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Answer:
Although pips can be a measure of performance, it is clearly lacking. Remember, pip value is relative to the amount your risk! You could bag hundreds of pips per trade but if your risk is only 0.1%, you'd barely make it to 1% by the end of the month. This means that scalpers can end the day with just 10 pips but end up much larger gains than a day trader who was able to catch 50 pips.
