It completely depends on the trading strategy of the traders.
Please take a look around, and feel free to .
We can get income based on the use of the Trading strategy which is more Effective for us.Trades should not be made based on assumptions. Learn how to trade efficiently. Do not rush. Profitability takes time. Do not chase after pips. If you focus on your skills and abilities, the pips will naturally come. Forex is not gambling.
We will need to learn from the mistakes we have made and correct them.The most common mistake that is frequently done by newbie traders is they always hasten to obtaining quick return. Gather knowledge from reputed sources to flourish your trading. Online free learning sources are available but if traders can afford, they can go for paid courses. However, take lessons from mistakes.
You're right; there are no strict rules for trading, as it depends on individual strategies. Day traders should set targets based on their trading efficiency. Once you close a trade, any further market movement doesn't belong to you. To capture more pips, focus on refining your strategy. It's essential to accept that you can't always maximize every opportunity.There is no rule. It entirely depends on your trading strategy. If you are a day trader, you have to make your target according to your trading efficiency. You said you closed a trade and market moved for some more pips. Close trade when your strategy permits. If the market moves more, those are not your pips. If you want those pips also, make a better strategy. But the fact is you can't exploit the full benefits everytime.