Per V's explanation, it's a good guess, colin. So it's in...

Per V's explanation, it's a good guess, colin.
So it's in reference to the price point and not to the capital gain made. I had been assuming erroneously that a pip meant $1K.
Excuse me for being pedantic. Just trying to get my use of the term right.
- It implies a short trading timeframe, like a day or less.
- A pip is when the next price point increase as a % to the sp is small. Like 1c to 31c.
- If I bought a penny dreadful at 1c and it went up to 3c and I locked in my cap gain, I shouldn't say I made 2 pips. Instead I should be celebrating a double bagger.
- If I bought NCM at 18.80 and I sold at 18.90, even though the % increase to sp is still small, I shouldn't even mention 10 pips because I'm in the company of the big boys.
Am I right? It's like back to English class again. Protocols, protocols...
R.