The smallest standard price move in forex — and the unit every stop-loss, take-profit, and lot-size calculation on this site is built from.
A pip ("percentage in point") is the smallest conventional price increment most forex pairs move in. For a pair like EURUSDm, quoted to five decimal places, one pip is the fourth decimal place — a move from 1.14755 to 1.14755 + 0.0001 = 1.14855 is 10 pips. Gold and crypto pairs use their own tick conventions, but the idea is the same: a pip is the ruler you measure a trade's distance with, before you ever get to dollars.
This SELL closed 60 pips in its favor. The dollar amount ($7.02) depends on lot size — the pip count is what's fixed by the setup itself.
Why it matters here specifically: every trade this account takes sizes its position from a pip distance, not the other way around. The stop-loss is set a certain number of pips from entry based on volatility (ATR), and the position size is calculated backward so that distance equals a fixed percentage of account risk — not a fixed lot size with an arbitrary stop.