial, all your articles are excellent and is really hard to say which one is the best. I can only recommend your Price Action course for everyone, daily commentary, forum.. … on your web.Thanks

By: AMIN MALIK

AMIN MALIK — Sat, 24 Sep 2011 16:19:31 +0000

MY dear NAIL,Thank you so much for your excellent articles.
You are simply marvelous. GOD BLESS YOU.

Warm REGARDS
AMIN MALIK

By: Janene

Janene — Sun, 18 Sep 2011 00:56:01 +0000

Thank you Nial for another great article, I’m always learning more from them.

By: Mithun

Mithun — Wed, 14 Sep 2011 17:32:48 +0000

Nice Article Nial !!

By: solator

solator — Fri, 09 Sep 2011 12:44:06 +0000

Hi, Nial, that is a good article again! I understand that you actually say – risk a certain amount (for most of us it will be a %) but not of your forex account but of your overall money that you can afford to use for trading. I like it very much as it inspired me not to put all the money to my trading account. Thus I can “diversify” and feel safer – in case my broker should get into troubles… Thank you!

By: Marvin Hacker

Marvin Hacker — Thu, 08 Sep 2011 14:44:10 +0000

Greetings, All,

If you are not yet successful in trading in the markets but desire to become consistently successful, I can think of no better “path” to take than signing on to be trained and mentored by a successful PRICE-ACTION trader such as Niles Fuller.

Best regards,

:) Marv

By: joe

joe — Thu, 08 Sep 2011 10:58:56 +0000

Good insight!Keep it up.

By: Vijay

Vijay — Wed, 07 Sep 2011 22:00:19 +0000

Fantastic Nial !!!!!

By: Jim Foster

Jim Foster — Tue, 06 Sep 2011 19:50:41 +0000

Simple, effective and common sense, thanks again Nial!

By: nico

nico — Tue, 06 Sep 2011 19:47:03 +0000

wonderfull!!!!

By: Emea Egwu

Emea Egwu — Tue, 06 Sep 2011 08:42:08 +0000

Thank you for what you just post now is every good thing that we calculate our trading the risked rewards riot. Thank you

By: Mike

Mike — Mon, 05 Sep 2011 23:49:25 +0000

I measure my trades the same way….wouldn’t even thought of doing it any other way….I love the way you keep things simple.
Cheers
Mike

By: Leslie

Leslie — Mon, 05 Sep 2011 20:52:19 +0000

Great article! Really sums up what i’ve been reading from before into one article, concise and to the point! Now i do have a thoroughly better understanding of this area of risk management. Very good lesson indeed, thanks once again!

Leslie

By: Paul

Paul — Mon, 05 Sep 2011 14:39:45 +0000

Another top notch article. This is exactly how I trade and in fact have always viewed money management. Straight forward common sensical approach… why make it any harder than it has to be. Cheers Nial!

By: Eve

Eve — Mon, 05 Sep 2011 09:43:13 +0000

RR ratio is one of moste important thing in recording your trades, of course. And it helps to keep emotions back. And RR on amount is only reliable.

By: Piotr Janiga

Piotr Janiga — Sun, 04 Sep 2011 19:15:00 +0000

Fantastic article Niall!

I would like to ask a question though..

What is the best way to calculate your risk/reward scenario after taking 100 trades if you decide to risk 2% of your account value on every each trade? Your R on every trade will be different.. Does it mean that you have to keep the same amount of money at risk for some period of time on all trades that you make?? After every trade your account value will change so you 2% risk (R)will change too.

Thanks in advance

Piotr

By: Azeem

Azeem — Sun, 04 Sep 2011 18:32:02 +0000

Nail,

Thanks Nail, Excellent article and very informative. You are reading the minds of trader.

Regards,

Azeem

By: Steve

Steve — Sun, 04 Sep 2011 12:51:48 +0000

Thanks niall,

Another great lesson. I make so much money with your pin precise techniques. 25 pip stops, high leverage, and R multiples are the way forward!

Steve

By: Saravanan

Saravanan — Sun, 04 Sep 2011 11:47:19 +0000

Good In each trader take this point out every trade period get closure progress about their trading

By: steve portman

steve portman — Sat, 03 Sep 2011 22:32:15 +0000

Very important advice that one’s account can consist in moneys available for use but not just sitting with a broker. Very good lesson”

By: Paul Samoey

Paul Samoey — Sat, 03 Sep 2011 18:14:28 +0000

This gives a good perspective of trade performance.
Great stuff Nial.
Greetings from KENYA

By: tariq

tariq — Sat, 03 Sep 2011 16:09:24 +0000

i like the idea

By: Intazar Hussain

Intazar Hussain — Sat, 03 Sep 2011 12:49:58 +0000

Once again great piece of advice ! Thank you.

By: Robert

Robert — Sat, 03 Sep 2011 11:06:16 +0000

Nial,
I have been using the “R” multiple in measuring performance for a while now which I learned from the “Dr Van Tharp” news letters.
However, it took quite a while before I finally realized what he was on about.
Your explanation is much more concise and I am sure it will be of great benefit to all traders.
Well done.
Regards
Robert

By: Nyoman L.

Nyoman L. — Sat, 03 Sep 2011 04:23:40 +0000

Incredible article, Nial! Your explanation is truly eye-opening. I do think that trading performance should be measured in risk versus reward and the “R” concept is easier to understand. But in my small account, as I’m improving my accuracy along the way, I need to put survival my priority so position sizing must be done carefully to give the price action trading strategies enough chances to work. My best wishes all for you. Please, keep enlighten us.

All the best,
Nyoman L.

By: T Allen

T Allen — Sat, 03 Sep 2011 03:52:13 +0000

Right ON Nial – this is key to understanding performance. Thanks for the nice summary.

By: Mike

Mike — Fri, 02 Sep 2011 23:26:02 +0000

Good stuff….ton of value!!!!

By: Mathew

Mathew — Fri, 02 Sep 2011 22:53:44 +0000

Thanks Nial, I would just like to say that I really admire your dedication and consistency in getting out great articles for both non and paid up members to learn from. As a paid up member I believe I am now (after recently implementing your methods)in a better postition than I ever have been after 3years (of not using your ‘simple’/ profitable methods). Keep up the great work