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What is your daily profit target

  • #41
  • Apr 30, 2018 12:57am Apr 30, 2018 12:57am
Quoting Aussi
Hi guys and gals , i have a daily target of $1000 per day , what is yours and why you have that target
I do not have any daily target. And I also do not support the idea of daily target. Market does not move same way everyday. It varies. When you put condition that I have to make that much money, you tend to make more mistakes. It is not possible to get good quality set up everyday. Trading is a life long business. Target should be monthly, quarterly and yearly.
  • #42
  • Apr 30, 2018 1:01am Apr 30, 2018 1:01am
Quoting AgusKurniaw
{quote} I do not have any daily target. And I also do not support the idea of daily target. Market does not move same way everyday. It varies. When you put condition that I have to make that much money, you tend to make more mistakes. It is not possible to get good quality set up everyday. Trading is a life long business. Target should be monthly, quarterly and yearly.
its not the stock market
people leave, but this thread will go on for ever
  • #43
  • May 19, 2018 10:38pm May 19, 2018 10:38pm
Hello zznbrm
I sent you a pm in November 2017 and due to some problem with FF inbox I have just noticed your reply.
If you are interested can you please pm me as your pms are off now.
Cheers
We are all One. Be present. Be the Observer
  • #44
  • May 20, 2018 5:06am May 20, 2018 5:06am
It depends on your trading method. If you are a scalper or very short term trader, then you probably could have a daily target. My method is more like a casino. Playing my formula when I have an edge but just because I have an edge doesn't mean I will see that edge go my way every day.

I do have a target that is monthly. 400 pips a month and I evaluate my formula based on if I am hitting this. I do not evaluate based on day one of a month to day 30 of a month. I evaluate it based on a rolling 20 trading day pip return.
Model 3 All Time Pips: -887
  • #45
  • Apr 5, 2019 5:32am Apr 5, 2019 5:32am
Attached File(s)
File Type: ex4 MACD_OsMA_4ColorH_2LVar_mtf nmc.ex4   24 KB | 608 downloads
people leave, but this thread will go on for ever
  • #46
  • Apr 5, 2019 6:43am Apr 5, 2019 6:43am
Quoting AgusKurniaw
{quote} I do not have any daily target. And I also do not support the idea of daily target. Market does not move same way everyday. It varies. When you put condition that I have to make that much money, you tend to make more mistakes. It is not possible to get good quality set up everyday. Trading is a life long business. Target should be monthly, quarterly and yearly.
Sometimes even month to month is different.

3 months is the minimum time to evaluate actual averages for day, week and month.
  • #47
  • Apr 6, 2019 8:02am Apr 6, 2019 8:02am
generally we fixed unrealistic daily trading target
that can make us emotional and greedy , it should be practical.
  • #48
  • Apr 6, 2019 9:00am Apr 6, 2019 9:00am
I have no daily goals.
because I don't trade every day.
  • #49
  • Apr 6, 2019 2:01pm Apr 6, 2019 2:01pm
My target is $20 per day...my account size below $1000
  • #50
  • Apr 6, 2019 6:33pm Apr 6, 2019 6:33pm
4%-10% per day
  • #51
  • Apr 7, 2019 1:00am Apr 7, 2019 1:00am
Lol... the target per day is 2% but struggling consistently to achieve it yet
  • #52
  • Apr 7, 2019 4:25am Apr 7, 2019 4:25am
actually , there is no one who can achieve trading target consistently , it moves most of the time , because there is nothing 100% in here , so nothing fixed in this stock market at all.
  • #53
  • Last Post: Apr 7, 2019 4:39am Apr 7, 2019 4:39am
Quoting fins93
My target is $20 per day...my account size below $1000
My also same about 24 € in a day account size also in between 2000 €, but not reaching any goals because money working even when i'm sleep for me it make sense Warren Buffet quote : if you don't find a way to make money while you sleep, you will work until you die. So can't set precisely target while im sleeping.
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