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What is your daily profit target

  • #1
  • First Post: Apr 24, 2018 12:49am Apr 24, 2018 12:49am
Hi guys and gals , i have a daily target of $1000 per day , what is yours and why you have that target
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  • #2
  • Apr 24, 2018 12:54am Apr 24, 2018 12:54am
Quoting Aussi
Hi guys and gals , i have a daily target of $1000 per day , what is yours and why you have that target
Wouldn't pips or % represent a more meaningful comparison, as a trader with a $100 account will likely have a different dollar-based target to somebody with a $20,000 account?
  • #3
  • Apr 24, 2018 1:16am Apr 24, 2018 1:16am
Quoting hanover
{quote} Wouldn't pips or % represent a more meaningful comparison, as a trader with a $100 account will likely have a different dollar-based target to somebody with a $20,000 account?

Fully agreed.


Quoting Aussi
Hi guys and gals , i have a daily target of $1000 per day , what is yours and why you have that target

And this says a member with a red diamond, who's claiming himself as a "Professional Trader".
  • #4
  • Apr 24, 2018 1:27am Apr 24, 2018 1:27am
Quoting Botan626
{quote} Fully agreed. {quote} And this says a member with a red diamond, who's claiming himself as a "Professional Trader".
not claiming anything , i trade for a living and retired . i all so teach trading and what is your claim to fame living in russia let me guess you dont trade you troll
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  • #5
  • Apr 24, 2018 1:28am Apr 24, 2018 1:28am
Quoting hanover
{quote} Wouldn't pips or % represent a more meaningful comparison, as a trader with a $100 account will likely have a different dollar-based target to somebody with a $20,000 account?
its a simple question again you make a simple question into a nightmare please feel free to start a new thread
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  • #6
  • Apr 24, 2018 1:30am Apr 24, 2018 1:30am
Quoting Aussi
Hi guys and gals , i have a daily target of $1000 per day , what is yours and why you have that target

Nicely,
My main target per trading day is to make 4% from all deposit.
At binary options,main target per trading day is to make 200euros
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #7
  • Apr 24, 2018 1:33am Apr 24, 2018 1:33am
Quoting SkullCandy
{quote} Nicely, My main target per trading day is to make 4% from all deposit. At binary options,main target per trading day is to make 200euros
well done that gives you a good income
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  • #8
  • Apr 24, 2018 1:44am Apr 24, 2018 1:44am
No targets, I get what the market can give me, and that's it.

No point in chasing figures I pluck out of the air from my point of view, causes stress and bad decisions.
  • #9
  • Apr 24, 2018 1:44am Apr 24, 2018 1:44am
My daily target has so many 0-s after 1 that I canīt type it. Would take forever and occupy all FF, no room for another post.
So letīs just say "f...ckzillion". But I must admit I never achived it. Yet.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #10
  • Apr 24, 2018 1:46am Apr 24, 2018 1:46am
Quoting Catch-22
No targets, I get what the market can give me, and that's it. No point in chasing figures I pluck out of the air from my point of view, causes stress and bad decisions.
yep i see your point
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  • #11
  • Apr 24, 2018 1:48am Apr 24, 2018 1:48am
Quoting Taxi Driver
My daily target has so many 0-s after 1 that I canīt type it. Would take forever and occupy all FF, no room for another post. So letīs just say "f...ckzillion". But I must admit I never achived it. Yet.
i see the funny side times on your side and i hope you do achive it one day
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  • #12
  • Apr 24, 2018 1:52am Apr 24, 2018 1:52am
Quoting Aussi
{quote} i see the funny side times on your side and i hope you do achive it one day
Tnx mate!
But "one day" must be soon enough cause I have always dreamed of Warren Buffet being my butler. He is kind of old already, so... Iīll do it like tomorrow.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #13
  • Apr 24, 2018 1:53am Apr 24, 2018 1:53am
Quoting Catch-22
No targets, I get what the market can give me, and that's it. No point in chasing figures I pluck out of the air from my point of view, causes stress and bad decisions.

well,you need to have goals, after achieving them when you stop trading .. Nobody tells you to chase numbers,but you need to find your comfortable target wich you could do
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #14
  • Apr 24, 2018 1:55am Apr 24, 2018 1:55am
Quoting Aussi
{quote} well done that gives you a good income
Thats why i trade with forex and binary aswell, if i do not do forex,i achieve my target at binary,sometimes i do both,then that day is super amazing for me lol.
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #15
  • Apr 24, 2018 2:08am Apr 24, 2018 2:08am
Quoting SkullCandy
{quote} Thats why i trade with forex and binary aswell, if i do not do forex,i achieve my target at binary,sometimes i do both,then that day is super amazing for me lol.
i am no fan of binary options but if it works for you and able to get your money out well done
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  • #16
  • Apr 24, 2018 2:09am Apr 24, 2018 2:09am
Quoting Taxi Driver
{quote} Tnx mate! But "one day" must be soon enough cause I have always dreamed of Warren Buffet being my butler. He is kind of old already, so... Iīll do it like tomorrow.
people leave, but this thread will go on for ever
  • #17
  • Apr 24, 2018 2:17am Apr 24, 2018 2:17am
Quoting SkullCandy
{quote} well,you need to have goals, after achieving them when you stop trading .. Nobody tells you to chase numbers,but you need to find your comfortable target wich you could do
Nah, my focus is all on account protection and MM - BTC could give me 10% in an hour, or put my DD -10% in a week.

What I make in a day is irrelevant. It's all about the strategies that different trades have laid out for them, whether it's allocating 30% equity on long/short term on BTC, a martingale on NGAS, trend/reversal trading forex/oil..they all give me different outcomes and I expect different lengths of trades from them.

I only really even think that about that type of thing every 3 months - or when I have zero trades (which is not often because of my long-term BTC trading).

My general experience is that daily / weekly targets - I used to go for 100pips a week - do not help me, because sometimes I would make 400 pips and sometimes I would lose over the week, it led to bad decisions. Once I realized that I just stopped and just get what I can get.
  • #18
  • Apr 24, 2018 2:26am Apr 24, 2018 2:26am
My daily target is simple, protection of the account. When I`m out of the market, I can`t lose. As soon as position is open, I lose for a broker commision and spread, from here on, protection is the main care. After that, what the market offer.
  • #19
  • Apr 24, 2018 2:35am Apr 24, 2018 2:35am
Quoting Catch-22
No targets, I get what the market can give me, and that's it. No point in chasing figures I pluck out of the air from my point of view, causes stress and bad decisions.
well said, daily targets can enduce poor emotional control.
  • #20
  • Apr 24, 2018 3:07am Apr 24, 2018 3:07am
I aim for 2%, often don't make that much.
If I average 1% a day and wanted about $1000 dollars a day, I'd have a 200,000 dollar account. (I'd save the other 1000 each day for tax/end of financial year bonus.)
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