DislikedThe aim should be to grow your account, but differences such as trading mini lots versus full lots, to grow the account by a specific amount requires much different pip amounts...and possibly a different strategy. So looking at both aspects (pips needed/amount wanted) helps to determine the goal that is right for that individual.Ignored
People often suggest "I just have to make x per day/week/month), which in my opinion is short-sighted. Sure, someone could be successful doing this, but trading is not an income from which we really want to depend on weekly or monthly results. We give ourselves a better chance of success by setting aside living expenses and not requiring an income, and setting a 6-12 month goal. I'd even suggest goals aren't all that valuable, as we'll make whatever we make, but I understand many need a goal to work towards.