Dislikedim done for the day .. daily target not reached but pips is pips ...
Ignored
There Was Days In The Past That I Was Looking For a Daily Target. But It Had Just One Thing For Me :
It Forces Me To Trade When There Was No Good Setups, Specially When I Didn't Took Any Position The Previous Day Because Of The Lack Of Good Setup. After That I Realize That It Would've Been Much More Better If I Took What Market Gives, Not To Seek For Certain Amout Of Pips Every Day. I Remember There Was A Week That I Saw Only 1 Or 2 Safe Trades In SonicR System. So If I Wanted To Achieve A Daily Target, There Was A Burden On My Back Because I Didn't Took Any Trade. I Find Out That This Attitude Conflicts Alot With The Much More Profitable Attitude That I Call "Be More Picky" Attitude.
So I Start To Be More Flexible. I There Is No Trading Setup (I Meant Perfect Ones), I Start To Learn And Read The Threats And Book And Contribute With Other Traders Instead Of Forcing Myself To Reach My Daily Target.
I Believe This Attitude Works Much More Better For Scalpers, And It Didn't Fit My Personality. And I Don't Think It Matches With SonicR Strategy Either. I Think There Are Many Days That Sonic Did Not Took Any Trade With This System (Sonic Correct Me If I'm Wrong).
Like DD Said In One Of His Post, There Will Be Between 3-5 Good Setups Each Week. But It's an Average, Sometimes You See 5 Or 6 Good Setups During The Week And Sometimes There Are Just 2 Or 3 Good Setups During The Week.
I Don't Point All The Words To You, But I Used Your Post To Say My Experience On This.
After All It's Just My Opinion. No Right Or Wrong Thing In This Business.
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.