RE: CHARTS -T LINE TIPS13 Jul 2016 19:03
30 pips profit on a daily basis is not at all difficult to achieve on the FTSE in the case this morning in two hours. Can be shorter or longer but certainly daily.
at £5 a pip = £150 a day = £750 a week tax and nic free = £34,500 equivalent to a gross income of approx £47,500 if one were paying income tax and nic as an employee.
at £10 a pip =£300 a day =£1,500 a week net = £69,000 per annum
at £20 a pip = £600 a day = £3,000 a week = £138,000 per annum
Assuming a risk reward ratio of 3/1 at £5 a pip would require a fund of only £2.5k
£10 a pip requires a fund of £5k
£20 a pip requires a fund of £10k
according to my calculations.
glita